Nami Distributed Energy secures Clime Capital financing amid Vietnam’s policy turnaround

This investment, facilitated by the Southeast Asia Clean Energy Fund II (SEACEF II), aims to support Nami’s accelerated growth and positive impact on Vietnamese businesses. Nami offers innovative distributed energy solutions to commercial and industrial customers in Vietnam.

The investment comes as Vietnam experiences a watershed in energy policy with the introduction of Direct Power Purchase Agreement (DPPA) legislation. This legislation creates significant opportunities for both distributed (direct line) and grid-connected, cost-effective renewable energy. With the new investment, Nami is well-positioned to leverage its strong foundation of people, industry expertise and extensive pipeline projects to deliver efficient rooftop solar and other on-site energy solutions at scale to commercial and industrial customers across the country.

Nami Distributed Energy is a subsidiary of Nami Energy, founded by Vietnamese investors with extensive experience in the local energy sector. Its solar power and other on-site solutions, such as battery storage and energy efficiency measures, enable businesses to access cheaper and sustainable energy without any upfront or ongoing costs. The company is rapidly expanding its pipeline projects with large customers and deploying facilities across the country.

Luu Hoang Ha, CEO of Nami Distributed Energy, said: “We are excited to partner with Clime Capital to bring the benefits of distributed energy to a broader range of businesses, helping them achieve their goals of decarbonization and sustainable growth. Clime Capital’s investment in Nami underscores their confidence in our team, practices and corporate governance, which are key to our green business mission. This investment, together with our extensive and rapidly growing project portfolio, positions us well for our next round of financing and expansion. With the Vietnamese government committed to carbon neutrality by 2050, we are ready to work with Clime Capital and other stakeholders to make an even greater positive impact for our customers and the environment.”

Joshua Kramer, Chief Investment Officer at Clime Capital, said: “Nami is well-positioned to lead innovation in Vietnam’s dynamic and rapidly growing energy market as the country introduces new opportunities to lead Southeast Asia’s low-carbon transformation. SEACEF II’s investment in Nami underscores how we are supporting clean energy leaders who have the potential to achieve transformational impact in their markets.”

Mason Wallick, CEO of Clime Capital, said: “We are delighted to support the expansion of Nami Distributed Energy’s groundbreaking clean energy model in Vietnam. This significant funding provides the dual benefit of developing competitive renewable energy facilities while accelerating Vietnam’s progress towards its 2050 decarbonisation target.”

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