Solar

CME SOLAR FOOTBALL DAY

Tran Khoa — Wed, 10 Jan 2024 15:29:10 +0000

CME SOLAR FOOTBALL DAY Tran Khoa Wed, 01/10/2024 - 22:29

Last Saturday, CME Solar Squad joined the exciting football tour managemnet! CME Solar has shown dedication both on and off the field, and we're proud to celebrate our achievement of securing third place in the Serie B game. At CME Solar, we believe in working hard and playing hard, and this accomplishment is a testament to our commitment -well done team.

Special thanks to Austdoor Group for organizing this event, fostering good health, and strengthening our bonds with one another.

Work hard, play hard!

25 min Read

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NORSK SOLAR SIGNS DEAL WITH CME SOLAR TO PROMOTE SOLAR ENERGY SOLUTIONS

Tran Khoa — Wed, 10 Jan 2024 15:08:41 +0000

NORSK SOLAR SIGNS DEAL WITH CME SOLAR TO PROMOTE SOLAR ENERGY SOLUTIONS Tran Khoa Wed, 01/10/2024 - 22:08

Press

Mata Energy Co. Ltd - a joint venture between CME Solar and Norsk Solar established on 24th July 2023 while TWO market leaders with ONE mission - to safeguard Mother Earth!

Backed by Nor Fund and Finn Fund, a major Nordic sovereign wealth, Norsk Solar was established since 2017 operating in 4 countries and 3 continents with a total operating capacity of 100 MWH, and entered the Vietnam market since 2020.

Established in 2019, and headquartered in Ho Chi Minh City, CME Solar is a leading player C&I distributed energy market in Vietnam and Cambodia, with over 150 MWp operating rooftop solar projects and 120 MWp operating capacity as of August 2023 and significant C&I clientele, including Foxconn, LG, Hwaseung, Lotte and Puratos.

Mata Energy Co. Ltd - a joint venture between CME Solar and Norsk Solar

To further strengthen our market leadership and expansion in other key ASEAN markets such as the Phillippines and Indonesia, CMES has been actively establishing joint ventures with strategic partners in separated market segments and pursuing regional M&A transactions leveraging on market coverage of the JV partners and M&A targets, and CME’s centers of excellence in technical, financing, business development, project managemnet and O&M. We are proud to announce the establishment of Mata Energy Co., Ltd with Norsk Solar on 24th July 2023. This is our second joint venture after the first joint venture, which was established on May 29th, 2023 with Sumitomo Forestry.

Let’s club hands with CME Solar and our partners to flight climate change and make Southeast Asia a greener home for the next generations.

22 min Read

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AN VI LTD. EMBRACES GREEN ENERGY WITH NEW SOLAR PROJECT IN AN GIANG PROVINCE

Tran Khoa — Wed, 10 Jan 2024 14:46:21 +0000

AN VI LTD. EMBRACES GREEN ENERGY WITH NEW SOLAR PROJECT IN AN GIANG PROVINCE Tran Khoa Wed, 01/10/2024 - 21:46

Press

We are thrilled to announce that An Vi Ltd., a leading client in the feeding industry, has made a remarkable leap towards sustainability by switching to green energy. An Vi Ltd. has recently launched a new solar project in An Giang Province, showcasing its commitment to environmental responsibility.

The solar project, fully invested by CME Solar boasts an impressive capacity of 1.5 MWp (megawatt peak), capable of generating 2 megawatt-hours (MWh) of clean energy annually. This significant investment not only allows An Vi Ltd to significantly reduce its energy costs but also makes a substantial positive impact on the environment.

By utilizing solar energy, An Vi Ltd. will contribute to a considerable reduction in CO2 emissions. It is estimated that this solar project will help the company mitigate up to 1,577 tons of CO2 emissions each year. Such a substantial decrease in greenhouse gas emissions plays a crucial role in combating climate change and preserving our planet for future generations.

Moreover, the decision to switch to solar energy provides An Vi Ltd. with a competitive advantage in the market. By embracing sustainable practices, the company can position itself as an environmentally responsible business, appealing to conscientious consumers. This newfound advantage opens doors for An Vi Ltd. to explore and expand its feeding product exports even in challenging markets.

The team at CME Solar is excited about this transition to green energy and the positive impact it will have on both the company's operations and the environment. As a responsible corporate citizen, An Vi Ltd. remains committed to prioritizing sustainability and actively contributing to a greener and more sustainable future.

Let's celebrate this remarkable achievement and support An Vi Ltd. as they continue their journey towards a greener future!

18 min Read

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A SNAPSHOT OF ESG IN VIETNAM

Tran Khoa — Wed, 10 Jan 2024 10:45:45 +0000

A SNAPSHOT OF ESG IN VIETNAM Tran Khoa Wed, 01/10/2024 - 17:45

To keep pace with growing demand in the area of ESG, companies should stay informed about the applicable ESG legal framework and current ESG practices, and periodically measure their current ESG performance against such requirements and practices.

Internal News

Environmental, Social and Governance are the three key pillars for a company conducting its business sustainably and responsibly.

21 min Read

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Reference

https://www.allens.com.au/insights-news/insights/2022/08/a-snapshot-of-esg-in-v…

VICE - CHAIRMAN OF CME SOLAR JOINED FINANCE AND GOVERNANCE ACCELERATORS FOR A JUST ENERGY TRANSITION HOSTED BY THE UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP) IN VIETNAM

Tran Khoa — Wed, 10 Jan 2024 09:14:29 +0000

VICE - CHAIRMAN OF CME SOLAR JOINED FINANCE AND GOVERNANCE ACCELERATORS FOR A JUST ENERGY TRANSITION HOSTED BY THE UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP) IN VIETNAM Tran Khoa Wed, 01/10/2024 - 16:14

Internal News

This discussion will cover the broader context of development funding, the role of local and international finance, the lessons learned from international experience, and domestic policy ideas that might promote a fair energy transition.

"The unifying thread that will run through every session of the conference is the imperative of maintaining a laser focus on equity and inclusion in the design and implementation of policies responding to deeply interrelated crises," said Wignaraja.

Policymakers and experts in the fields of finance and energy transition will also participate in the discussion to provide policy recommendations and the role of green public development banks in speeding climate action, including:

Pham Xuan Hoe, former deputy director, Institute for Banking Strategy and Policy, State Bank of Vietnam
Prof. Ulrich Volz and Prof. Thomas Marois, University of London
John Rockhold, president, Pacific Rim Investment & Management
Michele Wee, CEO, Standard Chartered Bank Vietnam
Diana Barrowclough, senior economist, Barrowclough
Pham Nguyen Ngoc Thuong, deputy CEO and CFO, BCG Energy
Bui Trung Kien, vice chairman, CME Solar Investment

22 min Read

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CME SOLAR SECURES USD 20 MILLION INVESTMENT FROM RESPONSABILITY CLIMATE FUNDS

Tran Khoa — Tue, 15 Aug 2023 15:16:21 +0000

CME SOLAR SECURES USD 20 MILLION INVESTMENT FROM RESPONSABILITY CLIMATE FUNDS Tran Khoa Tue, 08/15/2023 - 22:16

Press

Ho Chi Minh City / Zurich 15 August, 2023 — Vietnam-based solar power developer, CME Solar Investments (CME Solar), has obtained 20 million USD as long-term senior secured financing from the Swiss-based global impact investor, responsAbility. This investment represents responsAbility's most substantial commitment to climate financing to date, bringing the total investment in CME Solar to USD 32 million by 2023. The success of their initial investment two years ago, marked by CME Solar’s technical achievements and adherence to environmental and social standards, has provided a solid foundation for this continued collaboration with responsAbility.

CME Solar, established 4 years ago, is a member of the CME Group and is recognized as the rapidly advancing solar entity in the Vietnam market. The company predominantly invests in and promotes rooftop solar solutions tailored for the Commercial and Industrial (C&I) sector in Vietnam. By mid-2023, CME Solar had installed up to 100 Megawatts Peak (MWp) and has plans to add another 150 MWp in 2024. In line with its operations, CME Solar is dedicated to adhering to the environmental and social (E&S) standards, aiming to balance social welfare, economic growth, and environmental protection.

Debt financing and expansion

Following responsAbility's initial debt funding in 2021, CME Solar has consistently met its obligations to its investors. responsAbility has therefore provided an additional facility of USD 20 million in the form of long-term senior secured debt financing to be split in 2 phases (Phase 1 for USD 12.8 million and Phase 2 for USD 7.2 million). A notable project funded by this initiative is the Foxconn Solar Project in Bac Giang - Bac Ninh, Vietnam, boasting a capacity of 31.5 MWp, which is substantial enough to power approximately 40 million kWh and save up to 20,000 tons of CO2 annually. This project adopted advanced N-type PV technology throughout and emphasized Health, Safety, and Environment (HSE) standards. Completed in just three months without any environmental Incidents, the success of the Foxconn project and others in Vietnam reflects the strong partnership between responsAbility and CME Solar.

Enhancing solar initiatives across Vietnam

After this recent round of financial support, responsAbility’s total investment in CME Solar stands at around 32 million USD. This ranks as one of the most significant investments in a non-financial institution in Vietnam as of 2023. Both parties are committed to the ongoing development of solar power systems, anticipating continued environmental benefits.

Chung Dieu Tuan, CEO of CME Solar Investments

Supporting Vietnam’s solar ambitions

The additional funds enable CME Solar to tackle a range of projects, primarily aimed at improving commercial and industrial (C&I) solar initiatives across a wide spectrum of sectors in Vietnam. This includes manufacturing, electronics, food, beverages, and textiles. The goal is to launch with an impressive capacity of 50 MWp. This substantial capacity not only contributes to the reduction of about 30,000 tons of CO2 annually but also allows end-users to claim around 62,000 Renewable Energy Certificates (REC). This effort, aligned with the UN's Net Zero targets, underscores the commitment to a more sustainable and eco-friendly future.

CEO’s vision for Vietnam’s solar growth

Chung Dieu Tuan, CEO of CME Solar Investments, sees a growing demand for rooftop solar installations in Vietnam, particularly within the FDI manufacturing sectors like electronics, semiconductors, garments, textiles, and global MNC consumer areas. Tuan cites government support as a driving factor for the potential expansion of rooftop solar energy in Vietnam over the next decade. He also appreciates the efforts of his team in adhering to international standards in all projects and believes CME Solar is on track to meet its targets this year.

responsAbility’s commitment to impact investing partnerships

Stefan Issler, Head of Climate Finance Direct Investments stated, "Our investment in CME Solar emphasizes our dedication to renewable energy. Drawing from our past experiences, we recognize the value of partnerships in advancing impact investing. We're confident about the potential of Vietnam's solar market, particularly with C&I consumers aiming to streamline operational costs. CME Solar has built a commendable network in Vietnam, collaborating with recognized offtakers like Foxconn and LG. Our financial backing for CME Solar aims to fill a pivotal funding need in a sector crucial for both economic and societal progression.

responsAbility Investments AG is a leading impact asset manager specializing in private market investments across three investment themes to directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. All responsAbility investment solutions target specific measurable impact alongside market returns. Since its inception in 2003, responsAbility has deployed over USD 13 billion in impact investments. With over 200 employees collaborating across seven offices, as of 1 March 2023 the company manages USD 4.8 billion in assets across approximately 280 portfolio companies in 74 countries. Since 2022 responsAbility is part of M&G plc, the international savings, and investments business, and contributes to enhancing M&G's capabilities in impact investing.

22 min Read

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A NEW JOINT VENTURE BETWEEN THE SUMITOMO FORESTRY GROUP AND CME SOLAR, AIMED AT EXPANDING THE ROOFTOP SOLAR MARKET IN VIETNAM

Tran Khoa — Mon, 29 May 2023 15:03:49 +0000

A NEW JOINT VENTURE BETWEEN THE SUMITOMO FORESTRY GROUP AND CME SOLAR, AIMED AT EXPANDING THE ROOFTOP SOLAR MARKET IN VIETNAM Tran Khoa Mon, 05/29/2023 - 22:03

Press

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

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 CMES and The Sumitomo Forestry Group share a common commitment to achieving Net Zero emissions by 2050

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.

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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<a> 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.”

About CME Solar Investments:</strong> 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.

12 min Read

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DEPUTY CHAIRMAN OF CME SOLAR, BÙI TRUNG KIÊN: "DUAL BENEFITS" FOR BUSINESSES UTILIZING ROOFTOP SOLAR POWER

Tran Khoa — Wed, 17 May 2023 14:07:49 +0000

DEPUTY CHAIRMAN OF CME SOLAR, BÙI TRUNG KIÊN: "DUAL BENEFITS" FOR BUSINESSES UTILIZING ROOFTOP SOLAR POWER Tran Khoa Wed, 05/17/2023 - 21:07

Ông Bùi Trung Kiên, Phó chủ tịch Công ty Đầu tư CME Solar cho biết, cùng với bảo vệ môi trường thông qua việc giảm thải khí CO2, việc chuyển sang sử dụng điện mặt trời áp mái còn giúp doanh nghiệp giảm chi phí điện năng, bảo trì mái đáng kể…

Internal News

Mr. Bùi Trung Kiên, Deputy Chairman of CME Solar Investment Company, stated that, in addition to environmental conservation by reducing CO2 emissions, transitioning to rooftop solar power also helps businesses cut electricity costs and significant roof maintenance expenses.

In recent times, rooftop solar energy has become one of the sectors attracting the attention of investors worldwide. With technological advancements, the production and installation costs of rooftop solar systems have significantly decreased. This has created numerous investment opportunities for investors globally, including foreign investors.

During the seminar "Convergence of Investment for Prosperous Vietnam" organized by Investment Newspaper on May 15, Mr. Bùi Trung Kiên, Deputy Chairman of CME Solar Investment Company, emphasized the significance of the term "convergence" in the seminar's theme. "Convergence here means 1 plus 1 equals more than 2; it can be 3, 4, or even more. In the current context, this convergence is becoming increasingly important," he stressed.

According to the Deputy Chairman of CME Solar, as a renewable energy investment company, CME Solar has invested in solar projects in Vietnam and is focusing on rooftop solar. "CME Solar views the electricity and energy market in Vietnam, with an expected average growth rate of about 9% per year until 2030. The total electricity capacity will be more than double the current figure, with around 150 MW. This is a rapidly growing market to meet the energy demand for an average economic growth of 6.5%," shared Mr. Bùi Trung Kiên.

Set against the backdrop of Vietnam's strengths in attracting foreign investment, such as a stable economic environment, a young population, and a sizable market in the region, coupled with macroeconomic factors like stable inflation and exchange rates, CME Solar's leadership believes that the investment environment is highly attractive and conducive to drawing strategic investors.

Furthermore, Vietnam is undergoing a significant shift towards renewable energy. The commitments made by Prime Minister Phạm Minh Chính at the COP26 conference illustrate clear goals for policy and energy transition, meeting all three criteria.

Ông Bùi Trung Kiên, Phó chủ tịch Công ty Đầu tư CME Solar là một trong những diễn giả inh danh của Hội thảo “Cộng hưởng sức mạnh đầu tư vì một Việt Nam thịnh vượng” do Báo Đầu tư tổ chức.

The first criterion is ensuring energy security to meet economic and social needs and ensure economic growth. The second is improving the quality of investment capital, synonymous with the quality of sustainable development. When it comes to sustainable development, the green factor is crucial for ensuring sustainability, avoiding environmental pollution crises, and addressing other issues. This is a strong point in future trends.

"The third is the issue of electricity and energy prices, and when combined with a synergistic nature, we can solve the energy cost equation more reasonably," stated the CME Solar leadership.

With the experience that CME Solar is currently implementing, businesses will benefit from lower energy costs if they know how to leverage Vietnam's existing strengths. "CME Solar's model focuses on rooftop solar energy; we invest entirely in rooftop solar energy systems, operate them, and sell to businesses at a lower cost with a high discount," revealed Mr. Bùi Trung Kiên.

According to him, with the high solar radiation potential in Vietnam, rooftop solar energy systems, which utilize existing unused space, enable businesses to use energy at significantly lower costs, saving tens of percentage points compared to conventional energy costs.

"We have developed hundreds of projects in Vietnam because rooftop solar energy eliminates the land liberation issue and pressure on the power transmission system. These are factors that help optimize costs very well at a time when businesses face market expansion pressure, and input costs are increasing," said the Deputy Chairman of CME Solar.

Ông Bùi Trung Kiên, đại diện CME Solar nhận hoa và nhận hoa và kỷ niệm chương của Ban tổ chức Hội thảo.

In addition, according to Mr. Bùi Trung Kiên, export-oriented businesses and FDI enterprises are very responsive in implementing rooftop solar energy. Currently, CME Solar has initiated rooftop solar projects for many businesses in the South, and recently, businesses in the North have also shown a keen interest.

"When it comes to the transition to green energy, it may sound distant, but in reality, it's happening very quickly. For example, one of our textile company partners in Nam Dinh province reported that, thanks to using rooftop solar power, the company established relationships and signed export contracts to the US market. One of the mandatory requirements for US importers is that suppliers must use clean energy, but in Nam Dinh province, not many textile companies can meet this requirement," cited Mr. Bùi Trung Kiên.

Sharing the "dual benefits" of businesses using rooftop solar power, CME Solar's leadership mentioned that, along with environmental protection by reducing CO2 emissions, businesses also achieve many economic benefits, such as reduced electricity costs for production and significantly lowered roof maintenance expenses.

Therefore, to attract foreign investment or export goods to challenging markets, the use of clean energy is a practical and almost mandatory requirement. This poses an essential consideration for localities seeking foreign investment.

According to Mr. Bùi Trung Kiên, although the South used to be CME Solar's primary market, the company is rapidly expanding into the North, even though the radiation intensity in the North is lower. "However, CME Solar has the advantage to ensure this does not affect the efficiency of rooftop solar projects. Regarding rooftop solar prices and technology, we have grasped and can compete much better than 20 years ago," emphasized Mr. Bùi Trung Kiên.

The Deputy Chairman of CME Solar believes that, with the current significant potential and advantages, if Vietnam has clear, continuous, and long-term policies, strategies, and directions, strategic investors and FDI enterprises are ready to invest and accompany the country in creating synergies to achieve economic and energy security goals.

To attract new high-quality capital in the rooftop solar energy sector, Mr. Bùi Trung Kiên suggests that Vietnam needs to invest more in research and development to diversify projects and enhance the quality of existing projects.

"One solution is to strengthen cooperation between businesses and research organizations to provide new solutions to improve efficiency and reduce investment costs. Additionally, the government should promote legal regulations to protect the rights of investors and minimize risks during the investment process," emphasized Mr. Bùi Trung Kiên.

Therefore, to attract new investment and especially high-quality foreign investment, Vietnam needs appropriate investment policies, an attractive business environment for investors. Additionally, foreign investors can collaborate with leading domestic partners to access the market easily, and CME Solar is a noteworthy choice.

24 min Read

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Reference

https://baodautu.vn/pho-chu-tich-cme-solar-bui-trung-kien-loi-ich-kep-khi-doanh…

CME SOLAR AND SEAREFICO JSC SIGNED THE PARTNERSHIP TO PROMOTE THE INSTALLATION OF ROOFTOP SOLAR ENERGY ACROSS VIETNAM

Tran Khoa — Thu, 11 May 2023 14:07:48 +0000

CME SOLAR AND SEAREFICO JSC SIGNED THE PARTNERSHIP TO PROMOTE THE INSTALLATION OF ROOFTOP SOLAR ENERGY ACROSS VIETNAM Tran Khoa Thu, 05/11/2023 - 21:07

Internal News

CME Solar JSC, a leading renewable energy company in Vietnam, has announced a new partnership with Searefico JSC, a giant E&C group.
The joint development agreement, signed on 11 May 2023, will see the two partners collaborate on a venture producing 100 MWp of rooftop solar installations across Vietnam with a total investment of around US$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 from commercial to business. For Searefico, the joint venture represents a significant step towards its vision of becoming a leading constructor in installing solar in Vietnam.

The joint venture's primary objective is to promote the installation of rooftop solar energy throughout Vietnam. Rooftop solar energy systems provide significant benefits, including reducing dependence on traditional energy sources, reducing carbon emissions, and providing clean and sustainable electricity. By expanding the market for rooftop solar energy, CMES, and Searefico are accelerating Vietnam's transition to renewable energy and contributing to the global effort to combat climate change.

Both parties share a commitment to reach Net Zero by 2050 and have the same core values of bringing the best green energy solutions to communities. CME Solar has always followed the Net Zero Roadmap since its establishment, aiming to reduce carbon emissions for communities and clients while also offering financial solutions that provide clients with discounts compared to the national grid.

Mr. 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 emission targets and energy transition. He expressed his excitement about collaborating with CME Solar, combining two strong partners with significant financial and technical attributes and a solid local platform, industry insight, and an experienced management team. The joint venture offers efficient distributed solar energy solutions for local and FDI businesses. Both 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.

Meanwhile, Mr. Chung Dieu Tuan, CEO of CME Solar shared that they are thrilled to be part of the effort to build a low-carbon future for Vietnam, and the distributed solar energy solutions offered by their joint venture will be efficient measures for local businesses. These solutions will help them meet their green energy demand while also reducing their electricity bills.

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About Searefico JSC

Searefico JSC, one of the top 500 Vietnamese enterprises, is a leading company in Industrial Refrigeration and Mechanical and Electrical Engineering, having completed 2,000 projects nationwide. With its vast experience in various sectors, Searefico will bring its profound knowledge and expertise to the partnership, complementing CME Solar's focus on renewable energy.

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.

21 min Read

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H.E DENNY ABDI, AMBASSADOR OF THE REPUBLIC OF INDONESIA TO VIETNAM VISITED CMES SOLAR PROJECT IN SONG HONG 10 GARMENT FACTORY IN NAM DINH PROVINCE

Tran Khoa — Wed, 24 Aug 2022 09:03:28 +0000

H.E DENNY ABDI, AMBASSADOR OF THE REPUBLIC OF INDONESIA TO VIETNAM VISITED CMES SOLAR PROJECT IN SONG HONG 10 GARMENT FACTORY IN NAM DINH PROVINCE Tran Khoa Wed, 08/24/2022 - 16:03

Internal News

On 24 August, H.E Denny Abdi, Ambassador of the Republic of Indonesia to Vietnam visited Song Hong 10 Garment factory in Nam Dinh Province – the pioneer in using solar energy for production He was joined by Mr. Bui Trung Kien (Vice Chairman of CME), as well as Mr. Nguyen Khuyen (Director of Song Hong 10 Garment JSC).

Ambassador Denny Abdi and the group discussed the efficiency and practical benefits of renewable energy, especially Solar Energy in a rural areas to improve the sustainable environment and economic development. Mr Khuyen also shared that thanks to solar electricity, the factory is not only saving the operating cost but also has enough electricity during the shortage of electricity.

Ambassador Denny Abdi and the group discussed the efficiency and practical benefits of renewable energy

They also visited one of the five solar systems at Hong Hong Garment: interior design and construction company, CMES. Located in Hai Hau - Nam Dinh, this project is one of five Solar Systems which Song Hong Garment has been using. This project is generating around 1,100,00 kWh annually. This is capable of offsetting 863 tons of Carbon Dioxide (Co2) emissions every year, which is equivalent to the emissions created by 186 passenger cars driving every day for a year.

21 min Read

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CME SOLAR FOOTBALL DAY

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NORSK SOLAR SIGNS DEAL WITH CME SOLAR TO PROMOTE SOLAR ENERGY SOLUTIONS

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AN VI LTD. EMBRACES GREEN ENERGY WITH NEW SOLAR PROJECT IN AN GIANG PROVINCE

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A SNAPSHOT OF ESG IN VIETNAM

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VICE - CHAIRMAN OF CME SOLAR JOINED FINANCE AND GOVERNANCE ACCELERATORS FOR A JUST ENERGY TRANSITION HOSTED BY THE UNITED NATIONS DEVELOPMENT PROGRAMME (UNDP) IN VIETNAM

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CME SOLAR SECURES USD 20 MILLION INVESTMENT FROM RESPONSABILITY CLIMATE FUNDS

Debt financing and expansion

Enhancing solar initiatives across Vietnam

Supporting Vietnam’s solar ambitions

CEO’s vision for Vietnam’s solar growth

responsAbility’s commitment to impact investing partnerships

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A NEW JOINT VENTURE BETWEEN THE SUMITOMO FORESTRY GROUP AND CME SOLAR, AIMED AT EXPANDING THE ROOFTOP SOLAR MARKET IN VIETNAM

About The Sumitomo Forestry Group:

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DEPUTY CHAIRMAN OF CME SOLAR, BÙI TRUNG KIÊN: "DUAL BENEFITS" FOR BUSINESSES UTILIZING ROOFTOP SOLAR POWER

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CME SOLAR AND SEAREFICO JSC SIGNED THE PARTNERSHIP TO PROMOTE THE INSTALLATION OF ROOFTOP SOLAR ENERGY ACROSS VIETNAM

About Searefico JSC

About CME Solar Investments

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H.E DENNY ABDI, AMBASSADOR OF THE REPUBLIC OF INDONESIA TO VIETNAM VISITED CMES SOLAR PROJECT IN SONG HONG 10 GARMENT FACTORY IN NAM DINH PROVINCE

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