CME SOLAR INVESTMENT JOINT STOCK COMPANY
Awards and Recognition:
2021
Company details
CEO/Director’s Name
Mr. Chung Dieu Tuan
Designation
CEO
Address
31 Dang Duc Thuat,
Tan Phong Ward,
District 7, Ho Chi Minh City
31 Dang Duc Thuat, Tan Phong Ward, District 7, Ho Chi Minh City
Head Count
45
Website
Founded in 2018, CME group cements its position in the market with a good track record. So far, the company has served over 100 clients across 20 industries. Only three years since its establishment, over 200 million MWp have been installed and over 2GWh electricity generated each year.
CMES is backed by Vietnam Oman Investment Fund, a sovereign fund established by Oman Investment Authority and State Capital Investment Corporation of Vietnam. The company follows the United Nations Sustainable Development Goals to end poverty, protect the planet and ensure that its development balance social, economic, and environmental sustainability.
CMES is backed by Vietnam Oman Investment Fund, a sovereign fund established by Oman Investment Authority and State Capital Investment Corporation of Vietnam. The company follows the United Nations Sustainable Development Goals to end poverty, protect the planet and ensure that its development balance social, economic, and environmental sustainability.
Recently, CME Solar Investments (CMES), one of the country’s leading renewable energy developers, has completed the transaction of debt financing from leading impact investment fund responsAbility Investments AG (responsAbility).
The financing package is to support CMES to promote green power for the C&I segment in Vietnam as the company plans to expand a significant number of projects which will allow its clients to directly consume green energy through the business model “Zero Cost Investment”.
Operating under the model of Zero Cost Investment, CME is fully responsible for 100% of investment, installation, operation, and maintenance of the solar system. Clients use green energy with special prices lower than EVN’s price. With those great solutions, CME has been selected as the developer of many large projects such as Tan Son Nhat International Airport, Adidas R&D Center, Hwaseung Vina, etc.
Besides its strengths, CME is also leveraging the advantages of its financing partners to accelerate its expansion plan with Vietnam Oman Investment Fund and responsAbility.
The financing package is to support CMES to promote green power for the C&I segment in Vietnam as the company plans to expand a significant number of projects which will allow its clients to directly consume green energy through the business model “Zero Cost Investment”.
Leveraging strengths to make difference
The renewable energy sector gets wide approbation globally and Vietnam is no exception. As of December 2020, the total installed capacity of solar power across the country reached about 19,400 MWp, according to statistics of EVN. The three-year-old company provides “end-to-end solutions” with strong capabilities across the value chain design – engineering – procurement – O&M leads to control over the quality, timelines, and costs. In addition, thank the advantage of owning warehouses with ready inventories, so CMES avoids the lead time of delivery so all the projects have been completed on time.Operating under the model of Zero Cost Investment, CME is fully responsible for 100% of investment, installation, operation, and maintenance of the solar system. Clients use green energy with special prices lower than EVN’s price. With those great solutions, CME has been selected as the developer of many large projects such as Tan Son Nhat International Airport, Adidas R&D Center, Hwaseung Vina, etc.
Besides its strengths, CME is also leveraging the advantages of its financing partners to accelerate its expansion plan with Vietnam Oman Investment Fund and responsAbility.
Creating sustainable value
By qualifying for the clean power debt financing, CMES has proven its long-term development goals, implementation capacity and strict compliance with safety, quality, environmental and social (E&S) criteria in every one of its projects.After each installed project, CME will host charity events in the local area together with clients, including building new schools, providing equipment and provide medicine masks. “Our goal is to create tangible and measurable impact in our community,” said Chung. The CME’s contributions in the journey of developing green energy and creating sustainable value for the community have been recognized by the global experts.
Surpassing over 100 nominations from around Vietnam, CME was named the Solar Project Investor of the Year at the Solar Future Awards Ceremony in Shanghai, China on November 9. In addition, in October, CMES has been chosen as winners of the “The Investor in Solar - Renewable Energy” 2021 at in the Top Strong Brand 2020 – 2021.
The company is capable of satisfying all the high-standard requirements of the category for solar energy investors in terms of construction time, the number of projects installed annually, criteria on health, safety, and environment, etc.
“Sustainable growth, decarbonization, and energy security are key themes for both developed and emerging markets globally. We are on the right path to join other global developers to create a better world,” said Chung.
The company is capable of satisfying all the high-standard requirements of the category for solar energy investors in terms of construction time, the number of projects installed annually, criteria on health, safety, and environment, etc.
“Sustainable growth, decarbonization, and energy security are key themes for both developed and emerging markets globally. We are on the right path to join other global developers to create a better world,” said Chung.
