The Southeast Asia Clean Energy Facility II (SEACEF II) has invested $10 million in Nami Distributed Energy, a company based in Ho Chi Minh City and Hanoi, to advance innovative distributed energy solutions.

Clime Capital, the Singaporean fund manager for SEACEF II, announced the investment in Nami Distributed Energy on Tuesday.

This investment is aimed at supporting Nami’s rapid growth and generating positive impacts for businesses in Vietnam.

The investment follows the Vietnamese government’s issuance of Decree 80 on direct power purchase agreements, which has created substantial opportunities for companies to access cost-effective renewable energy through direct lines and grid-connected distributed electricity.

With this new funding, Nami is well-positioned to utilize its robust human resources, expertise, and project portfolio to provide effective rooftop solar and on-site energy solutions to commercial and industrial clients across the country.

Luu Hoang Ha, chairman of Nami, stated that this investment, combined with Nami’s expanding project pipeline, positions the company favorably for its next funding round and growth phase. “We are excited to work with Clime Capital and other partners to enhance our impact on both our customers and the environment,” Ha added.

Mason W., CEO of Clime Capital, remarked, “This substantial investment not only enhances the growth of competitive renewable energy facilities but also accelerates Vietnam’s progress toward its 2050 decarbonization goals.”