Allens has advised Iberdrola, a global energy leader, on the acquisition of two Vietnamese subsidiaries of German renewable energy group Sowitec.
The transaction includes a 550 MW pipeline of green assets, comprising five onshore wind farms and one floating solar project under development.
‘This is a significant transaction and is consistent with the increasing interest from foreign investors in wind and solar power in Vietnam in recent years,’ said lead Partner Melissa Keane.
‘We are pleased to support Iberdrola in its growth as a renewable energy leader across the Asia Pacific and build on the work we have done for the business in Australia.’
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