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
Approval Number Facility Fund Source Amount Status
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
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

Contact

Responsible ADB Officer
Alembik, Claire
Responsible ADB Division
Infrastructure Finance Division 2
Responsible ADB Department
Private Sector Operations Department

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.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

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.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.