Denham Capital-backed Nexif Energy, a Southeast Asian independent power producer headquartered in Singapore, agreed to acquire a 94% stake in Song Giang Hydropower, which owns two run-of-river hydropower projects. Financial terms were not disclosed. “Nexif Energy welcomes the opportunity to develop this project and contribute to Vietnam’s rapidly growing renewable energy sector. This is an important step forward in achieving Nexif Energy’s objective of establishing itself as a leading power generation developer and investor in Asia and Australia. We look forward to acquiring and developing more projects in Vietnam and rest of our target markets,” Matthew Bartley, Nexif Energy Founder and Co-Chief Executive Officer.