Scatec sells wind farm in Vietnam for $27 million with potential earn-out payments.

From GlobeNewswire: 2024-09-13 00:04:40

Scatec ASA, a renewable energy provider, has agreed to sell the 39-megawatt Dam Nai Wind farm in Vietnam to SARA for $27 million upfront and potential earn-out payments of up to $13 million. The sale aligns with Scatec’s strategy to optimize its portfolio. The wind farm has generated a cash flow of $14 million since Scatec acquired it in 2021. The transaction is expected to close in the first half of 2025, pending regulatory approvals. Scatec will exit all operations in Vietnam, incurring exit costs of approximately $4.5 million. Dam Nai Wind has 15 Siemens wind turbines with a total capacity of 39 MW.



Read more at GlobeNewswire: Scatec to sell wind plant in Vietnam to SUSI Asia Energy