Skye Renewables Buys Fourth Partner Energy's Vietnam Solar Portfolio
What Happened
Singapore-based Skye Renewables has acquired Fourth Partner Energy's (FPEL) Vietnam business, including its rooftop solar projects serving corporate clients such as Delta Galil, Freewell, Vinsmart, Tuico and KYT. The deal marks FPEL's complete exit from Vietnam after four years in the market.
Key Takeaways
The acquisition strengthens Skye Renewables' presence in Vietnam and supports its broader Southeast Asia expansion plans, while FPEL will redeploy capital toward its core growth markets in India and continue operations in Bangladesh, Sri Lanka and Indonesia.