SkyX Solar – Bringing the Power of Renewable Energy to Businesses

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SkyX Solar proudly offers international standard rooftop solar solutions for commercial and industrial customers, contributing to the clean energy transition in Vietnam.

Owned by two major shareholders, VinaCapital Group – a leading investment and real estate management firm headquartered in Vietnam, with a diversified portfolio of USD 4 billion in AUM, and EDF Renewables – Europe’s largest renewable energy company, currently leading the international market with a total installed capacity of 13.8 GW worldwide and an annualized EBITDA of more than 1 billion USD.

Together with VinaCapital and EDF Renewables, SkyX Solar aims to support companies in achieving their “Net-Zero” emissions commitment through Direct Power Purchase Agreements (DPPA), when specific guidance is provided and regulations permit, by developing solar energy farms and wind farms in Vietnam.

Rooftop solar system at An Phat factory

SkyX Solar has successfully raised over $100 million to invest and develop more than 100 MW of rooftop solar projects across more than 40 facilities throughout Vietnam. Their clients include reputable names such as Mondelez, An Phat, Nike OEM, New Balance OEM, Tan A Dai Thanh Group, Minh Phu Group… taking the lead in advocating for the shift towards renewable energy sources.

SkyX Solar offers all-inclusive rooftop solar systems, with zero capex, zero opex, and hassle-free solutions for C&I customers. Along with reducing carbon emissions and saving consumers millions of dollars in electricity costs, our solutions also address the demand for sustainable energy development.

The strength of SkyX Solar lies in its experienced team of engineers and experts in the renewable energy industry in Vietnam. SkyX Solar places significant emphasis on gaining access to cutting-edge technologies, demonstrating a firm commitment to long-term system quality, and adhering to international standards for health, safety, and environment (HSE). Moreover, SkyX Solar has developed a “Lived-tracking Advanced Performance Indicators” and “Green Dashboard” for their clients. These tools provide real-time data on the energy output produced and the environmental impact of the rooftop solar system, helping to promote transparency and responsibility in the green initiatives of clients.

Currently, the critical issue of power shortage in Vietnam cause affecting the manufacturing activities of businesses, expected to persist for years and create pressure on the energy source for production. This also puts pressure on multinational corporations as they have to report on emissions in their annual shareholder reports.

SkyX Solar is dedicated to assisting corporations in realizing their ambitions of complete reliance on renewable energy sources, achieving sustainability, and fulfilling Net-Zero commitments. Our ongoing collaboration with industry-leading manufacturers across diverse sectors—including textiles, seafood, food, and beverages—underscores our commitment to this cause. We offer a comprehensive suite of solutions tailored to our clients’ needs, encompassing Direct Power Purchase Agreements (DPPA), advanced Energy Storage Batteries (BESS), and the provision of Renewable Energy Certificates (RECs).

With strong growth in just 4 years, SkyX Solar has established its position in the renewable energy industry and was honored with the prestigious “Fast Enterprise Award” at the Asia Pacific Enterprise Awards 2023. This event, which took place last October, marked an important turning point in the company’s development, showcasing theirs excellence and confirming SkyX Solar’s leading position in the market.

Also at the ceremony, Mr. Samresh Kumar, Chairman and CEO of SkyX Solar, was honored with the “Master Entrepreneur Award”.

Mr. Samresh Kumar and his experienced team have driven the company’s development through tireless innovation and exceptional vision.

In his speech at the ceremony, Mr. Samresh Kumar expressed his sincere gratitude to the team of experts, all employees, and shareholders for their contributions to the company’s success. Most importantly, he shared SkyX Solar’s mission to contribute to the planet’s sustainability and to aim for a “green” future. As a rapidly developing renewable energy company, he identified SkyX Solar’s core values as (1) continuous innovation, (2) constant development with a spirit of collaboration, and (3) pursuing long-term goals with quality and results that are evident in the short term.

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