Thailand’s Super Energy sees 2023 Vietnam revenue flat at $102 mln
Thailand’s Super Energy Corporation recorded 2023 revenues of THB3,655.6 million ($102.1 million) in Vietnam, down 0.07% year-on-year, according to the firm’s financial statement.
Nine solar power projects with a combined output of 836.72 MW earned revenues of THB3,200.8 million ($89.4 million), down 1.41% year-on-year. Super Energy attributed this to a slight reduction in light intensity.
Its 50MW wind power project recorded revenues of THB454.8 million ($13.5 million), up 10.5%, thanks to higher average wind speed.
Super Energy has four upcoming projects totaling 421 MW.
Super Energy's wind power plant in Gia Lai province, Vietnam's Central Highlands. Photo courtesy of Thanh Nien (Young People) newspaper.
Gross profit from its Vietnam solar power projects reached THB1,544.3 million ($43.1 million), while the wind power project earned THB274 million ($7.7 million).
Super Energy said it had suffered a foreign exchange loss of THB881 million ($24.6 million) in 2023 because of unfavorable dong rates against the greenback.
Globally, Super Energy recorded revenues of THB9,361.1 million ($209.5 million) in 2023, up 4.85% year-on-year. Its Vietnam operations accounted for 37.2% of the total.
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