EAAIF commits USD 20 million to CME Solar in Vietnam

The Emerging Africa & Asia Infrastructure Fund (EAAIF), managed by Ninety One, has committed USD 20 million to CME Solarin Vietnam to develop a pipeline of rooftop solar projects, potentially scaling to over 260 MWp. 

This investment supports Vietnam’s green growth goals and accelerates the energy transition in key industries like electronics, textiles, and manufacturing. 

With coal accounting for 45% of Vietnam’s energy supply, this initiative aims to reduce carbon emissions and promote renewable energy (RE) adoption, in line with the nation’s target of 39.2% RE by 2030.

CME Solar, established in 2018, operates over 130 MWp of sustainable energy solutions and will use this investment to expand its capacity and strengthen its position in the growing solar market.