DEG participates in solar platform for South East Asia

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH is contributing around USD 28 million in equity capital to the YieldCo solar platform in Vietnam and Thailand. The equity capital will finance the acquisition of shares in the platform as well as further investments aimed at expanding renewable energy production. The aim is to boost the transformation of both countries’ rapidly growing economies towards climate neutrality.

The platform was set up by French operating company GreenYellow, which supports green electricity production and energy efficiency measures in 15 countries worldwide. Equity capital is also being provided by French impact investment fund STOA Infra & Energy.

Annual green electricity generation of up to 400 MWp

Speaking about the collaboration, Monika Beck, member of the Management Board of DEG, commented: “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.”

Sustainable energy supply for SMEs in Thailand and Vietnam

With DEG's participation, it will be possible to expand the capacity of the solar plants in operation to 400 MWp (megawatt peak) annually by 2026. The green electricity is produced using different types of systems: floating systems or solar panels installed permanently on roofs. The electricity generated will be used primarily for commercial purposes. First and foremost, it will supply local SMEs, which will benefit from the resulting lower energy costs and a self-sufficient energy supply.

As one of Europe’s largest development finance institutions, DEG supports sustainable and high-impact undertakings run by private companies. In 2024, DEG committed a total of almost EUR 1.2 billion to investments with climate and environmental protection objectives. A portfolio analysis from 2024 shows that DEG customers produce 25 TWh of green electricity annually for over 46 million people, thus avoiding more than 13 million tons of CO2 emissions.