CME Solar (CMES) and Norsk Solar have signed a Joint Development Agreement to advance renewable energy initiatives in Vietnam. The agreement was officially finalized, marking a significant milestone in the effort to promote sustainable energy solutions in the country.
The collaboration between CMES and Norsk Solar aims to combine their expertise, resources, and technologies to speed up the development of solar energy projects in Vietnam. With a shared commitment to tackle climate change and reducing carbon emissions, this partnership is ready to make an important impact on the country’s renewable energy landscape.
Torbjørn Elliot Kirkeby-Garstad, CEO of Norsk Solar, said, “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, the companies will focus on identifying and assessing key solar energy project opportunities in Vietnam, with an emphasis on commercial solar installation and utility-scale solar farms. Norsk Solar and CMES aim to streamline project development processes, increase efficiency, and ensure the successful execution of these sustainable ventures.
“As a Vietnamese company committed to harnessing the potential of solar energy, we are delighted to partner with Norsk Solar. This collaboration opens new doors for clean energy advancement in our nation, and together, we will contribute to Vietnam’s renewable energy goals,” said Chung Dieu Tuan, CEO of CMES.
Vietnam has emerged as a regional leader in renewable energy adoption, with solar power playing a crucial role in diversifying its energy mix and reducing the reliance on coal and fossil fuels. The Joint Development Agreement represents a step towards bolstering Vietnam’s efforts to achieve its sustainability targets.
Last month, Vietnamese government unveiled the National Energy Master Plan (NEMP) for the period 2021-2030. In order to achieve a just transformation and development of energy, the country aims to make renewable energy account for 15%-20% of total primary energy by 2030, and reach 80%-85% by 2050.