Core Insights - Founder Group Limited has entered into a partnership with VES Joint Stock Company to develop solar energy projects in Vietnam, focusing on the construction and engineering of solar power plants [1] - The collaboration aims to enhance the capacity of VES1, with plans to reach 50 MWp by 2025 and 58 MWp by 2026, contributing to Vietnam's renewable energy goals [1] - The solar energy market in Vietnam is projected to grow significantly, with an estimated CAGR of 16% from 2023 to 2030, reaching a market size of $124 billion [1] Company Overview - Founder Group Limited specializes in solar energy solutions, particularly in the engineering, procurement, construction, and commissioning (EPCC) of solar power projects [1] - VES Joint Stock Company is a key player in the Vietnamese solar energy sector, focusing on the development and management of solar power projects [1] Market Trends - The Vietnamese solar energy market is expected to see substantial growth, with projections indicating a capacity increase to 33.47 TWh by 2032, reflecting a CAGR of 3.1% from 2024 to 2032 [1] - The government of Vietnam aims to achieve 15-20% of its energy from renewable sources by 2030, with a long-term goal of 80-85% by 2050 [1]
Founder Group 拟收购越南可再生能源公司，拓展东南亚市场业务