The Government of Norway, through Norfund, its official investment fund, has announced investment to develop a 11 MW commercial and industrial (C&I) portfolio of rooftop solar plants in Vietnam. The portfolio was developed and built by Norsk Solar AS with support from Finland-based Finnfund through their joint venture (JV) Nordic Impact Cooperation AS (NIC).

Norsk Solar’s project consists of developing 11 solar power systems Central Retail-owned shopping centres in Vietnam. The firm has also signed a power purchase agreement (PPA) with Central Retail to support the project.