Thailand's Super Energy posts $55 mln H1 revenue in Vietnam
Thailand’s Super Energy Corporation recorded a revenue of THB1,938.4 million ($55.1 million) from its activities in Vietnam in the first half of this year, according to the firm's financial statement.
Of this, revenue from solar power projects reached THB1,707 million ($48.2 million), up 1.47% year-on-year, thanks to increased light intensity during the period.
Meanwhile, wind power made THB231.4 million ($6.9 million), up 14.89% year-on-year, thanks to better weather conditions leading to higher average wind speeds.
Thanks to this performance, Super Energy Corporation posted a gross profit of THB1,026.5 million ($29.1 million) from its activities in Vietnam, up 6.9% year-on-year. The figure included THB888.83 million ($25.2 million) from solar projects and THB137.63 million ($3.9 million) from wind energy.
Globally, Super Energy Corporation recorded a revenue of THB5,083 million ($143.3 million) in H1/2023, up 6.56% year-on-year. Of which, solar power projects in Thailand, its home country, accounted for the biggest portion of 49%, followed by solar power projects in Vietnam with 34%, waste-to-energy projects in Thailand with 9%, wind power projects in Vietnam with 4%, and other businesses with 4%. Its gross profit reached THB2,655.3 million ($75.2 million) in the period, up 6.4% year-on-year.
A Super Energy Corporation solar farm in Binh Thuan province, south-central Vietnam. Photo courtesy of the firm.
A major step for Super Energy Corporation in Vietnam in H1/2023 was completing the first phase sale of a 49% interest in Solar NT Holdings, which operates nine solar farms in Vietnam, to AC Energy Vietnam Investments Pte. Ltd., a subsidiary of the Philippines-based AC Energy Corporation (ACEN). The remaining phases of the sale are set to be completed in 2023, Super Energy Corporation said.
Entering Vietnam in 2017, Super Energy operates nine solar power projects with a total capacity of 836.72 MW, and one wind power project of 50 MW. Besides, four wind power projects in Vietnam totaling 421 MW are under construction or waiting for commercial operation date (COD) acceptance.
- Related News
- Read More
Vietnam infrastructure spending surges 40%
Vietnam’s infrastructure spending surged 40% year-on-year in the first half of the year, fuelled by fast-tracked approvals of projects amid provincial mergers; legal reforms granting provinces more decision-making authority over project approvals; and the streamlining of disbursement processes, write chief economist Michael Kokalari and senior analyst Thai Viet Trinh at VinaCapital.
Consulting - Thu, July 10, 2025 | 11:56 am GMT+7
Phu Quoc enters Travel + Leisure’s top luxury destinations
Phu Quoc’s presence in Travel + Leisure’s Asia-Pacific luxury travel rankings continues to affirm the island’s status as a world-class destination.
Companies - Thu, July 10, 2025 | 11:43 am GMT+7
July dividend wave hits Vietnamese market following AGM season
Ending the 2025 AGM season, a series of Vietnamese companies have announced dates for finalizing the list of shareholders eligible for dividends in July.
Finance - Thu, July 10, 2025 | 11:07 am GMT+7
Cordless technology leader TTI plans to expand manufacturing in southern Vietnam
Germany's Techtronic Industries Company Limited (TTI), a world leader in power tools and outdoor power equipment, wants to expand its Milwaukee plant in Ho Chi Minh City.
Industries - Thu, July 10, 2025 | 8:58 am GMT+7
Vietnam pledges support for AES investment in green energy
Vietnam will continue to facilitate foreign investment and business activities, including those by U.S. enterprises, in line with laws and the country’s evolving development needs, said Tran Luu Quang, Chairman of the Party Central Committee’s Commission for Policies and Strategies.
Companies - Wed, July 9, 2025 | 11:10 pm GMT+7
Tezuka Daisuke appointed as new general director of Aeon Vietnam
Aeon Group has appointed Tezuka Daisuke, who is in charge of its organization reform for fiscal year 2025, as general director of Aeon Vietnam Co., Ltd.
Companies - Wed, July 9, 2025 | 11:03 pm GMT+7
Vietnam mobilizes over $7 bln for Just Energy Transition
Vietnam has so far mobilized more than $7 billion for its Just Energy Transition agenda under the Political Declaration on the Just Energy Transition Partnership (JETP).
Companies - Wed, July 9, 2025 | 10:38 pm GMT+7
Thailand hopes to conclude US trade talks before new deadline
Thailand is optimistic that it can finalize a trade deal with the U.S. before the August 1 deadline to avoid a 36% tariff imposed by President Donald Trump, according to Finance Minister Pichai Chunhavajira.
Southeast Asia - Wed, July 9, 2025 | 10:34 pm GMT+7
Southeast Asia seeks additional tariff negotiations with US
Southeast Asia's biggest economies are preparing to intensify trade negotiations with the U.S. after being subjected to steep tariff rates, despite having made a series of last-minute proposals aimed at increasing imports and significantly reducing tariffs on U.S. goods.
Southeast Asia - Wed, July 9, 2025 | 10:31 pm GMT+7
Foreign capital massively flows into banking, securities stocks
Foreign investors net bought for the sixth consecutive session on the Vietnamese stock market Wednesday, to the tune of nearly VND2,000 billion ($76.5 million), focusing on banking and securities stocks.
Finance - Wed, July 9, 2025 | 10:17 pm GMT+7
Four new container terminals to be built in northern Vietnam economic hub
Prime Minister Pham Minh Chinh has granted in-principle approval for the development of four new container terminals at Lach Huyen Port in the northern city of Hai Phong.
Infrastructure - Wed, July 9, 2025 | 5:36 pm GMT+7
Sausage mogul eyes $5 bln green energy, cattle project in northern Vietnam
Mai Huy Tan, who founded and later sold the popular Duc Viet sausage brand, has proposed a $5 billion circular economy complex in Quang Ninh province, northern Vietnam.
Industries - Wed, July 9, 2025 | 5:14 pm GMT+7
Northern Vietnam urban-tourism project Cat Ba Amatina has new investor
Hanoi Anpha Real Estate Exchange Co., Ltd. (Hanoi Anpha) has become a major shareholder of Vinaconex ITC, the developer of the Cat Ba Amatina urban-tourism project in Hai Phong city, northern Vietnam.
Real Estate - Wed, July 9, 2025 | 2:57 pm GMT+7
Brazil’s leading food group JBS eyes turning Vietnam into global production hub
JBS, the world’s leading food processing company, is looking to transform Vietnam into a global and regional distribution and production center.
Industries - Wed, July 9, 2025 | 9:51 am GMT+7
Brazilian-backed payment solutions firm Alterosa MK plans expansion in Vietnam
Alterosa MK, a joint venture between Brazil’s Alterosa Group and MK Group of Vietnam, said it expects to receive more support from the two governments for investment expansion.
Finance - Wed, July 9, 2025 | 9:00 am GMT+7
USD price may reach VND26,400 in Q3, VND26,200 in Q4: UOB
Singaporean bank UOB's updated USD/VND projections are 26,400 in Q3/2025, 26,200 in Q4/2025, 26,000 in Q1/2026, and 25,800 in Q2/2026.
Economy - Wed, July 9, 2025 | 8:41 am GMT+7
