CME and Vista Global sign rooftop solar energy agreement

The joint venture agreement, signed on August 22 but announced on September 4, marks a milestone in both parties' commitment to sustainable energy and supporting Vietnam's transition to a low-carbon economy.

The partnership will be called CME-Vista and will aim to combine the expertise, resources, and technologies of both parties to accelerate the development of solar energy projects in Vietnam.

Drawing on its extensive experience from investing and deploying 5,000MWp of solar projects globally, CME-Vista has established a robust foundation of financial and technical capabilities, primed to enhance the deployment of rooftop solar systems nationwide.

By merging Vista Global and Samsung C&T’s advanced technical, and financial expertise with CME’s in-depth local knowledge of implementation, the partnership aims to deliver high-performance solar solutions that effectively address Vietnam’s increasing energy demands.

This agreement underscores Samsung C&T’s broader commitment to sustainability and environmental stewardship, actively contributing to global efforts to combat climate change and promote renewable energy.

The partnership marks the beginning of a new chapter in Vietnam’s energy landscape, as CME and Samsung C&T join forces with a shared commitment to achieving net-zero emissions by 2050. United by a dedication to innovation and sustainability, both companies are well-positioned to lead the rooftop solar revolution in Vietnam.

As this joint venture progresses, it will be closely watched by industry stakeholders, policymakers, and the global renewable energy community. Both CME and Samsung C&T are eager to witness the positive impact of their collaboration, anticipating a substantial contribution to the growth of rooftop solar installations in Vietnam and the accelerated adoption of clean energy solutions nationwide.

Samsung C&T Corporation, founded in 1938, is a global corporation with four business groups: engineering and construction, trading and investment, fashion, and resorts. It has evolved into a major player in the global construction industry with remarkable projects including the Burj Khalifa in Dubai, the Petronas Towers in Kuala Lumpur, and Incheon Grand Bridge.

Norsk Solar signs deal with CME Solar to promote solar energy solutions Norway's Norsk Solar has inked a deal with Vietnam's CME Solar to advance renewable energy initiatives in Vietnam, especially solar energy solutions in the country.

CME Solar welcomes injection of $20 million from the responsiAbility Investments Fund A long-term senior secured debt financing contract worth up to $20 million was signed last week by responsAbility Investments and CME Solar Investment.

Sao Do Group and CME Solar Company to invest in rooftop solar in Nam Dinh Vu IP In pursuit of the government's sustainable development objectives, Sao Do Group and CME Solar Investment JSC (CME Solar) have joined forces to invest in a rooftop solar power system within Nam Dinh Vu Industrial Park (IP) in Haiphong.

Shaping Vietnam’s energy future with distributed solar power The government’s firm dedication to attaining net-zero emissions by 2050 is grounded in the actual progress of renewable energy development in Vietnam. Notably, rooftop solar power assumes a crucial position in the resource composition of green energy exploitation.