110 MW  additional capacity
160GWh/year clean electricity
84,745 tCO2eq/year emissions avoided
up to 350 construction jobs

CI One’s investment will be used to finance the construction of the Projects which will support the governments’ ambition of reducing reliance on fossil fuels through promoting efficient exploitation of renewable energy sources and increasing their proportion in energy production and consumption. In order to achieve this goal, Vietnam and Indonesia have identified improving financial mechanisms and mobilising capital in investments in and development of the renewable power sector. To reach these goals, the governments will need to take measures to encourage independent power producers into the market with new sources of funding to finance the country’s transition.

The environmental and social risk (“E&S”) of the Projects has been classified as category B (in accordance with CIO’s risk categorisation), which is equivalent to International Finance Corporation (IFC) Category B.  Given the nature of the investment, which comprises rooftop solar installations on existing C&I buildings in urban areas, potential impacts will be minimal, site-specific, and readily managed/mitigated. The main E&S impacts and risks relate to health, safety and labour in the Southeast Asia construction sector, particularly when contracting labour through third parties, and also exposure to reputational risks of client facilities. Key environmental aspects to consider in the ongoing management of the portfolio includes use of water and disposal of waste, including end-of-life solar panels.