Bamboo Capital Group, a multi-sector investment company in Vietnam, is planning to develop 652 MW of wind energy projects in the 2020-2022 period. The company has allocated VND14 trillion ($603.45 million) to this end. The company also has plans to build a 300 MW plant in Ca Mau. Extensively present in the real estate space, BCG Capital diversified into the wind power segment through its subsidiary BCG Energy with the 50 MW BCG Soc Trang Wind and 100 MW Aurai Vung Tau.
BCG Capital is also present in the solar power segment and has already successfully implemented several renewable energy projects such as BCG-CME Long An 1 and 2 solar power plants in Long An with a capacity of 140 MW and the Phu My solar power plant with a capacity of 330 MW. These projects are expected to fetch significant profits from 2021 onwards. The company is keen to explore more investment opportunities in this space with plans to purchase 900 MW of solar and wind energy plants to become one of the biggest renewable energy developers in Vietnam.
BCG Capital reported VND522 billion (US$22.56 million) in net revenues and VND27 billion ($1.16 million) in after-tax profit in the first half of the year. While a year-on-year increase of 30.1 per cent was reported in revenues, the company’s year-on-year profits decreased by 64 per cent. BCG’s shares rose by 6.27 per cent to VND6,950 each at 10:00 local Vietnamese time on August 10, 2020.