Italian outfit Limes Renewable Energy is expanding geographically by opening offices in Hanoi and Ho-Chi Minh City in Vietnam.
The company said it has established strategic partnerships in the country and has a pipeline of about 500MW of solar projects under development.
A further 500MW is currently under valuation to be added to the initial pipeline, which features nine projects ranging from 30MW to 200MW.
Limes local business development director Nghiem Vu Duc said: “The combination of Limes management team international experience, having developed projects in 18 different mature and emerging markets around the world, and our experience in the local market, has allowed us to provide effective solutions to the challenges of developing successful projects in an emerging market like Vietnam.”
Limes managing director Cristiano Spillati said: “Limes aims to become a key player in the most promising emerging renewable market of the next decade, south-east Asia.”