Heaptalk, Jakarta — Hanoi-based clean energy company Nami Distributed Energy (Nami) obtained a US$10 million investment from a Singapore-based fund manager focused on accelerating the low-carbon transition, Clime Capital. This investment, facilitated through the Southeast Asia Clean Energy Fund ll (SEACEF ll), aims to support Nami’s accelerated enhancement and impact on Vietnamese businesses.
“This investment, along with our extensive and rapidly growing project pipeline, positions us perfectly for the next funding round and expansion. With the Vietnamese government committed to carbon neutrality by 2050, we stand ready to cooperate with Clime Capital and other stakeholders to create even more positive impacts on our customers and the environment,” Chairman of Nami, Luu Hoang Ha, said.
This fund comes to Vietnam experiencing a breakthrough in energy policy with the introduction of Decree 90/2024/ND-CP on Direct Power Purchase Agreements (DPPA). The Decree creates significant opportunities for both distributed and grid-connected cost-effective renewable energy. With the investment, Nami will leverage its robust foundation of people, sector expertise, and extensive pipeline projects to deliver compelling rooftop solar and other on-site energy solutions to commercial and industrial customers nationwide on a larger scale.
Nami Distributed Energy is a subsidiary of Nami Energy, which was founded by Vietnamese investors with extensive experience in the Vietnamese energy sector. Its solar energy solutions and other on-site solutions, such as battery storage and energy efficiency measures, enable businesses to access lower-cost and sustainable power without any upfront or ongoing expenses. The company is quickly expanding its pipeline projects with large customers and deploying installations nationwide.
“Nami is well positioned to lead innovation in Vietnam’s dynamic and fast-evolving power market, where the country has introduced new opportunities to lead the low carbon transition in SEA. The SEACEF II investment in Nami underscores how we support clean energy leaders that have the potential to achieve transformational impact in their markets,” Chief Investment Officer at Clime Capital, Joshua Kramer, said.
As additional information, Nami has forged energy partnerships with prominent international and local corporations across the country, such as Sonadezi Corporation (SNZ), Viet Than Corporation (Vicotex), Capella Land, Regina Miracle International Emivest, and Tripha Cable, providing distributed rooftop solar and energy solutions to their manufacturing and business operations.
