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Tag: rooftop

  • French energy company invests in Vietnam rooftop solar developer

    French energy company invests in Vietnam rooftop solar developer

    French company EDF Renewables has made an undisclosed investment into a rooftop solar power developer subsidiary of VinaCapital, seeking to profit from the booming industry in Vietnam.

    With the investment SkyX Energy, the holding company of SkyX Solar that has 30 megawatt-peak of solar projects under operation, plans to invest more than $100 million into further develop 200 megawatt-peak of rooftop solar and distribute energy solar projects for customers over the next few years, VinaCapital stated.

    “The potential for renewables in Vietnam is enormous, and we are keen to expand our footprint in the country by drawing on our global know-how in rooftop solar solutions,” said Yalim Ozilhan, Southeast Asia director of EDF Renewables.

    In recent years, Vietnams’ rooftop solar energy sector has grown from virtually nothing into Southeast Asia’s leading solar market, with cumulative rooftop solar capacity totaling 9.3 gigawatts by the end of last year, VinaCapital said.

    EDF Renewables is an international leader in renewable energies, with a gross installed capacity of 13.8 gigawatts worldwide.

    SkyX Solar invests, designs, builds and operates solar systems for its commercial and industrial customers in Vietnam.

    Founded in 2003, VinaCapital is a leading investment management firm headquartered in HCMC, with a diversified portfolio of over $3.7 billion in assets under management.

  • Dusit Thani Shares More News about Bangkok Developments

    Dusit Thani Shares More News about Bangkok Developments

    More details have been revealed about the massive mixed-use development planned for downtown Bangkok on the high-profile site of the former Dusit Thani Hotel.

    Dusit Thani, the Thai hotel and property development company, is partnering with Central Pattana, which owns the Central retail and mall businesses, in the development, located a stone’s throw from the Sala Daeng skytrain station, adjacent to Rama 4 Road and Lumpini Park.

    Scheduled for completion in 2024, the US$1.15 billion development will comprise 440,000sqm of prime real estate, including a new Dusit Thani hotel, luxury residences, a modern office tower and a high-end shopping mall.

    The development will open in three stages, firstly the 39-story hotel building, followed by Central Park Offices, whose 90,000sqm will be fitted out as a technology hub.

    The 80,000sqm mall, to be called Central Park, is designed to interconnect with all elements of the development as well as the skytrain and adjacent underground railway stations. It will feature a rooftop park. Both the offices and mall are scheduled for completion in 2023.

    The final part of the project, a 69-storey residential tower which is divided into two sections – Dusit Residences and Dusit Parkside – will be completed subsequently.

    “We aim to deliver a one-of-a-kind mixed-use project that blends heritage and innovation, connects all important infrastructure and transportation, embraces a green concept reflecting our prime position opposite Lumpini Park, and delivers enduring value for all our stakeholders,” said Suphajee Suthumpun, group CEO of Dusit Thani Public Company.

    “By blending the best of Thai design and hospitality with international standards of service, we will create a new city landmark that reflects our past, embraces our present, and anticipates the future. By doing so, we will continue the legacy of Dusit Thani Bangkok following the same principles Thanpuying Chanut Piyaoui had when she founded the hotel — to be bold and do great things, to create things that never existed before, and to always have a positive impact.”

    Suthumpun said the development aimed to “revolutionise the way people shop, dine, work, live and stay” in the area.

    Wallaya Chirathivat, deputy CEO of Central Pattana said Dusit Central Park will connect four Bangkok neighbourhoods in four directions – Ratchaprasong (north), Charoenkrung (south), Sukhumvit (east), and Yaowarat (west), in doing so creating “a new junction where old meets new, and financial meets commercial”.