Hydrogène de France SA, known as HDF Energy, has announced the development of renewable power plant projects in Vietnam.
For this, the company has already the signing of a Memorandum of Understanding with Saigon Asset Management.
HDF Energy is a global pioneer in hydrogen energy, while Saigon is a fund management, capital advisory, and power developer firm based in Vietnam.
It has been reported that the “Renewstable multi-megawatt power plants produce entirely renewable, stable and dispatchable electricity 24/7 with zero greenhouse gas emissions.” It will be invented and developed by HDF Energy.
According to the company, this agreement reflects HDF Energy's focus on Vietnam to expand its footprint in Southeast Asia. The company has already worked in Indonesia, Malaysia, Cambodia and Philippines earlier this year.
In terms of Saigon, it said that the project is a continuation of its commitment to the development of the energy sector and expansion of its investment portfolio to hydrogen power generation.
“The collaboration with HDF Energy on Renewstable portfolio aligns with our sustainable and responsible energy investment philosophy. We believe Vietnam can accelerate toward its net zero emission target using its own available renewable resources,” Louis Nguyen, CEO and Founder of Saigon Asset Management, commented.
Damien HAVARD, Founder and CEO of HDF Energy, remarked, “Vietnam has shown great ambition to decarbonize its electrical grid. HDF' Renewstable and Hypower will accompany this ambition. HDF is proud to collaborate with SAM to make green hydrogen happen in Vietnam.”