EDF Renewables invests in solar power in Vietnam

Illustrative photo (Source: VNA)

HCM City (VNA) – French renewable energy producer EDF Renewables has made a significant investment in SkyX Energy, which is a subsidiary of VinaCapital Group and the owner of rooftop solar power plant SkyX Solar.

Assisted by the new partnership, SkyX Solar is expected to invest at least 100 million USD in developing 200 more MWp of solar rooftop electricity within the next two to three years, serving industrial and commercial customers.

Samresh Kumar, Executive Chairman and CEO of SkyX Solar, said the company currently has about 100MWp of rooftop solar power under development and operation.

The firm plans to cooperate with industrial parks in Vietnam to exploit hundreds of MW of rooftop solar power in the coming time, he said, adding that EDF Renewables’ experience and resources are hoped to boost SkyX Solar’s expansion quickly.

Yalim Ozilhan, Southeast Asia Regional Director of EDF Renewables, said that renewable energy sees great potential for development in Vietnam. With the strength of rooftop solar power solutions globally, EDF is very interested and wishes to invest in expanding its scope of operations in the market, he added.

In early 2021, the French group sealed a cooperation deal to invest in two wind power plants in the Central Highlands provinces of Dak Lak./.

VNA