The partnership between CME Solar and Sumitomo has a primary goal of fostering the widespread adoption of rooftop solar installations in Vietnam. Through the synergy of their combined resources, expertise, and a shared dedication to customer satisfaction, the joint venture, known as CME Sumirin, seeks to offer comprehensive energy solutions that advance sustainability and resilience in Vietnam with focus on Japaneses business in Vietnam.
CME Sumirin endeavors to achieve this objective by delivering innovative rooftop solar solutions that align with the country's long-term environmental goals. Recognizing the urgency of taking immediate action to yield tangible outcomes, the joint venture aims to support Vietnam's transition towards a decarbonized society by 2050.
By leveraging their respective strengths and integrating them into the Sumitomo ecosystem, the CME Sumirin joint venture aims to play a pivotal role in expediting the growth of rooftop photovoltaic systems. Through this accelerated growth, the joint venture can effectively address environmental challenges and contribute to creating a safer and more secure world for both present and future generations.
About Sumitomo Forestry
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.”
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