Norsk Renewables completes strategic sale of Central Retail rooftop solar portfolio in Vietnam
The Central Retail rooftop solar portfolio stands as one of Norsk Renewables’ most significant achievements in advancing clean energy inVietnam. Developed to power Central Retail’s operations across 10 shoppingmalls, this project embodies our commitment to sustainability and innovation.
Portfolio highlights:
- 11 MW of installed capacity
- Delivering 11,700+ MWh of renewable energy annually
- Avoiding 8,100 tonnes of CO₂ emissions every year
Beyond the numbers, this portfolio represents our vision toenable businesses to transition to greener operations while reducing costs andenvironmental impact.
As this portfoliomoves to Verdant Energy, we are pleased to see its continued journey under apartner equally dedicated to scaling renewable solutions. For Norsk Renewables,the Central Retail project remains a proud legacy—proof that collaboration andambition can drive meaningful change for communities and the planet.
We extend ourgratitude to Verdant Energy, Norfund, and Finnfund for their collaboration andtrust throughout this process. Together, we have strengthened the foundationfor future growth in Vietnam’s renewable energy sector.
Looking ahead:
This successful divestment enables Norsk Renewables to focus on scaling newprojects and expanding our impact across emerging markets. We remain committedto driving innovation and creating value for our partners and stakeholders.
This transaction marks a successful outcome for Norsk, Norfund and Finnfund, ensuring these projects will continue delivering clean, reliable energy to Vietnam's commercial sector under Verdant's stewardship. We are proud to have partnered with Verdant and AP Møller Capital, who share our commitment to quality and ESG values.
- Torbjørn Elliot Kirkeby-Garstad, CEO of Norsk Renewables
We are excited to acquire this high-quality portfolio of 10 operating commercial rooftop solar projects, marking Verdant Energy's entry into the segment and expanding our operations to 9 provinces across Vietnam. We are proud to partner with Central Retail Group as a strong and strategic off taker and look forward to deepening our collaboration. We also value our continued partnership with responsAbility, whose project financing reflects the strength and quality of this portfolio. Our appreciation goes out to the Nordic Impact Cooperation (NIC) for delivering a well-managed portfolio developed to international ESG standards. With this milestone, Verdant Energy reaffirms its confidence in Vietnam's renewable energy potential and commitment to expanding our footprint across the country.