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Korea and Vietnam signed renewable energy cooperation agreements during a bilateral summit, strengthening ties in solar, wind, and storage projects. Additional MOUs cover nuclear energy human resource development and critical mineral supply chains. Backed by a USD 12 million program, the initiatives aim to accelerate Vietnam’s energy transition and deepen economic partnership.
Vietnam’s direct power purchase agreement (DPPA) model is advancing as corporates adopt green energy. VinEnergo will supply rooftop solar-plus-storage systems to Vingroup factories, while KN Holdings and Samsung C&T plan 864 MW floating solar projects. Both initiatives highlight DPPA’s growing role in driving Vietnam’s corporate decarbonization and net-zero ambitions.
Green startups in Southeast Asia are facing funding slowdowns as global investor interest in climate tech declines. Despite challenges like cash flow issues and delayed scaling, many continue to prioritize their climate goals by streamlining operations, building local partnerships, and focusing on long-term impact over rapid growth.
*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' .
Clime Capital’s Southeast Asia Clean Energy Fund II (SEACEF II) has reached its maximum capitalization with $175 million committed. The fund will invest in early-stage clean energy projects across Southeast Asia, including solar, wind, and energy efficiency, aiming to accelerate the region’s transition to low-carbon, climate-resilient energy systems.
**Photo credit: TN Global