SkyX Solar plans to invest USD100M in the next 2-3 years to further develop 200MWp of rooftop solar power systems in Vietnam
VinaCapital Group, Vietnam’s investment management company with over USD 3.7bn in assets under management has announced that EDF Renewables, an international renewable energy company, has made a significant investment in SkyX Energy, the holding company of SkyX Solar, a rooftop solar power developer, and a VinaCapital subsidiary.
In just a few years, Vietnam’s rooftop solar energy sector has grown from virtually nothing into Southeast Asia’s leading solar market, with cumulative rooftop solar capacity totaling 9.3 gigawatts at the end of 2020, according to BloombergNEF1. With EDF Renewables as a strategic partner, SkyX Solar which has around 30 MWp of solar projects under operation, plans to invest more than USD 100M to further develop 200MWp of rooftop solar and distributed energy solar projects for commercial and industrial customers in Vietnam over the next few years.