responsAbility and GreenYellow sign loan for Vietnam rooftop solar projects

September 20232 min readClimate FinanceEnergy, Emerging Markets, Green Lending

Ho Chi Minh / Zurich - A responsAbility climate fund, as part of a syndicate led by Asian Development Bank (ADB), and GreenYellow Smart Solutions Vietnam Co., Ltd. have signed a loan agreement to support rooftop solar photovoltaic (PV) installations in Vietnam. This investment aims to expand clean and affordable energy to the country's commercial, and industrial sectors, aligning with Vietnam’s broader energy strategy.

Established in Vietnam, GreenYellow Smart Solutions Vietnam Co., Ltd. specializes in developing and operating rooftop solar PV systems for commercial and industrial enterprises. With this secured loan, the company aims to respond to the growing energy demand in the country. The financing package of USD 13.8 million includes contributions from responsAbility climate fund, ADB, FMO, and Societe Generale, with ADB acting as the mandated lead arranger.

Vietnam's solar energy outlook

Vietnam's energy strategy has increasingly emphasized solar energy to meet the growing energy consumption which is linked to economic growth. To reduce its fossil fuel dependency, Vietnam is moving toward a more diversified energy mix, with an emphasis on renewable energy sources.

Given the country’s geographic advantages for sunlight exposure, solar energy is gaining prominence. The Vietnamese government policies support both large-scale and rooftop solar projects, aiming to generate a significant percentage of its energy needs from solar sources by 2030.

Collaboration in line with national goals

This latest collaboration between GreenYellow Smart Solutions Vietnam and the responsAbility climate fund aligns with Vietnam's broader energy goals. The common goal is clear: to make progress in the renewable energy sector and ensure long-term sustainability and economic stability for Vietnam.

About GreenYellow Established in 2007, GreenYellow is a French energy company, specializing in decentralized solar photovoltaic production, and energy efficiency, storage and energy services. It currently operates in 16 countries across Asia, Africa, Europe, and South America, and entered Vietnam in 2019. GreenYellow is responsible for the development, funding and operation of infrastructure projects, enabling its clients to produce local and competitive green power, reduce their energy consumption and fast-track their decarbonization.

About responsAbility Investments AG responsAbility is a leading Swiss impact asset manager with deep expertise in private market investing across emerging markets. The company provides debt and equity financing to financial institutions, enterprises and mid-market funds, designed to generate measurable positive outcomes for people and planet alongside competitive financial returns. Impact and ESG are embedded throughout the investment process and supported by active engagement. As of 31 March 2026, responsAbility manages USD 5.9 billion in assets invested in around 70 countries and works with institutional, private and public sector investors to invest capital at scale.

Founded in 2003, responsAbility has deployed more than USD 17.8 billion in impact investments. Since 2022, responsAbility has been part of M&G Investments, a business of M&G plc, a global savings and investments group with asset management and insurance capabilities and a long-term institutional ownership base.

Contact

Richard Rogers
responsAbility Investments AG
+41 44 403 2151
media@responsability.com

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