Clime Capital Management Private Limited (Clime Capital) has invested in the development of a 500 MWp floating solar project in Vietnam that will be coupled with a 200 MWh battery storage system. The investment was made through the South East Asia Clean Energy Facility (SEACEF). The project is located in Dong Nai Province and is being developed by Blueleaf Energy with over 500 MW of realised solar projects in the Asia-Pacific region and 2 GW globally.
Clime Capital’s investment is a part of its aim to boost the use of advanced technologies like solar and storage peaking plants to address Vietnam’s power shortage issues in a cost-effective sustainable manner.