Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTJune 22 (Renewables Now) - Corio Generation, a portfolio company of Macquarie’s Green Investment Group (GIG), announced today that it has sealed a development agreement for a proposed 500-MW offshore wind project off the south-east coast of Vietnam.
The offshore wind outfit found a partner in Vietnamese construction and infrastructure group Fecon to jointly develop the Vung Tau project in the waters of Ba Ria, Vung Tau province.
The fixed-bottom wind farm would be located some 23 kilometres (14.3 miles) to 35 kilometres from the coast. It could be among the first large-scale offshore wind projects in Vietnam, once licensed and approved, Corio said.
“The team in Hanoi has been examining opportunities across the country for many years. We are looking at a number of potential projects and partnerships, demonstrating Corio’s commitment towards offshore wind in Vietnam,” Jonathan Cole, CEO of Corio Generation, said in a statement.
Corio Generation emerged in April this year as GIG’s standalone offshore wind business. Since then, the company announced plans to develop up to 9,000 MW of offshore wind projects with Ontario Teachers’ Pension Plan Board around the world, up to 2,500 MW in Australia and over 5,000 MW in Brazil.
It says its global offshore wind project portfolio is at over 20,000 MW at present.
Weekly renewables M&A round-up (Jun 27-Jul 1)
Jul 01, 2022 17:05 CESTCorio, Jera ready Formosa 3 for Taiwan offshore wind auction
Jul 01, 2022 16:12 CESTCost of new renewables climb, but gap to fossil power widens
Jul 01, 2022 16:07 CESTGermany opens public consultation on offshore wind development plan
Jul 01, 2022 15:48 CESTEast Energy, utility to use green H2 to decarbonise district heating in Brandenburg
Jul 01, 2022 15:43 CESTBiden pledges to take action as court limits EPA's authority
Jul 01, 2022 15:38 CEST