DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH has announced its involvement in a solar platform initiative in Vietnam and Thailand. The organization is investing approximately USD 28 million in equity capital into the YieldCo solar platform. This capital will facilitate purchasing shares in the platform and contribute to further renewable energy ventures, supporting both countries in their shift towards climate neutrality.
French company GreenYellow established the platform and promotes green electricity production across 15 countries globally. Financial support is also being provided by French impact investment fund STOA Infra & Energy.
Monika Beck, a member of DEG's Management Board, expressed excitement about the partnership: “We are delighted to be working with GreenYellow and STOA in Thailand and Vietnam. DEG has a strategic focus on sustainable, high-impact investments – thus it has relevant expertise that it can also contribute to this equity investment in a sustainable energy platform that supports private companies in their transformation process towards a climate-neutral energy supply.”
With DEG's investment, the operational capacity of these solar plants is set to expand, reaching 400 MWp (megawatt peak) annually by 2026. This green electricity will be generated through floating systems or rooftop solar panels, mainly for commercial use. Local SMEs stand to benefit through reduced energy costs and independence from traditional energy sources.
DEG, recognized as one of Europe's largest development finance institutions, continues to support sustainable efforts by private enterprises. In 2024, DEG committed nearly EUR 1.2 billion towards investments aimed at climate and environmental preservation. Analysis from the same year highlighted DEG's impact, with customers generating 25 TWh of green electricity annually, benefitting over 46 million people and preventing more than 13 million tons of CO2 emissions.