Viet Nam : GreenYellow Smart Solutions Rooftop Solar Project

Nonsovereign Project | 56245-001

The project entails the development of 45 solar photovoltaic systems located on the premises of large commercial and industrial consumers throughout Viet Nam, with a total installed capacity of 32.3 megawatts. Rooftop solar is an emerging form of renewable energy supply that has the potential to meet a significant portion of Vietnam's future energy needs and clean energy targets. The project will unlock significant growth potential for rooftop solar business in Viet Nam where local bank financing is not yet readily accessible for these projects. The project will also strengthen the institutional capacity of the Borrower to integrate gender-inclusive work practices and promote greater participation of women in the renewable energy industry.

Project Details

  • Project Officer
    Alembik, Claire
    Private Sector Operations Department
    Request for information
  • Approval Date
    17 July 2023
  • Country/Economy
    Viet Nam
  • Sector
    • Energy
Project Name GreenYellow Smart Solutions Rooftop Solar Project
Project Number 56245-001
Borrower / Company GreenYellow Smart Solutions Vietnam Co., Ltd.
Country / Economy Viet Nam
Location Nation-wide, Ho Chi Minh City
Type or Modality of Assistance
0896 Grant Climate Innovation and Development Fund USD 3.00 million Approved
4329 Loan Ordinary capital resources USD 3.30 million Approved
Operational Priorities OP2: Accelerating progress in gender equality
OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability
OP4: Making cities more livable
Sector / Subsector

Energy / Renewable energy generation - solar
Gender Effective gender mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Infrastructure Finance Division 2
Responsible ADB Officer Alembik, Claire
Project Sponsor(s) GreenYellow SAS
Description The project entails the development of 45 solar photovoltaic systems located on the premises of large commercial and industrial consumers throughout Viet Nam, with a total installed capacity of 32.3 megawatts. Rooftop solar is an emerging form of renewable energy supply that has the potential to meet a significant portion of Vietnam's future energy needs and clean energy targets. The project will unlock significant growth potential for rooftop solar business in Viet Nam where local bank financing is not yet readily accessible for these projects. The project will also strengthen the institutional capacity of the Borrower to integrate gender-inclusive work practices and promote greater participation of women in the renewable energy industry.
Objectives and Scope The project has three outputs: (i) portfolio of solar photovoltaic rooftops installed with a total capacity of 32.3 MWp,; (ii) local employment generated in a gender- inclusive manner, and (iii) gender inclusiveness of GYSS's the workplace enhanced
Linkage to Country/Regional Strategy The project is consistent with and supports the draft eighth National Power Development Plan, 2021 - 2030 (Draft PDP VIII) in Viet Nnam
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects The solar photovoltaic systems installed on the rooftops of existing C&I buildings are considered to have minimal potential environmental impacts, require no land acquisition, and have no potential adverse impacts on indigenous peoples.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 21 Oct 2022
Credit Committee Meeting 10 Mar 2023
Approval 17 Jul 2023
Last PDS Update 17 Jul 2023

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Title Document Type Document Date
GreenYellow Smart Solutions Rooftop Solar Project: Gender Action Plan Gender Action Plans May 2023
GreenYellow Smart Solutions Rooftop Solar Project: Report and Recommendation of the President Reports and Recommendations of the President May 2023
GreenYellow Smart Solutions Rooftop Solar Project: Initial Poverty and Social Analysis Initial Poverty and Social Analysis Mar 2023

Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.

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