Investment management company VinaCapital Group today announced that French company EDF Renewables has invested $ 100 million in SkyX Energy, one of its subsidiaries and the holding company of SkyX Solar.

Serving the commercial and industrial solar sector (C&I), Vietnamese company SkyX Solar currently has around 100 MWp of photovoltaic projects in operation or development, says VinaCapital, and now plans to deploy an additional 200 MWp over the next few years.

Samresh Kumar, CEO and Founder of SkyX Solar, said, “We intend to partner with more industrial companies in Vietnam to build several hundred MW of solar capacity with them.

According to Bloomberg NEF in January, the cumulative photovoltaic capacity on Vietnam’s rooftops reached 9.3 GW in 2020, with more than 6 GW installed in December 2020 alone as project developers rushed to meet the deadline. of the solar feed-in tariff of December 31. This is an eight-fold increase from just 378 MW in 2019, analysts noted.

Meanwhile, in its Global Solar Energy Market Outlook 2021-2025, the European Trade Association SolarPower Europe commented: “Vietnam is a very encouraging example, showing that the solar industry is now ready to develop even more sophisticated market segments as world records in a very short time – all it needs are the right political and technical conditions, and a workforce with the right skills. “

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