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February 2022 has been a month of significant events for Nami Energy. Under the joint venture framework between Nami Solar and SK ecoplant, Nami Solar entered into agreements on providing rooftop solar (RTS) electricity for businesses and MOUs on sustainable energy solutions for industrial park (IP) developers.

Three Korean companies (Lee & Suy Vina, Samil Vina, and Samil Textile) shall benefit from a total of 3 MWp of RTS provided by Nami, becoming more sustainable and competitive while better saving their electricity bills.

Nami Solar also entered into an MOU with New CC, a well-established engineering and construction company, to provide total sustainable energy solutions for its 14 hectare – industrial complex in Binh Dinh province.

Remarkably, Nami Solar signed an MOU with Capella Land for developing RTS and sustainable energy solutions in Capella Land’s IPs across the country. Since its inception in 2015, Capella Land has developed six industrial parks on 1,100 hectares and most currently is investing in seven others on 2,500 hectares in northern and central Vietnam. Nami Solar and Capella Land vowed to develop eco-industrial parks, creating shared economic opportunities, improved ecosystems, and innovative avenues for responsible business practices.

Nami Solar and SK ecoplant are working closely under the joint venture framework to move these projects forward and seek similar investment opportunities across the country.

(Ho Chi Minh City, Monday, 24th Jan 2022) SK Group has further expanded its investment in Vietnam through a new partnership between its green investment arm, SK ecoplant, and Nami Solar, an affiliate of Nami Energy.

The two partners entered into a joint development agreement in December 2021, forming a collaborative venture producing 250 MWp of rooftop solar installations, with a total investment of around US$ 200 million over the next few years. The partnership will serve as a platform to further support SK ecoplant’s aspirations of becoming a major global investor in renewable energy. The joint venture will help Nami Solar move one major step closer to its vision of becoming a leading distributed solar company in Vietnam.

Both the Vietnamese and Korean governments have placed climate change action plans and green recovery and growth high on their respective agendas. In October 2021, South Korea announced a commitment to slashing its emissions to 40% of their 2018 level by 2030. Vietnam has reiterated its commitment to reach Net Zero by 2050. In July 2021, SK Group revealed its Net Zero Roadmap, aiming to reduce its carbon emissions by 50% within a decade, thereafter, achieving Net Zero by 2050, making it the first Korean corporation to outline such substantial reduction targets and implementation plans.

Mr Chey Tae-won, Chairman of SK Group affirmed its investment in Vietnam’s renewable energy sector as the conglomerate’s mid-term priority when he met with Mr Vuong Dinh Hue, Chairman of the National Assembly of Vietnam in Seoul in December 2021. SK Group has already made strategic investments totaling almost US$ 2 billion in VinGroup and Masan Group, two leading Vietnamese corporations

Mr Casey Jung, Vice President and Head of Renewable Energy at SK ecoplant said: “Inspired by Vietnam’s strong climate action commitments, we are excited to announce our partnership with a reputable Vietnam company, Nami Solar, to create and leverage our mutual synergy towards supporting Vietnam in its quest to achieve its carbon emission targets and energy transition.”

Mr Luu Hoang Ha, Chairman of Nami Energy said: “We look forward to collaborating with SK ecoplant, creating a vibrant and powerful synergy from this joint venture of two strong partners, one with its significant financial and technical attributes, and the other with its solid local platform, industry insight, and experienced management team. We are excited to play our part in building a low-carbon future for Vietnam. The distributed solar energy solutions offered by our joint venture are efficient measures for local businesses, many of them Korean investors, helping them meet their green energy demand as well as making savings on their electricity bills.”

About SK Group and SK ecoplant:

SK Group operates more than 120 businesses across the energy, life sciences, advanced materials, mobility, and semiconductor industries.

SK ecoplant is one of the top-tier Korean investors working on energy development business across the globe since its foundation in 1977. Serving as the backbone of SK Group’s eco-friendly solutions, SK ecoplant has devoted its best endeavour to its renewable energy business in Vietnam and recently expanded its capability into utility range RTS (rooftop solar) market through leveraging cooperation with eligible partners.

About Nami Energy and Nami Solar:

Nami Solar is a subsidiary of Nami Energy, founded in 2019 to help support Vietnam’s energy transition. The company is managed by a team of experienced investors and professionals in the energy sector, many of whom have been deeply engaged with the development of both policy and the market within the Vietnam renewable energy and rooftop solar sector since its beginnings.

The company advocates green and sustainable growth by providing well-designed rooftop solar solutions delivering both social and commercial benefits for its partners. Nami Solar has partnered with major local corporates such as the Sonadezi Corporation, Viet Thang Corporation and several Korean companies, investing in rooftop solar projects and providing clean energy for their manufacturing and business activities.

Nami Energy was pleased to take part in and sponsor the Korean Chamber of Commerce and Industry (Kocham) 2021 Golf Tournament, held by Kocham Binh Duong on 17 December at the Twin Doves Golf Club. Mr. Luu Hoang Ha, Chairman and Mr. Choi Heung Yeon, Vice President, represented Nami Solar, a subsidiary of Nami Energy, at the tournament and presented Nami-sponsored raffle items at the charity dinner.

South Korea has been one of the leading investors in Vietnam for years. Nami Solar collaborates with Korean manufacturing companies on rooftop solar development, empowering them to pursue green growth, achieving their export targets and carbon emission reduction commitment. Mr. Choi Heung Yeon, once the Standing Vice Chairman of Kocham, said Korean investors are very keen on applying clean energy in their operations in Vietnam to drive supply chain innovation.

This trend echoes the Korean government’s recent efforts to promote a green economy as part of their coronavirus recovery package. Korean leaders had declared their commitment to becoming carbon neutral by 2050 in Dec 2020, whilst Vietnam recently made the same announcement at the UN COP26 summit in Nov 2021.

#rooftopsolar
#carbonneutral

As Vietnam embraces a rapid transition towards cleaner and more secure energy, building a strong and supportive policy framework is critical for a successful transition. Nami Energy has been actively contributing to developing policies for the energy sector through business associations and green development initiatives such as Vietnam Business Forum, Eurocham and Green ID.
Speaking in a 15-minute programme broadcast on VTV2 on 2 November, Luu Hoang Ha, Chairman of Nami Energy, highlighted the need for an investor-friendly policy approach to mobilize the needed capital to support the country’s energy transition to more renewables.
“Vietnam’s renewable energy sector presents great potential for the investors. We need to ensure investor-friendly policies to attract private capital. This includes transparency and predictability, and the elimination of intermediation layers to optimise investment money and reduce overall energy cost”, said Luu Hoang Ha.
The programme is part of a TV series on sustainable development produced by VTV2 in collaboration with Green ID.
Watch the full programme: https://youtu.be/T5rpTDUWJWs

As Vietnam embraces a rapid transition towards cleaner and more secure energy, building a strong and supportive policy framework is critical for a successful transition. Nami Energy has been actively contributing to developing policies for the energy sector through business associations and green development initiatives such as Vietnam Business Forum, Eurocham and Green ID.

Speaking in a 15-minute programme broadcast on VTV2 on 2 November, Luu Hoang Ha, Chairman of Nami Energy, highlighted the need for an investor-friendly policy approach to mobilize the needed capital to support the country’s energy transition to more renewables.
“Vietnam’s renewable energy sector presents great potential for the investors. We need to ensure investor-friendly policies to attract private capital. This includes transparency and predictability, and the elimination of intermediation layers to optimise investment money and reduce overall energy cost”, said Luu Hoang Ha.

The programme is part of a TV series on sustainable development produced by VTV2 in collaboration with Green ID.
Watch the full programme: Here

#sustainabledevelopment

Lan Anh, 21, left her hometown in Nghe An for Dong Nai in early 2021. She and her husband found jobs in a garment company, earning enough for their living and preparation to welcome their first baby in December. All was going well until the fourth wave of Covid-19 knocked them down. They both lost their jobs in early July when the lockdown was imposed on half of Vietnam. Her sister, a second-year student, also ran to her for support. They cut their food cost to a survival level of VND 20,000 – VND 30,000 per day and stayed resilient for opportunities in the recovery phase of the crisis.

Lan Anh was among 1,707 Vietnamese workers receiving financial support from Nami and Friends Program during the last two months (295 persons received VND one million and 1,412 received VND 500,000 each). The list of beneficiary workers included many women raising small children and was compiled by grassroots trade unions at the industrial centres such as HCMC, Dong Nai, Binh Duong, Long An, Ba Ria – Vung Tau and Tay Ninh.

Initiated and managed by Nami Energy, Nami and Friends Program has quickly expanded thanks to the valuable contribution of its staff, business partners and hundreds of individual donors at home and abroad. In addition, Nami Solar (a member of Nami Energy) and its staff also supported 100 workers of several companies in Sonadezi Giang Dien Industrial Park (Dong Nai), one of Nami’s key business partners.

“We are overwhelmed by our donors’ generosity and unparalleled kindness. Their support is extremely crucial to help these workers through challenging times, bounce back, and resume working for economic recovery. We are grateful for the positive energy the donors brought to our Covid-19 relief programme and the resilient spirit of the workers.” said Luu Hoang Ha, Chairman of Nami Energy.

The program will support an additional 415 workers in the next two weeks, bringing the number of supported workers in total to 2,222.

While rooftop solar (RTS) systems are among the cleanest and safest energy sources, photovoltaic (PV) systems, just like other types of electric generation, present the risk of electrical hazards. At Nami Solar, we are at the forefront of deploying stringent control measures and best practices to mitigate such risk.

In May 2021, the company obtained a fire safety certificate for its Dong Nai Port’s 1.6 MWp RTS project – one of the first certificates of this kind issued in Dong Nai Province by the Dong Nai Police’s Fire Control Department. This certification reaffirms Nami Solar’s commitment to complying with local and international standards of quality and safety as well as underscores its capabilities in sustainably investing in RTS business.

In a technical audit conducted by a leading European independent engineering consultant earlier this year, the solar projects invested by Nami Solar in Ho Chi Minh City, Binh Duong, Dong Nai and Ba Ria- Vung Tau are assessed to have good quality compared to others examined in Vietnam in recent years, especially regarding materials and equipment protection. The audit report confirmed that safety and operation & maintenance facilities were properly invested in, as evidenced by the carefully installed walkways and lifelines on the roof as well as the solar panel cleaning systems and “these features are of a standard beyond that of comparable projects on the Vietnamese market of late”.

After a boom period thanks to feed-in tariff incentives in Vietnam over recent years, investors and developers are keeping their faith in the country’s solar rooftop potential thanks to high demand.

By Phuong Thu

Click here for the original article.

The strategic cooperation between two leading experts in rooftop solar solutions is expected to drive growth for both parties by creating integrated offerings of steel roofs and solar power solutions, optimizing investment returns and contributing to the sustainable development of business partners.

(Ho Chi Minh City, 08 July 2021) – Today, NS BlueScope Lysaght Vietnam – the Australian steel solution expert signed a strategic cooperation agreement with Nami Solar – a subsidiary of Nami Energy, renowned for its expertise in the renewable energy sector.

The two companies will jointly develop integrated solutions for rooftop solar systems, from design consulting, commissioning and maintenance to help enterprises to achieve their sustainable growth and address climate change challenges Vietnam is facing.

Under the agreement, experts from NS BlueScope Lysaght and Nami Solar will work together to provide our clients with advice on structure suitability, interactions between roof systems and rooftop solar systems as well as operations and maintenance guidance in compliance with international standards. The effective integration of the roof system and solar power solutions will ensure the quality of the whole system, enabling factory owners to maximize their investment returns.

Mr Mai Van Trung, Vice President of Nami Solar said: “Roof is an integral part of the rooftop solar ecosystem. Together with BlueScope Lysaght, Nami Solar aims to offer our clients full-service and sustainable solar and roofing solutions. Our rooftop solar projects, as assessed by an international engineering consultancy firm, have good quality compared to others examined in Vietnam recently, especially in regard to materials and protection equipment. We are confident that BlueScope Lysaght’s steel roof is the perfect foundation for our rooftop solar systems, delivering both economic and social benefits to our clients.”

Mr Nguyen Cao Tri, President of NS BlueScope Lysaght said: “One of the main concerns of rooftop owners for installing solar power systems is the roofing life span and its performance which is supposed to load additional solar panels from 15 to 25 years. As a global steel manufacturer inheriting over 165 years of experience from BlueScope Group headquartered in Australia, our steel solutions incorporated into the works including solutions for roofing structure assembly which are researched and developed under Australian standards are completely qualified and compatible with the solar power system installation. We hope that the partnership with Nami Solar will bring a combined solution for rooftop solar power systems, enhancing both investment returns and investors’ confidence.”

About Nami Solar

Nami Solar, a subsidiary of Nami Energy, was founded by experienced Vietnamese experts and investors in the renewable energy sector to address the long-term challenges of climate change Vietnam is facing.

Nami Solar partners with major local corporates such as Sonadezi Corporation, Viet Thang Corporation to invest in rooftop solar projects serving manufacturing and business activities. The company has also signed agreements to invest in and install rooftop solar systems for several Korean companies in Vietnam.

By providing clean energy, Nami empowers businesses to pursue green growth and achieve their business goals, as well as export targets and carbon emission reduction commitment.

For more information, please visit www.namienergy.com.

About NS BlueScope Lysaght Việt Nam

Being one of the first foreign investors in 1993, NS BlueScope Lysaght created a breakthrough in the Vietnam construction industry through launching innovative and high-tech steel buildings products & solutions. Especially, the roof sheet system solutions are compatible with the solar power systems, supported by wind uplift capacity, water-proof features, are tested and synchronized from design to installation, facilitating the investment efficiency, offering sustainable quality to all works.

NS BlueScope Lysaght’s products have been a part of Vietnam’s architecture and buildings for well over a decade, shaping so much of what’s been admired in industrial & commercial buildings throughout the country’s landscape, such as factories, administration offices, sports complexes, commercial centres, warehousing, universities & institution, hospitals, livestock, farming and housing…

For more information, please visit www.lysaghtasean.com/vn.

Nami Solar officially launched on 26th May its investment into two rooftop solar power projects, one in collaboration with Sarah Co. Ltd. and the other with Speed Vina Co. Ltd., both are Korean manufacturers and suppliers in the textile and garment industry.

The two rooftop solar power purchase agreements were signed between Mr. Kim Chang Soo, CEO of Sarah, Mr. Kim Nyoun Ho, CEO of Speed Vina, and Mr. Luu Hoang Ha, Chairman of Nami Energy. Commissioning of the two rooftop solar systems is expected in August 2021.

The launch of the two projects marks another major milestone in Nami Energy’s commitment and journey to empower local businesses to go green. In the last 6 months of 2020 alone, Nami Solar developed and invested a total of 10.3 MWp rooftop solar energy. The company aims to significantly grow its solar energy portfolio this year through developing partnerships with manufacturers and exporters.

Mr. Luu Hoang Ha said: “90% of total electricity from the two solar power systems will be used onsite by the two Korean enterprises. We will not only support these manufacturers and exporters in adopting clean energy but also assist them in promoting their green image to their target stakeholders in the supply chain”.