Norsk Solar signs deal with CME Solar to promote solar energy solutions

The tie-up between Norsk Solar and CME Solar will create strength to accelerate the development of solar energy projects in Vietnam. Both companies shared commitments to combating climate change and lowering carbon emissions. Therefore, this partnership is positioned to have a significant impact on the nation's renewable energy landscape.

“We are very happy to enter into this Joint Development Agreement with CMES” said Torbjørn Elliot Kirkeby-Garstad of Norsk Solar. “Vietnam's potential for solar energy is substantial, and with our combined strengths we can provide solar solutions to help Vietnam’s energy transition.”

Through this strategic partnership, Norsk Solar and CMES will concentrate on locating and evaluating significant solar energy project opportunities in Vietnam, with a focus on utility-scale solar farms and commercial solar installations. The companies want to streamline project development procedures, boost efficiency, and guarantee the smooth execution of these sustainable ventures by utilising one another's knowledge and experience.

“As a Vietnamese company committed to harnessing solar energy's potential, we are delighted to partner with Norsk Solar” said Chung Dieu Tuan, CEO of CMES. “This collaboration opens new doors for clean energy advancement in our nation, and together, we will contribute to Vietnam's renewable energy goals.”

Vietnam has emerged as a regional leader in renewable energy adoption, with solar power playing a pivotal role in diversifying its energy mix and reducing the reliance on coal and fossil fuels. The tie-up represents a step towards bolstering Vietnam's efforts to achieve its ambitious sustainability targets.

GreenYellow, a French energy management company, has signed a deal to invest in a rooftop solar power project for New Wing Interconnect Technology Co., Ltd., a fully owned subsidiary of Foxconn Group.

The Ministry of Industry and Trade (MoIT) has submitted to the government a draft mechanism that promotes the growth of rooftop solar power installed in homes and offices for private-use. Rooftop solar power for private use will be exempt from certain business and operation licences, and may be eligible for interest rate, tax, and fee incentives.

Businesses are eager to install rooftop solar assets to generate green energy for their self-consumption, which is encouraged by Vietnam’s approved power scheme.