JV agreement worth US$200m signed for 250MW of rooftop solar projects in Vietnam

Facebook
Twitter
LinkedIn
Reddit
Email
The JV is targeting companies in Vietnam that want to keep costs down while securing energy supply and reducing their emissions. Image: Pixabay

SK Ecoplant, part of the South Korean conglomerate SK Group, has signed a US$200 million joint venture (JV) agreement with Vietnamese rooftop specialists Nami Solar for the development of 250MW of rooftop solar in Vietnam over the next four years.

The pair are targeting industrial units in Vietnam that want low-cost renewable energy in order to be in line with Vietnam’s climate goals, which include becoming carbon neutral by 2050.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Under the agreement, SK Ecoplant is responsible for registration, issuance, conversion, and sales of carbon emission rights, while Nami Solar will take on business development, licensing, power purchase agreements (PPAs) and engineering, procurement and construction (EPC) work.

The JV’s first project, a 65MW rooftop system on the Sonadezi Industrial Complex located in Dong Nai Province, will begin construction in February and will come online in June, lasting for a period of 20 years, SK Ecoplant said.

Following this, one 60MW-65MW project will be developed each year, totalling a capacity of 250MW after four years, said the company via a media release.  

The two companies created the JV – ‘Saturn Solar Energy’ – in August last year, with Nami Solar controlling a 51% stake.  

Read Next

June 6, 2025
Australia’s Solar Energy Industries Association (SEIA) has called on Australia’s climate change and energy minister, Chris Bowen, to “urgently intervene” on a rule change that could threaten to derail the uptake of rooftop solar PV.
June 6, 2025
ElectraNet has revealed that renewables supplied 100% of South Australia's electricity demand for 27% of 2024, roughly 99 days.
June 5, 2025
Singapore could sit at the “core” of new regional electricity grids in Southeast Asia, according to research from Rystad Energy.
Premium
June 3, 2025
In May 2025, utility-scale and rooftop solar PV dipped by 579GWh month-on-month in Australia’s National Electricity Market (NEM) to 2,861GWh.
May 20, 2025
Solar PV additions have slowed down in the first quarter of 2025 in India, with 6.7GW, according to a report from Mercom India Research.
Premium
May 1, 2025
April 2025 saw solar PV generation, both rooftop and utility-scale, decrease marginally month-on-month in Australia’s NEM by almost 11%.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece