CME Solar and Sumitomo Forestry partner to focus on solar

Friday, Jun 23, 2023 13:59

Leaders of CME Solar JSC and Sumitomo Forestry Corporation witnessed the signing ceremony of cooperation to develop rooftop solar projects in Viet Nam. Photo courtesy of CME Solar JSC

CME Solar JSC, a leading renewable energy company in Viet Nam, has signed a joint venture agreement with Sumitomo Forestry Corporation from Japan. It aims to expand and develop the rooftop solar panel market to promote clean energy solutions in Viet Nam.

The joint venture aims to drive the adoption of rooftop solar energy systems across Viet Nam. These systems offer numerous benefits, including reducing reliance on traditional energy sources, lowering carbon emissions, and providing clean and sustainable electricity. Together, they will deliver cutting-edge solutions that meet the country's increasing energy demands while adhering to the highest Environmental, Social, and Governance (ESG) standards.

The Sumitomo Forestry Group, a global leader in various industries, has made a strategic decision to shift its focus towards renewable energy, recognising the urgent need to mitigate climate change and transition to cleaner energy sources. With Viet Nam's incredible potential for solar energy and its growing demand for sustainable solutions, the group identified the country as a key market for rooftop solar development.

To ensure the success of this ambitious venture, the group chose CME for their remarkable technical knowledge, extensive experience, and unwavering commitment to meeting (ESG) standards.

The two sides share a common commitment to achieving net zero by 2050. They are aligned in their core values of delivering the best green energy solutions to communities.

Established in 1691, Sumitomo Forestry is a Japanese company with a rich history that provides various products and services related to wood and the environment. The Sumitomo Forestry Group announced its long-term vision “Mission TREEING 2030” and is focused on initiatives to realise a decarbonized society.

Founded in 2018, CME Solar is an investment and development company specialising in renewable energy projects in Viet Nam. With a strong financial foundation, CME Solar says it possesses the necessary resources to meet the increasing demands of the rapidly developing solar energy market nationwide. VNS

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