Nami Distributed Energy secures Clime Capital funding amid Vietnam policy breakthrough

This investment, facilitated through the Southeast Asia Clean Energy Fund II (SEACEF II), aims to support Nami’s accelerated growth and positive impact on Vietnamese businesses. Nami is offering innovative distributed energy solutions for commercial and industrial clients in Vietnam.

The investment comes as Vietnam experiences a breakthrough in energy policy with the introduction of legislation on Direct Power Purchase Agreements (DPPA). The legislation creates significant opportunities for both distributed (direct line) and grid-connected, cost-effective renewable energy. With the new investment, Nami is well positioned to leverage its strong foundation of people, sector expertise, and extensive pipeline projects to deliver effective rooftop solar and other on-site energy solutions on a large scale to commercial and industrial customers across the country.

Nami Distributed Energy is a subsidiary of Nami Energy, founded by Vietnamese investors with extensive experience in the local energy sector. Its solar energy and other on-site solutions such as battery storage and energy efficiency measures enable businesses to access lower-cost and sustainable power without any upfront or ongoing expenses. The company is quickly expanding its pipeline projects with large customers, and deploying installations nationwide.

Luu Hoang Ha, chairman of Nami Distributed Energy, said, “We are excited to partner with Clime Capital to bring the benefits of distributed energy to a broader range of businesses, helping them achieve their decarbonisation and sustainable growth goals. Clime Capital's investment in Nami underscores their confidence in our team, practices, and corporate governance, all central to our green business mission. This investment, along with our extensive and rapidly growing project pipeline, positions us perfectly for the next funding round and expansion. With the Vietnamese government committed to carbon neutrality by 2050, we stand ready to collaborate with Clime Capital and other stakeholders to create even more positive impacts on our customers and the environment.”

Joshua Kramer, chief investment officer at Clime Capital, said, “Nami is well positioned to lead innovation in Vietnam’s dynamic and fast-evolving power market at a juncture where the country has introduced new opportunities to lead the low carbon transition in Southeast Asia. The SEACEF II investment in Nami underscores how we support clean energy leaders that have the potential to achieve transformational impact in their markets.”

Mason Wallick, CEO at Clime Capital, said, “We welcome the opportunity to support the expansion of Nami Distributed Energy’s ground-breaking clean energy model in Vietnam. This significant funding provides a double benefit of growing competitive renewable energy facilities while boosting Vietnam’s progress towards its 2050 decarbonisation target.”

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