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Wednesday, June 26, 2024

Swiss asset manager invests in Vietnam’s clean energy

The Saigon Times

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HCMC – Local renewable energy developer CME Solar Investment (CMES) has completed the debt financing transaction from responsAbility Investments AG (responsAbility), a Swiss asset manager, to promote green power in Vietnam.

ResponsAbility plans to expand its projects to allow clients to directly consume green energy through the business model “zero cost investment”.

ResponsAbility’s financing package will allow CMES to sustainably use natural resources and prevent nearly one million tons of carbon dioxide per year.

CMES is backed by the Vietnam Oman Investment Fund, a sovereign fund established by the Oman Investment Authority and the State Capital Investment Corporation of Vietnam.

CME has been selected as the developer of many large projects such as the Tan Son Nhat International Airport, the Adidas R&D Center and Hwaseung Vina.

Meanwhile, responsAbility manages assets worth US$3.5 billion invested in over 250 fully ESG-managed companies across 68 emerging economies. Since the company’s inception in 2003, responsAbility-managed funds have disbursed more than US$10 billion in private debt and private equity to companies in the financial inclusion, sustainable food and climate finance sectors.

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