French energy company invests in Vietnam rooftop solar developer

Rooftop solar panels are seen at a factory in the southern province of Dong Nai. Photo courtesy of SkyX Solar

French company EDF Renewables has made an undisclosed investment into a rooftop solar power developer subsidiary of VinaCapital, seeking to profit from the booming industry in Vietnam.

With the investment SkyX Energy, the holding company of SkyX Solar that has 30 megawatt-peak of solar projects under operation, plans to invest more than $100 million into further develop 200 megawatt-peak of rooftop solar and distribute energy solar projects for customers over the next few years, VinaCapital stated.

"The potential for renewables in Vietnam is enormous, and we are keen to expand our footprint in the country by drawing on our global knowhow in rooftop solar solutions," said Yalim Ozilhan, Southeast Asia director of EDF Renewables.

Full Story: https://e.vnexpress.net/news/business/economy/french-energy-company-invests-in-vietnam-rooftop-solar-developer-4371786.html