SN Power has been in Vietnam for 4 years and have learnt a lot about the country and the market. - We have not been able to identify an investment that works for us within the current regulatory environment, hence, we have decided to close our office, says Torger Lien, CEO of SN Power.
SN Power believes in the long term development of Vietnam and will continue to monitor the development of the energy market. SN Power may re-enter the market at a later stage should the commercial conditions change.
The SN Power Group invests in clean, renewable energy on commercial basis in emerging markets. The Group focuses on acquiring, developing, constructing and operating hydropower assets. It has operations in South-east Asia, Central America and Africa. The Group is a joint venture between Statkraft and Norfund. The SN Power Group has a multinational team of people employed globally in its operations and projects and is Headquartered in Oslo, Norway.