On July 9, Clime Capital and Nami Distributed Energy (Nami) announced the $10 million investment from SEACEF II. Nami, headquartered in Ho Chi Minh City and Hanoi, specializes in innovative distributed energy solutions and aims to significantly impact Vietnam's businesses.

This investment aligns with the Vietnamese government's recent Decree 80/2024/ND-CP, which establishes a direct power purchase agreement (DPPA) mechanism between renewable energy producers and large electricity consumers. The decree provides significant opportunities for businesses to access cost-effective renewable energy through both direct line and grid-connected distributed electricity.

Nami is well-positioned to leverage its strong foundation in human resources, expertise, and a growing project portfolio to deliver larger-scale rooftop solar and on-site energy solutions to commercial and industrial clients nationwide.

Mr. Luu Hoang Ha, Chairman of Nami, stated that the company's solar and on-site energy solutions, such as battery storage and energy efficiency, enable businesses to access lower-cost and sustainable electricity without the need for capital investment and operating costs. The company is rapidly expanding its potential project portfolio with major clients and deploying installations nationwide.

"This investment and our rapidly expanding project portfolio put Nami in a perfect position for the next funding round and continued growth. We are ready to collaborate with Clime Capital and other partners to create more positive impacts for our clients and the environment," said Mr. Ha.

Mr. Mason Wallick, Managing Director of Clime Capital, shared that this significant investment brings dual benefits: developing competitive renewable energy infrastructure and promoting Vietnam's carbon neutrality goal by 2050.

Nami Distributed Energy, a subsidiary of Nami Energy, was founded by local investors with extensive experience in Vietnam's energy sector. The company's solar and on-site energy solutions, including battery storage and energy efficiency, provide businesses with low-cost, sustainable electricity without the need for capital investment and operating costs. The company is swiftly expanding its potential project portfolio with major clients and deploying installations nationwide.

Clime Capital, based in Singapore, manages SEACEF II and focuses on accelerating the transition to low-carbon energy.

Hanh Nguyen