CME Solar and Searefico ink cooperative partnership

May 25, 2023 | 13:47
(0) user say
With a shared commitment to reaching net-zero by 2050, Vietnamese renewable energy company CME Solar JSC has announced a new partnership with Searefico JSC, a leading national brand in engineering and technology, to promote rooftop solar across Vietnam.
CME Solar and Searefico ink cooperative partnership
CEO of Searefico JSC Vu Xuan Thuc and CEO of CME Solar Chung Dieu Tuan at the signing ceremony

Signed last week, and showing a clear commitment to achieving net-zero by 2050 and bringing the best green energy solutions to the nation's communities, the joint development agreement will see the two partners collaborate to produce 100 megawatt peak of rooftop solar installations across Vietnam with a total investment of around $200 million over the next few years.

The partnership aims to support CME Solar's aspirations of becoming a major nationwide investor in renewable energy. For Searefico, the joint venture represents a significant step towards its vision of becoming a leading constructor for the installation of solar in Vietnam.

The primary objective is to promote rooftop solar energy throughout the country. These systems provide significant benefits, including reducing dependence on traditional energy sources, cutting carbon emissions, and providing clean and sustainable electricity.

By expanding the market for rooftop solar energy, CME Solar, and Searefico are accelerating Vietnam's transition to renewable energy and contributing to the global effort to combat climate change.

CME Solar and Searefico ink cooperative partnership
One of the many industrial rooftop solar projects installed by CME Solar

Vu Xuan Thuc, CEO of Searefico JSC, stated that the partnership is inspired by Vietnam's strong climate action commitments and aims to support the country in achieving its carbon emissions targets and energy transition.

He expressed his excitement about collaborating with CME Solar, combining two strong partners with significant financial and technical attributes, a solid local platform, industry insight, and an experienced management team.

The joint venture offers efficient distributed solar energy solutions for both local and foreign-invested businesses. The parties are committed to leading the rooftop solar energy market, promoting innovation, and providing sustainable solutions to help Vietnam achieve its long-term environmental goals.

Chung Dieu Tuan, CEO of CME Solar, shared that he and his team are thrilled to be part of the effort to build a low-carbon future for Vietnam, and that the distributed solar energy solutions offered by the partnership will be ideal for local businesses, helping them meet their green energy demands while also reducing their electricity bills.

CME Solar and Searefico ink cooperative partnership
The joint venture's primary objective is to promote the installation of rooftop solar energy throughout Vietnam

Founded in 2018, CME Solar is an investment and development company specialising in renewable energy projects throughout Vietnam. With a strong financial foundation, it possesses the necessary resources to meet the increasing demands of the nation's rapidly developing solar energy market.

The company has the capabilities to address the challenges of this fast-growing market with its highly skilled technical team, nationwide presence, and ability to meet all customer requirements.

It has closely followed the net-zero roadmap since its establishment, aiming to reduce carbon emissions for communities and clients while also offering financial solutions that provide discounts when compared to the national grid.

Searefico JSC, one of the top 500 Vietnamese enterprises, is a leader in industrial refrigeration and mechanical and electrical engineering. With its vast experience in various sectors, and having completed 2,000 projects throughout the country, it will bring its profound knowledge and expertise to the partnership and complement CME Solar's focus on renewable energy.

CME Solar and Song Hong Garment promote green energy CME Solar and Song Hong Garment promote green energy

Known as a leading developer of green energy in Vietnam, CME Solar Company (CMES) has made efforts to accompany many enterprises in the textile, garment, and footwear industries in their transition to using green energy during their production.

By Mai An

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional