A new joint venture between the Sumitomo Forestry Group and CME Solar, aimed at expanding the rooftop solar market in Vietnam. 

(Ho Chi Minh, 29 May, 2023) This strategic partnership marks a significant milestone in the Sumitomo Forestry Group’s efforts to expand its presence in the renewable energy sector, especially rooftop solar, and contribute to a greener future.

The Sumitomo Forestry Group, a global leader in various industries, has made a strategic decision to shift its focus towards renewable energy, recognizing the urgent need to mitigate climate change and transition to cleaner energy sources. With Vietnam's incredible potential for solar energy and its growing demand for sustainable solutions, The Sumitomo Forestry Group identified the country as a key market for rooftop solar development. 

To ensure the success of this ambitious venture, The Sumitomo Forestry Group sought a partner with a strong track record and unrivaled expertise in rooftop solar installations in Vietnam. After careful consideration, CME Solar emerged as the ideal choice for its remarkable technical knowledge, extensive experience, and unwavering commitment to meeting ESG (Environmental, Social, and Governance) standards.

CME Solar has long been recognized as a leader in the Vietnamese solar industry, renowned for its exceptional proficiency in rooftop solar installations. Their proven track record in executing successful projects and their comprehensive understanding of the technical intricacies and ESG requirements in Vietnam makes them an invaluable partner for The Sumitomo Forestry Group.

By pooling their resources, knowledge, and experience, The Sumitomo Forestry Group and CME Solar are primed to accelerate the development of rooftop solar installations in Vietnam. The primary goal of the joint venture is to drive the adoption of rooftop solar energy systems across Vietnam. These systems offer numerous benefits, including reducing reliance on traditional energy sources, lowering carbon emissions, and providing clean and sustainable electricity. Together, they will deliver cutting-edge solutions that meet the country's increasing energy demands while adhering to the highest ESG standards.

Both CMES and The Sumitomo Forestry Group share a common commitment to achieving Net Zero emissions by 2050. They are aligned in their core values of delivering the best green energy solutions to communities. Since its inception, CME Solar has consistently followed the Net Zero Roadmap, with a strong focus on reducing carbon emissions for both communities and clients. Additionally, CME Solar offers financial solutions that provide clients with cost advantages compared to relying solely on the national grid.

Both parties look forward to witnessing the positive impact of this joint venture as it contributes to the growth of rooftop solar installations in Vietnam and drives the adoption of clean energy solutions across the country.

About The Sumitomo Forestry Group:

Sumitomo Forestry, established in 1691, is a Japanese company with a rich history of over 300 years that provides various products and services related to wood and the #environment. The Sumitomo Forestry Group announced its long-term vision “Mission TREEING 2030” and is focused on initiatives to realize a decarbonized society. Implementing the Sumitomo Forestry’s “wood cycle,” which is a value chain centered on wood, from forest management to procurement and manufacturing of timber and building materials, contracting for detached houses and medium-to large-scale wooden constructions, real estate development, and biomass power generation, makes it possible to increase the amount of CO2 absorbed by forests and continue to store carbon for extended periods through the use of timber in construction. Sumitomo Forestry will contribute to decarbonization not only within its group but also in the operations of its customers and trading partners and society as a whole by implementing this “wood cycle.”[DO2] 

About CME Solar Investments: Founded in 2018, CME Solar is an investment and development company specializing in renewable energy projects throughout Vietnam. With a strong financial foundation, CME Solar possesses the necessary resources to meet the increasing demand of the rapidly developing solar energy market nationwide. CME Solar 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. Committed to providing optimal energy solutions for the benefit of both customers and the local community, CME Solar is dedicated to delivering high-quality renewable energy solutions.

For more details: https://vir.com.vn/cme-solar-and-sumitomo-forestry-sign-agreement-to-promote-rooftop-solar-102727.html