August Energy and Mega Energy Launch August Mega Energy, a Dedicated Partnership for C&I Clean Energy in Vietnam

New entity targets >200 MWp of clean energy deployment across Vietnam within three years, backed by institutional committed capital of up to USD 100 million — spanning onsite solar, solar farms, and battery storage for the C&I (commercial and industrial) sector

HO CHI MINH CITY, Vietnam, March 30, 2026 /PRNewswire/ -- August Energy and Mega Energy today announced the formation of August Mega Energy, an exclusive partnership purpose-built to serve the commercial and industrial (C&I) clean energy sector in Vietnam. August Energy, backed by institutional committed capital of up to USD 100 million — comprising equity and debt financing — working with Mega Energy, is targeting >200 MWp of deployed capacity over three years across onsite solar, utility-scale solar farms, and battery energy storage systems (BESS), serving factories, industrial parks, and large commercial facilities nationwide. The exclusive partnership will focus on both new greenfield projects as well as M&A of operating projects and portfolios.

Vietnam has emerged as one of Southeast Asia's most dynamic clean energy markets, driven by surging industrial demand, tightening carbon compliance requirements, and solar power's rapid emergence as the lowest-cost source of power. Yet the C&I segment remains significantly underserved and there is increasing pressure from global supply chain partners to demonstrate credible decarbonisation pathways.

The exclusive partnership will offer clients a full-service model spanning origination, financing, engineering, construction, and long-term operations — with world-class asset engineering and operations, health, safety, and environmental (HSE) standards underpinning every deployment.

Combined, the founding entities bring an active track record spanning multiple countries across Asia, with >500 MWp of solar deployed and/or under development, and a client base that includes multinational manufacturers, industrial park operators, and institutional real estate owners. This depth of operational experience, combined with dedicated Vietnam focus and committed capital base, positions August Mega Energy to move quickly, with discipline, at scale.

Mr Kunal Mehta, CEO, August Energy
"August Energy has built over the last three years, the execution infrastructure - the engineering capability, the relationships, the operating standards — that complex C&I solar and storage projects demand. Partnering with Samresh and his team, brings a level of commercial intensity and on-the-ground execution credibility that is rare in this market - I am confident that together we will build an at scale, profitable platform lasting significance here. Vietnam is a market we know well, and we believe the combination of our development capability with capital creates a genuinely differentiated proposition for C&I customers here. We are open for business and actively looking for our next wave of partners."

Mr Samresh Kumar, CEO, August Mega Energy and CEO, Mega Energy
"Vietnam's C&I energy market is at an inflection point, poised for growth for the next five years. Corporates want clean, reliable, and cost-competitive power - and they want partners who can deliver. August Mega Energy exists to be exactly that partner. We are combining real capital, expertise, on-the-ground presence, and genuine execution capability to scale something meaningful here. Kunal and his team brings the development discipline and engineering rigor this venture demands, with the backing of substantial committed capital signaling the institutional confidence behind what we are building.

I invite industrial parks, factories, EPCs, local banks, and anyone serious about Vietnam's energy transition to reach out and build this market with us."

About August Energy
August Energy is a developer, long-term owner and operator of energy infrastructure assets, helping corporates to meet their decarbonisation goals, profitably, and at scale. The company provides a comprehensive set of integrated energy utilities as a service including renewable energy, energy storage, cooling, heat recovery, and bioenergy with more than 300 MWp in operation, under construction and in development. August Energy is backed by high-quality, institutional capital partners including Aravest (through SDIEF, a fund sponsored by SMBC), Proparco, Green Tower, ResponsAbility Investments AG and InfraCo. Headquartered in Singapore, with offices in Thailand, India, the Philippines and Vietnam, the company works with corporates across Southeast Asia and India.

About Mega Energy
Mega Energy is a new C&I clean energy development and investment platform, with owners and management with a proven track record of project development, investment, and asset management across Asia. The company combines disciplined capital deployment with operational rigor to deliver rooftop solar, solar farm, and BESS projects at scale. 

Media & Partnership Enquiries
August Mega Energy
Mr Samresh Kumar
samresh@august-energy.com

August Energy
Ms Navaporn Siripoke
n.siripoke@august-energy.com
www.august-energy.com

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August Energy and Mega Energy Launch August Mega Energy, a Dedicated Partnership for C&I Clean Energy in Vietnam

MILAN, March 30, 2026 /PRNewswire/ -- Under the theme "Green Vision, Blue Future," Midea used the opportunity to showcase its latest sustainable heating and cooling solutions as well as debuting a transformative evolution of its professional service ecosystem. Moving beyond product excellence, Midea is levelling up their service offering with the Midea HVAC Professional Service System, a holistic framework designed to support the entire lifecycle of its products.

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To add some gravitas to the initiative, a lineup of high-profile leadership was present, including Alex Zhu (GM of Midea Residential Air Conditioning), Dennis Lee (GM of Midea Building Technologies), Meteor Liu (GM of Midea Kitchen & Water Heater Appliances), and Alberto Di Luzio (GM of Midea Italia). An area in the booth was dedicated to demonstrating the three pillars of the service ecosystem:

• Midea Club: A global installation incentive program already active in 21 countries with over 210,000 registered members. Over 400 million installations have been concluded. Contractors share in this achievement by qualifying for rewards. The platform offers additional benefits such as free training, AI assisted tools and more importantly, new business through intelligent follow up support.
• Midea Solutions Hub: Midea collaborates with local partners in setting up stores which serve as professional shared spaces for product display and customization, and doubling up as pickup points for installers to streamline their daily operations.
• Blue Service & Midea Academy: The backbone of Midea's technical support. In Italy alone, Midea operates over 170 assistance centers, including eight specialized Blue Service hubs that act as micro logistics centers for original spare parts. This network ensures high speed and high-quality service, as well as offering technical training, strengthening the brand's local presence and building trust.

A perfect example of this partnership approach was the panel discussion hosted together with the Italian HVAC association, Assoclima, on Installers Driving the Energy Transition. The dialogue focused on the global transition from a "product-centric" model to a "product + service" integrated approach, addressing key topics such as installation standardization and enhancing technician expertise of professional installers to build deeper trust with customers.

Complementing its service framework, Midea displayed a powerhouse lineup of flagship products and regional success stories:

• Residential Air Conditioning (RAC): Midea proudly highlighted the recent success of their R290 split AC rollout in Malta, a great blueprint for success in the rest of Europe. Also featured was the H-Pack indoor heat pump, which secured the MCE Excellence Award for its installer friendly design. The well-loved PortaSplit range, which has been recognized by TIME as one of the "Best Inventions of 2025", saw the debut of a new product, the PortaSplit Cool. Solstice also drew much attention with its AI powered energy saving, reducing consumption by over 30%. Completing the picture was MHELIOS, the energy management and storage solution, optimized for dynamic energy pricing.
• Midea Building Technologies (MBT): The new V9 VRF system, equipped with R32 refrigerant and second gen electronic control, was one of the focal points in the commercial solution display zone. MBT introduced a full range of R290 heat pumps and data center cooling systems with Power Usage Effectiveness (PUE) ratings as low as 1.2.
• Kitchen & Water Heater Appliances (KWHA): Responding to Europe's energy transition goals, Midea presented A++ energy rated heat pump water heaters, low NOx gas water heaters, and solar integrated models that allow for seamless synchronization with residential PV systems. The solutions prioritize durability (e.g. hard water conditions) and were designed for small household spaces.

Innovation, state-of-the-art technologies and the evolution of Midea's service and partner program are changing the face of the HVAC industry.

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MCE 2026: Midea Unveils its Professional Service Ecosystem for "Green Vision, Blue Future"

MCE 2026: Midea Unveils its Professional Service Ecosystem for "Green Vision, Blue Future"