Transactions - JUNE 8, 2017

TTC Group plans to spend $1b on solar projects

by Andrea Waitrovich

Vietnam-based TTC Group, a sugar, energy, real estate and tourism conglomerate, has plans to spend approximately $1 billion on 10 to 20 solar parks with a combined capacity of approximately 1 gigawatt.

“Vietnam always needs more power every year for its expanding economy,” CEO Thai Van Chuyen told Bloomberg.

The firm is looking for new investors for the 10 to 20 solar parks it expects to have in operation by 2018.


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