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SAM And HDF Energy Develop Renewable Energy Projects In Vietnam

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The signing ceremony of the Memorandum of Understanding between HDF Energy Company and Saigon Fund Management Company took place at Business France, the French Embassy.

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growatt01-08-2022

The signing ceremony of the Memorandum of Understanding between HDF Energy Company and Saigon Asset Management Company (Saigon Asset Management – SAM) for the development of a chain of power generation projects from hydrogen fuel and renewable energy in Vietnam was held at the French Embassy.

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Attending the event were Mr Nicholas Warnery – Ambassador of the French Republic to Vietnam, Mr Laurent Chopiton – Deputy Economic Counselor, Mr Yann de Kerlivio Frollo – Deputy Director of Business France.

On the side of HDF Energy Company, there were Mr Mathieu Geze – Asia Market Manager and Mr Tran Khanh Viet Dung – Business Development Manager.

On the side of Saigon Fund Management Company, there were the attendance of Mr Kevin Flaherty – Managing Director and Mr Nghiem Xuan Hoang – Investment Director (Energy & Infrastructure).

Representatives of leaders of the two units signed a cooperation agreement under the witness of guests.

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Specifically, the two sides will coordinate to develop and invest in stable renewable energy projects (Renewstable®) and the HyPower® hydrogen gas power project in Vietnam to provide clean, stable energy both day and day. night, contributing to growth towards the future goal of ‘net-zero emissions’. This is the basis for the two sides to implement the next activities, with the goal of effectively using the resources and advantages of each side to build, operate and commercialize power generation projects using proprietary technologies. rights of HDF in Vietnam.

During the ceremony, Mr Nicholas Warnery – Ambassador of the Republic of France to Vietnam emphasized the important role of hydrogen energy as well as the focus of many governments around the world in investing and developing this energy source. , including the French Government, with the framework of the “France 2030” plan.

According to the Ambassador, the cooperation between HDF and SAM to commercialize power generation projects using hydrogen has great significance and prospects, contributing to realizing the goal of achieving net zero emissions by 2020. 2050 of Vietnam as committed at the Conference on Climate Change COP26.

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Speaking after the ceremony, Mr Louis Nguyen – Chairman and CEO of Saigon Asset Management (SAM) said, “The cooperation with HDF Energy in projects using Renewstable technology is in line with the philosophy of Renewstable technology. investment management for SAM’s clean and sustainable energy projects. We believe that Vietnam can accelerate progress towards net zero emissions based on the available renewable energy potential.”

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