Asia Clean Capital Vietnam acquired by Gresham House to accelerate expansion in Vietnam

The transaction marks a significant milestone in ACCV Pte’s development and positions the company for its next phase of growth in one of Asia’s most dynamic energy markets, the firm said in a press release.

Founded by Bruce Hicks several years ago, ACCV Pte has grown into one of Vietnam’s leading commercial and industrial (C&I) renewable energy developers. 

The company has built a high-quality portfolio of operating assets, a robust development pipeline, and long-term partnerships with leading multinational manufacturers seeking secure, cost-effective, and decarbonized power solutions.

Multinational manufacturers and export-oriented businesses operating in Vietnam are increasingly focused on energy security, price stability, and carbon reduction. 

As global supply chains continue to prioritize ESG performance, demand for distributed renewable energy solutions is accelerating.

Vietnam’s economy continues to expand at one of the fastest rates in Southeast Asia, driven by sustained foreign direct investment and export-led industrial growth. 

Rising electricity demand, combined with the government’s commitment to decarbonization and renewable energy including the roll-out of Direct Power Purchase Agreements (DPPA) and the integration of battery energy storage (BESS), is creating substantial opportunities for private sector clean energy providers.

ACCV Pte is well positioned to capture this growth.

“This transaction validates the strength of the platform we built,” said founder Hicks. 

“ACCV Pte has a proven team, strong client relationships, and clear growth visibility. 

"Gresham House brings long-term institutional capital and deep experience in sustainable infrastructure investing. 

"With Gresham House’s support, ACCV Pte is well positioned to scale its operating portfolio, expand its development pipeline, and capitalize on emerging opportunities in Vietnam’s rapidly evolving renewable energy landscape.”

Wymen Chan, head of energy transition, Asia, at Gresham House, commented that ACCV Pte represents exactly the type of platform his firm seek to back — a disciplined, market-leading team operating in a structurally high-growth environment. 

“Vietnam’s rapidly expanding industrial sector, rising energy demand, and supportive renewable energy policy create an outstanding growth backdrop,” Chan said. 

“We are excited to back the team to expand the business, deepen client relationships, and deploy long-term capital into high-quality clean energy assets.”

Following completion, Hicks will step down from his role. 

Gresham House will work alongside the existing management team to expand ACCV Pte’s operating portfolio and development pipeline.

With the support of Gresham House’s capital access and infrastructure expertise, ACCV Pte is positioned to accelerate deployment and play a leading role in Vietnam’s clean energy transition.