Ho Chi Minh, Vietnam–(Newsfile Corp. – November 25, 2021) – Driven by the growing importance of sustainability investing and the large opportunity presented by the Vietnam market as well as strong policy supports from the government, several green power developers are gearing up to expand their operations by partnering with global investors who are increasingly evincing interest in Vietnam’s renewable energy.
CME Solar Investments
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8203/104826_respon2.jpg
Recently, CME Solar Investments (CMES), one of the country’s leading renewable energy developers, has completed the transaction of debt financing from a leading impact investment fund responsAbility Investments AG (responsAbility).
The financing package is to support CMES to promote green power for C&I segment in Vietnam as the company plans to expand a significant number of projects which will allow its clients to directly consume green energy through business model “Zero Cost Investment”.
Founded in 2018, CME Group cements its position in the market with a good track record. So far, the company has served over 100 clients across 20 industries. Only three years since its establishment, over 200 million MWp have been installed and over 2GWh electricity generated each year.
CMES is backed by Vietnam Oman Investment Fund, a sovereign fund established by Oman Investment Authority and State Capital Investment Corporation of Vietnam. The company follows the United Nations Sustainable Development Goals to end poverty, protect the planet and ensure that its development balance social, economic, and environmental sustainability.
As a leading sustainable asset manager headquartered in Zurich, Switzerland, responsAbility manages USD 3.5 bn of assets invested in over 250 fully ESG-managed companies across 68 emerging economies. Since the company’s inception in 2003, responsAbility-managed funds have disbursed more than USD 10 bn in private debt and private equity to companies in the financial inclusion, sustainable food and climate finance sectors whose business models directly support the United Nation’s Sustainable Development Goals.
Virtual Signing Ceremony between CME and responsAbility
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8203/104826_respon4.jpg
Leveraging strengths to make difference
The renewable energy sector gets wide approbation globally and Vietnam is no exception. As of December 2020, the total installed capacity of solar power across the country reached about 19,400 MWp, according to statistics of Vietnam Electricty.
The three-year-old company provides “end to end solutions” with strong capabilities across the value chain design – engineering – procurement – O&M leads to control over …….
Source: https://finance.yahoo.com/news/cme-solar-investments-partners-responsability-082800421.html