Gresham House Acquires Asia Clean Capital Vietnam (ACCV Pte) to Accelerate C&I Solar Expansion

Gresham House, a UK-headquartered specialist asset manager, has agreed to acquire Asia Clean Capital Vietnam Pte. Ltd. (ACCV Pte) from ACCV Holdings. One of Vietnam's leading C&I renewable energy developers, ACCV Pte holds an operational solar portfolio and a robust development pipeline serving multinational manufacturers. The deal follows the integration of SUSI Partners into Gresham House's Energy Transition division and positions ACCV Pte for accelerated growth in Vietnam's expanding clean energy market.

Transaction date: · Source: asiacleancapital.vn

Key facts

Transaction date
Transaction price
Not disclosed
Country
Vietnam
Location
Ho Chi Minh City
Continent
Asia
Development status
Operational
PPA
Yes

Technology details

Commercial and industrial (C&I) distributed renewable energy platform, primarily solar PV. Portfolio includes operating assets and a development pipeline. Battery energy storage (BESS) integration is part of the company's growth strategy. Direct Power Purchase Agreements (DPPAs) are also being pursued in line with Vietnam's evolving regulatory framework.

Power purchase agreement (PPA)

Long-term C&I Power Purchase Agreements (PPAs) with multinational manufacturers. Vietnam's Direct Power Purchase Agreement (DPPA) framework is also being leveraged as part of the growth strategy.

Additional information

ACCV Pte is one of Vietnam's leading C&I renewable energy developers, founded by Bruce Hicks. The acquisition follows the integration of SUSI Partners into Gresham House's Energy Transition division. Bruce Hicks will step down from his role following completion; the existing management team will remain. The transaction positions ACCV Pte to scale its operating portfolio and expand its development pipeline in Vietnam. Target clients are multinational manufacturers and export-oriented businesses seeking decarbonized power solutions. Capacity and price not disclosed.

Source

Original announcement: https://asiacleancapital.vn/en/asia-clean-capital-vietnam-acquired-by-gresham-house-to-accelerate-expansion-in-vietnam/

Related transactions

DateTransactionTechnologyCapacityCountryBuyerSeller
Levanta Renewables Acquires 80% Stake in 50MW Operational Onshore Wind Project in Gia Lai, Vietnam Onshore Wind 50 MW Vietnam Levanta Renewables –
Enviromena Acquires 27.5 MWp Parkgate Farm Solar Project near Braintree, Essex from Innova Renewables Solar PV 27.5 MW United Kingdom Enviromena Innova Renewables
IGNIS Sells 656 MW Renewable Energy Portfolio of 28 Projects in Italy to flyRen Energy Group (Foresight FEIP II) Solar PV, Battery Storage (BESS), Onshore Wind 656 MW Italy flyRen Energy Group IGNIS
Evecon Sells 220 MW Wind, 60 MWp Solar and 286 MWh BESS Hybrid Project in Marijampolė, Lithuania to Energix for €25.4 Million Onshore Wind, Solar PV, Battery Storage (BESS) 220 MW Lithuania Energix Evecon
Norfund and Impact Fund Denmark Acquire 49% Stake in Vena Energy's 500 MWp Ixus Bugallon Solar Project in Philippines Solar PV 500 MW Philippines Norfund, Impact Fund Denmark Vena Energy, Vena Group
Atmos Renewables Acquires 20 MWp Hughenden Solar Farm in Queensland from BayWa r.e. Solar PV 20 MW Australia Atmos Renewables BayWa r.e.
Atmos Renewables Acquires 106 MWp Yatpool Solar Farm in North-West Victoria from BayWa r.e. Solar PV 106 MW Australia Atmos Renewables BayWa r.e.
Daiwa Energy & Infrastructure Acquires 49% Stake in 157 MWp Elsterheide Solar and 80 MWh BESS in Saxony, Germany Solar PV, Battery Storage (BESS) 157 MW Germany Daiwa Energy & Infrastructure Ampyr Solar Europe

Explore more