would be close to 100 MW in total in 2018 .” The company is expanding rapidly in Southeast Asia and has just launched in Vietnam and India . In India , UPC just became an owner of two in-construction solar projects , totaling almost 100MW - the first projects for its regional solar initiative .

“ We are focusing on solar in a large number of countries in Southeast Asia . India and Vietnam are two of them , Vietnam also looks like a good wind market over the medium term . We expect to be able to get into some additional countries at least on the solar side over the next year .”

The year UPC Renewables was founded

“ In

Indonesia , there ’ s only one utility – PLN ,” he says . “ But in China , you sell to one of the grid companies . In Vietnam , it ’ s the same – one , big state utility . There are a few different models in Australia .

“ You have private parties with more potential different players , but you also might have a state government giving you a longterm contract for differences .”

He claims UPC is eyeing at least six more new projects over the next 18 months in Australia and Indonesia and while each country has its own

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