SK Group invests in Vietnam solar energy

By Vien Thong   January 25, 2022 | 12:58 am PT
SK Group invests in Vietnam solar energy
Rooftop solar power project invested by Nami Solar in Bau Bang Industrial Park in the southern province of Binh Duong. Photo courtesy of Nami Solar
SK Ecoplant, an affiliate of SK Group - the third largest conglomerate in South Korea, has formed a $200-million joint venture for rooftop solar energy development in Vietnam.

The joint venture between SK Ecoplant and Nami Solar, a subsidiary of Nami Energy in Ho Chi Minh City, will develop a 250-MWp rooftop solar power project to serve businesses, including South Korean firms that want green energy and lower energy costs.

The joint venture’s advantages lie in SK Ecoplant’s financial and technical strength and Nami Solar’s strong foothold in Vietnam, said Nami Energy Chairman Luu Hoang Ha.

Both Vietnamese and South Korean governments highlight action plans on responding to climate change, recovery and green growth, with Vietnam pledging to become carbon neutral by 2050.

According to foreign experts, Vietnam has some of the most sunlight hours in Asia, particularly in the South where most of the country’s manufacturers are.

By putting solar panel systems onto the roofs of their factories, manufacturers are saving on energy costs, while expanding their production and also helping improve the environment, reduce air pollution and contribute to a healthier society, they hold.

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