RoK firm invests 200 million USD in solar power in Vietnam

Illustrative image (Photo: Nami Solar)

HCM City (VNA) – Nami Solar, a subsidiary ofVietnam’s Nami Energy company, and SK Ecoplant, a member of the Republic ofKorea’s conglomerate SK Group, sealed a joint venture deal on January 24 topump 200 million USD into solar energy development in Vietnam.

The money is earmarked for building a 250 MWp rooftop solar powerproject in Vietnam.

According to a representative from Nami Energy, both the Vietnamese and RoK Governments highly value programmes in response to climate change, recovery,and green growth. Vietnam has pledged to be carbon neutral by 2050, while the RoKhas vowed to cut carbon emissions by 40 percent by 2030.

The joint venture expected that solar power development willhelp concretise high-level commitments of the two governments. At the sametime, it will assist SK Ecoplant in realising its goal of becoming a major renewableenergy investor in the world, and Nami Solar in becoming a leading company indistributed solar power in Vietnam.

Nami Energy Founder and Chairman Luu Hoang Ha saiddistributed solar power solutions provided by the joint venture between SKEcoplant and Nami Energy will support businesses in Vietnam,including Korean investors, in meeting their green energy needs and saving energy costs./.

VNA