A win for Vietnam’s clean energy space! Nami Distributed Energy (a subsidiary of Nami Energy) just closed $10M to help businesses access sustainable power without any upfront costs or ongoing expenses.

Investor check. Clime Capital invested $10M through their SEA Clean Energy Fund II.

• Clime Capital was also part of Indonesia-based Xurya’s $55M raise recently.

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⚡ Powering up businesses

They focus on renewable sources for business consumers!

• Nami Solar. Rooftop solar installations for businesses investing on lower costs and transitioning to more sustainable energy.
• Nami Wind. Develop wind-generated power projects and enable investment opportunities in both small and large wind farms.

They even help clients invest towards Vietnam’s energy sector and support with mergers and acquisitions theough Nami Energy Consulting.

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🎯 Why now

A breakthrough policy. The government now allows large energy consumers to purchase electricity from private producers. They don’t have to purchase from state-owned EVN which used to be the only source to buy electricity.

• This was introduced through Decree 80/2024/ND-CP on Direct Power Purchase Agreements (DPPA).
• The new decree was announced last July 3, 2024.

Hold your horses! This only applies to large electricity consumers that average a monthly consumption of 200,000 kWh (200x the average household usage).

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💸 What’s with the $$$

They’ll double down on their pipeline of projects with Vietnam’s goal of carbon neutrality by 2050. And their next funding round might be soon!