Thailand’s Super Energy Group is demonstrating its commitment in the Vietnamese market through expanding investment and its portfolio.

In January, Super Energy started construction on its fifth wind power project in Vietnam. After being put into operation, Asia Dak Song 1 Wind Power Plant will be capable of providing an average wind power output of 173,000MWh per year, integrated into the national grid.

The plant will contribute to the supply of electricity for domestic use and production of the whole country towards the country’s 2050 net-zero carbon emission targets.

Country director Supa Waisayarat said, “Sustainable growth has always been one of the objectives we have strived for since Super Energy began investing in this region. We aim to operate in green businesses which they have less impact on society and the environment, such as solar, wind, hydrogen, and battery energy storage.”

The group is continuing to improve its investment and business environment as a whole to enhance competitiveness in attracting more funding, Waisayarat added.

“Therefore, all the activities that focus on the environment, society, and good governance are our targets moving forward,” he noted.

He added that with generation capacity of 886.72MWp from its solar and wind energy plants, Super Energy has produced approximately 2GWh of electricity from the beginning of the year, and has contributed to reducing carbon emissions of about 1.5 million tonnes in Vietnam alone.

According to the company, there are projects in hand that will gradually commence commercial operation continuously, taking into account waste-to-energy, solar rooftops, and private power purchase agreement initiatives. Super Energy’s 2023 revenue growth target is 15-20 per cent above the previous year’s efforts.

Waisayarat explained that his company has determined that Vietnam is a prime location for growing in the international market and boosting profits.

“The Vietnamese government is emphasising clean, green energy and providing several alluring circumstances for international investors, including the ability to form fully foreign-owned businesses in the renewable energy industry,” Waisyarat said.

“We value the Vietnamese government’s transparency, excellent intentions, and support for foreign companies operating in this sector.”

The company can also benefit from tax breaks as well as other other intriguing government incentives, he added.

“Thirdly, due to Vietnam's developing economy, we anticipate an increase in demand for power supplies.”

Waisayarat belives that Vietnam has a population edge in terms of its youthful talent, which is fueling both economic growth and creative innovation. According to him, this is a further aspect in achieving the company’s ambition for the nation.

Vietnam Investment Review