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Source: Market Daily Market Daily Staff March 5, 2025 By: Francie Miller As industries worldwide face unprecedented energy demands, the need for reliable, scalable, and sustainable power solutions has become increasingly critical. Among the leaders in next-generation energy infrastructure investments is Pacifico Energy Group , a global company dedicated to developing and financing innovative energy projects. With a strong track record in renewable energy, private infrastructure, and independent power production (IPP), Pacifico Energy Group is contributing to reshaping the future of energy by focusing on distributed generation (DG), microgrids, and behind-the-meter (BTM) solutions. Under the leadership of Leon (Lee) Jeremy Persaud , Managing Director of North American Energy Investments, Pacifico Energy Group is expanding its presence in North America, actively seeking and funding promising investment opportunities that address the growing supply-demand gap in energy markets. A Legacy of High-Impact Energy Investments Founded with a vision to develop scalable, long-term energy solutions, Pacifico Energy Group has built a reputation as a significant player in renewable energy investment and development. One of the company’s most recognized achievements is Pacifico Energy Japan, which has grown into one of Japan’s largest solar energy developers. This accomplishment demonstrates Pacifico’s ability to identify high-growth markets and execute large-scale projects effectively. In the U.S., Pacifico Energy Group observed early on that utility-scale renewable projects faced significant structural roadblocks—from regulatory hurdles to grid limitations. As a result, the company shifted its investment strategy, focusing on distributed generation and private energy solutions, leading to the creation of Pacifico Power, a subsidiary aimed at addressing energy resiliency challenges for AI, data centers, and industrial facilities. With the global shift toward AI-driven technologies, cloud computing, and digital infrastructure, demand for electricity is increasing rapidly, often outpacing the capacity of traditional power grids. Pacifico Energy Group is addressing this challenge by investing in on-site, scalable, and resilient power solutions that aim to provide continuous energy access for mission-critical operations. Pacifico Energy Group’s Investment Strategy At its core, Pacifico Energy Group’s investment strategy is focused on addressing the evolving challenges of the energy sector while aiming to deliver strong returns for investors. The firm follows a three-pronged approach to energy investments: Deploying Capital into Distributed Energy Solutions The modern power grid often struggles to scale fast enough to meet growing industrial and technological demands. Pacifico Energy Group provides funding for: Microgrids and behind-the-meter (BTM) solutions. Private infrastructure energy projects. Off-grid, on-site power generation for large-scale energy consumers. These investments help businesses maintain energy security and independence, potentially reducing reliance on the increasingly strained public grid. Prioritizing Scalable, High-Impact Energy Projects Pacifico Energy Group strategically funds projects that cater to industries most affected by power shortages. Key targets include: Data centers. AI processing hubs. Heavy manufacturing facilities. Renewable energy platforms. By focusing on high-demand energy sectors, Pacifico aims to ensure its investments yield long-term, scalable solutions. Bridging the Gap Between Private Capital and Energy Needs One of Pacifico Energy Group’s key strengths is its ability to connect private capital with high-value energy projects. The firm collaborates with private equity firms, infrastructure investors, and energy developers to: Create new investment opportunities. Fund cutting-edge energy solutions. Scale energy infrastructure projects across North America. By bridging this gap, Pacifico is helping to accelerate the transition to more sustainable and resilient power systems. Why Pacifico Energy Group Stands Out Unlike many traditional energy investment firms, Pacifico Energy Group takes an action-oriented, results-driven approach. Here’s what makes the company notable: Industry Expertise Pacifico Energy Group is led by a team of seasoned professionals with backgrounds in private equity, investment banking, and energy infrastructure development. This expertise enables the firm to identify and execute potentially high-value investment opportunities. Proven Track Record of Success The company’s leadership team, including Leon (Lee) Jeremy Persaud , has a history of structuring multi-billion-dollar capital raises and M&A transactions in the energy and financial sectors. Persaud, in particular, has been instrumental in securing over $31 billion in capital and facilitating several major energy deals. Future-Ready Energy Solutions Pacifico Energy Group is not just investing in today’s energy market—it is actively working to shape the future of energy resilience. The firm focuses on high-impact projects that are designed to remain viable for decades, contributing to a stable and scalable power infrastructure. Commitment to Sustainable and Reliable Energy While the company prioritizes renewable energy solutions, it also acknowledges the realities of the current energy market. Pacifico takes a pragmatic approach, recognizing that natural gas may serve as a necessary bridge to a fully decarbonized future. The Future of Energy: Pacifico Energy’s Role in a Changing Market As industries continue to seek reliable power, Pacifico Energy Group is positioning itself to provide real, scalable solutions. The company’s investment philosophy, combined with its expertise in infrastructure development, positions it as a significant contributor in the energy sector. Looking ahead, Pacifico Energy Group is expanding its investments in North America, targeting new energy solutions for AI, data centers, and industrial-scale power consumers. The company’s leadership, particularly through Leon (Lee) Jeremy Persaud , is working to ensure that Pacifico remains at the forefront of the energy transition. For more information on Pacifico Energy Group’s investment strategies and ongoing projects, visit Pacifico Energy Group .   Disclaimer : This content is for informational purposes only and is not intended as financial advice, nor does it replace professional financial advice, investment advice, or any other type of advice. You should seek the advice of a qualified financial advisor or other professional before making any financial decisions.     Published by Mark V.

In the face of rising energy costs and increasing environmental concerns, industrial businesses are searching for smarter ways to power their operations. Solar energy offers businesses a way to slash utility bills, gain energy independence, and boost their sustainability efforts. In this blog, we'll explore why industrial solar panels are not just an attractive option but a strategic move that can drive long-term financial success for your business. Understanding the Growing Energy Challenges for Industrial Businesses Energy is at the heart of every industrial operation, and as energy demands increase, so do the costs to keep those operations running smoothly. Unfortunately, utility bills are on the rise, and this trend doesn't seem to be slowing down anytime soon. Industrial facilities are feeling the heat as traditional energy sources like fossil fuels become more expensive and unreliable. The big issue here is twofold: Rising Utility Costs : As more energy is consumed, the costs to maintain daily operations keep climbing, eating into profit margins. Environmental and Market Instability : Fossil fuel prices fluctuate, making it hard to predict energy expenses. Plus, the environmental toll of using non-renewable energy sources is catching up with us, creating both regulatory and reputational challenges for industries. So, what's the solution? More and more industries are turning to solar energy to combat rising energy costs and make their operations more sustainable. The Financial Benefits of Industrial Solar Panels Let's get straight to the good part: savings. The biggest reason businesses are switching to solar is the significant cost savings they can achieve. Industrial solar panels allow businesses to produce their own electricity, which means fewer monthly payments to the utility company and more money in their pockets . Here's how industrial solar panels can help reduce your operational costs: Immediate Savings : By generating your own electricity, you can reduce your reliance on the traditional energy grid, which means your energy bills will drop immediately. Long-Term ROI : Solar panels are a long-term investment. While there's an upfront cost, the ROI (return on investment) is strong. In most cases, solar installations pay for themselves within a few years, and the savings continue for decades. Increased Property Value : Solar-powered facilities often see a rise in property value, which is a nice bonus if you ever decide to sell or lease your building. Why Boosting Energy Independence and Security With Solar Is Crucial Relying on the energy grid can be risky. Blackouts, price hikes, and general uncertainty can throw a wrench in your industrial operations. With industrial solar panels, you can reduce that risk and gain more control over your energy supply. Here's why energy independence matters: Less Dependence on the Grid : When you produce your own energy, you're less reliant on external sources that are prone to outages and price fluctuations. You're essentially insulating your business from the volatility of the energy market. Enhanced Power Security : Power outages can disrupt production and lead to financial losses. With solar panels and energy storage systems (like batteries ), you can keep your operations running smoothly—even if the grid goes down. How Industrial Solar Panels Boost Sustainability and Corporate Responsibility It's not just about the bottom line. In today's business landscape, sustainability is a must. Customers, investors, and stakeholders are demanding that companies do their part to reduce their carbon footprint and protect the planet. Solar energy tech provides a straightforward way for industries to demonstrate their commitment to corporate social responsibility (CSR) while also reaping financial benefits. How solar energy enhances sustainability: Reduced Carbon Emissions : Solar power is a clean energy source that doesn't produce harmful emissions. By installing solar panels, you're directly contributing to reducing your company's carbon footprint. Positive Brand Image : Companies that prioritize sustainability tend to have a stronger brand reputation. Solar panels signal to your customers, investors, and partners that your company is serious about being eco-friendly, which can lead to increased customer loyalty and even new business opportunities. Breaking Down Key Government Incentives for Industrial Solar Panels One of the best parts about going solar is that there's a lot of financial support available. At the federal and state levels, governments offer tax incentives and rebates to make solar energy more accessible and affordable for businesses. Make sure to take advantage of these benefits: Tax Credits : The Federal Investment Tax Credit (ITC) allows businesses to deduct a significant portion of the cost of installing solar systems from their taxes. This reduces the overall installation cost and makes solar a more attractive option. State and Local Rebates : Many states offer additional financial incentives to encourage businesses to adopt renewable energy. These rebates can further reduce the cost of going solar, allowing you to see a quicker return on your investment. Flexible Financing Options : There are various ways to finance solar installations, from outright purchasing to leasing or entering into a Power Purchase Agreement (PPA). This flexibility means that even businesses with tight budgets can find a solar financing model that works for them. 5 Key Considerations When Transitioning to Industrial Solar Panels While the benefits of solar energy are clear, it's important to approach the transition with a well-thought-out plan. Here are five key things to consider when making the switch: Evaluate Your Energy Needs : Before investing in solar energy, assess your current energy usage and future needs. This will help you determine the right size and type of solar system for your facility. Understand the Financial Impact : Look into the costs, savings, and available financing options. Calculate how long it will take for your solar investment to pay off and what kind of financial incentives you can tap into. Choose the Right Solar Provider : Not all solar providers are the same. Choose a provider specializing in industrial solar solutions with a track record of successful installations. Plan for Maintenance : While solar panels require minimal maintenance, it's important to have a plan in place for routine inspections and occasional cleaning to keep them performing optimally. Factor in Scalability : As your business grows, your energy needs might increase. Ensure that your solar system is scalable so that you can add more panels or storage as needed in the future. Don't Let Rising Energy Costs Cut Into Your Bottom Line Industrial solar panels can help your business reduce expenses, increase energy independence, and boost sustainability. Contact Pacifico Energy today to explore customized solar solutions designed for your industry's unique needs and start reaping the financial and environmental rewards.

Ground-mounted solar systems are an excellent option for businesses looking to reduce energy costs and embrace sustainability. However, understanding the financial aspects of such an investment can be daunting. From installation expenses to financing options like loans, leases, and power purchase agreements (PPAs), we're here to break down what you need to know about the costs of ground-mounted solar installations for commercial properties Understanding Financing Options for Ground-Mounted Solar Financing a commercial solar installation for ground-mounted projects doesn't have to be overwhelming. In fact, several options are available to help businesses manage the cost of going solar, ranging from loans and leases to power purchase agreements (PPAs). Let's break down these options to help you understand which one might best fit your business. Solar Loans A solar loan allows your business to finance the entire cost of the installation upfront and pay it off over time, often with low interest rates. This option is ideal for businesses that want to own their solar system outright but prefer to spread out the payments. With a loan, the solar panels become an asset, meaning your business can take full advantage of tax incentives and depreciation benefits, significantly reducing the total cost over time. Additionally, once the loan is paid off, you'll continue to benefit from free electricity for the life of the system, making this a great long-term investment. Solar Leases A solar lease is an appealing option for businesses that don't want to own the solar system or deal with the upfront costs. With a lease, your business pays a fixed monthly fee to use the solar system, but the ownership remains with the solar provider. This allows you to take advantage of lower electricity costs without worrying about installation or maintenance. The primary advantage of a solar lease is predictable monthly payments, which can make budgeting easier. However, since you don't own the system, you won't be able to claim tax incentives or rebates that are available to system owners. Power Purchase Agreements (PPAs) A Power Purchase Agreement (PPA) offers another financing alternative where your business pays only for the electricity generated by the solar system, not the system itself. Under a PPA, a third-party developer installs, owns, and maintains the system on your property, and you simply buy the power it produces at a fixed rate. PPAs are a great option for businesses that want to go solar without any upfront investment. The cost of the electricity is typically lower than the price of power from the grid, allowing you to save on energy bills from day one . Plus, since the provider owns and maintains the system, you don't have to worry about maintenance costs. Explore Financing Options With Pacifico PowerWant to learn more about financing ground-mounted solar systems? Pacifico Power offers tailored solutions to help businesses find the right financing options for their solar projects. . How to Choose the Right Financing Option for Your Business Deciding on the best financing option for your ground-mounted solar installation depends on your business's financial goals, energy needs, and long-term objectives. Each option—solar loans, leases, or PPAs—offers unique benefits, and selecting the right one requires careful consideration. Evaluating Your Energy Needs and Financial Goals First, assess your current and future energy needs. Are you looking to reduce your immediate electricity costs, or are you planning for future expansion? Ground-mounted systems are often scalable, meaning you can add more panels as your business grows. If you anticipate needing more energy down the line, it might make sense to opt for ownership through a solar loan, which allows you to scale the system as needed. On the other hand, if cash flow is a concern and you're looking for a way to reduce energy bills without the upfront investment, a solar lease or PPA might be the better option. Both allow you to benefit from solar energy immediately without the large upfront cost, but they come with trade-offs in terms of ownership and potential savings in the long term. Long-Term Financial Benefits of Solar Financing Each financing option offers a different path to savings over time. With solar loans, once the loan is paid off, you'll own the system and enjoy free electricity for decades. This also means you can take advantage of tax incentives like the federal solar investment tax credit (ITC), which can significantly reduce the cost of the system. On the other hand, PPAs and leases provide immediate savings with lower energy bills and fixed monthly payments. While you won't own the system and might miss out on some financial incentives, you'll still benefit from the lower cost of solar power without worrying about system maintenance or upfront expenses. Ultimately, the best financing option depends on whether your business values ownership, long-term savings (loans), immediate cost reductions, and maintenance-free operation (leases or PPAs). By evaluating your energy needs, financial priorities, and growth plans, you can choose financing that aligns with your business goals. Solar Loans Ready to explore commercial solar installation for ground-mounted systems and find the best financing option for your business? Pacifico Energy is here to help. Reach out to us for a personalized consultation and take the next step toward sustainable energy and long-term savings.

Installing solar panels on your home is a significant investment in sustainability and energy efficiency. However, one crucial aspect to consider is how this installation might impact your roof warranty. Understanding the relationship between roof warranties and solar panels is essential to protect both your home and your solar investment. Understanding Roof Warranties Roof warranties are essential for protecting your home from unexpected repair costs and ensuring long-term durability. There are generally two main types: manufacturer warranties and contractor warranties. Manufacturer Warranties:  These warranties cover defects in roofing materials. They ensure that the materials used in your roofing system are free from manufacturing defects that could cause premature failure. Manufacturer warranties typically last between 10 to 30 years, depending on the material and manufacturer. Contractor Warranties:  These cover the workmanship of the roofing installation. If the roof fails due to improper installation, the contractor warranty will cover the repair costs. These warranties usually last from 1 to 5 years, but some contractors offer extended warranties. How Solar Panels Can Affect Roof Warranties When installing solar panels, it's crucial to understand how the installation might impact your existing roof warranty. Here are some key considerations: Warranty Voiding Risks Improper installation of solar panels can void your roof warranty. For instance, if the installation involves penetrating the roof membrane and it's not done correctly, it can lead to leaks and structural damage. Most roof warranties stipulate that any work done on the roof must be performed by authorized professionals using approved methods. Compatibility with Roofing Materials Not all roofing materials are compatible with solar installations. For example, some roofing materials like clay tiles or slate may be more challenging to work with and can be more prone to damage during installation. Ensure that the solar installation method is compatible with your roofing material to avoid warranty issues. Manufacturer and Installer Coordination It's essential to coordinate between your roofing manufacturer, contractor, and solar installer. Some roofing manufacturers have specific guidelines for solar panel installation to maintain the warranty. Ensure that your solar installer is aware of these guidelines and follows them meticulously. Best Practices to Protect Your Roof and Warranty To ensure that your roof warranty remains intact and your solar panels are installed correctly, follow these best practices: 1: Choose a Qualified Solar Installer Select a solar installer with experience in working with your type of roof. Pacifico Energy's team of experts is trained to handle various roofing materials and understands the intricacies involved in preserving roof warranties. Ensure that your installer is licensed, insured, and has a solid track record of successful installations. 2: Review Warranty Terms Before proceeding with the installation, review the terms of your roof warranty carefully. Understand what is covered and what might void the warranty. If there are any ambiguities, contact your roofing manufacturer for clarification. 3: Obtain Written Approval If required, obtain written approval from your roofing manufacturer before installing solar panels. This step ensures that you are following the manufacturer’s guidelines and maintaining your warranty coverage. It also serves as documentation that the installation is approved, which can be useful in case of future disputes. 4: Schedule Regular Inspections Regular inspections by both your roofing contractor and solar installer can help identify potential issues early. These inspections ensure that both the roof and solar panels are in good condition and functioning as expected. Schedule annual or bi-annual inspections to maintain optimal performance and warranty protection. Protect Your Investment with Pacifico Energy Your roof and solar panels are significant investments. Ensure they are protected with professional installation and regular maintenance. The Installation Process: Minimizing Risks Understanding the installation process can help mitigate risks associated with roof warranties. Here's how a professional solar installation should be conducted: 1: Pre-Installation Assessment Before installation, a thorough assessment of your home’s roof is necessary. This includes: Structural Integrity Check:  Ensuring that your roof can support the weight of the solar panels without compromising its structural integrity. Roof Condition Evaluation:  Inspect the current state of the roof to identify any existing issues that need addressing before installation. 2: Choosing the Right Mounting System The mounting system is crucial in ensuring that the solar panels are securely attached without damaging the roof. There are several types of mounting systems, including: Ballasted Mounts:  These do not require roof penetration and are ideal for flat roofs. Penetrating Mounts: These are used for sloped roofs and require drilling into the roof structure. Proper sealing and flashing are essential to prevent leaks. 3: Installation Process During the installation, the following steps should be meticulously followed: Mounting System Installation:  Ensuring the mounts are securely attached according to the manufacturer’s guidelines. Panel Attachment: Attaching the solar panels to the mounting system without causing damage to the roof. Wiring and Connection:  Properly routing the electrical wiring to avoid any interference with the roof’s integrity. Post-Installation Maintenance and Support After installation, ongoing maintenance is vital to ensure both your roof and solar panels remain in optimal condition. Pacifico Energy offers comprehensive maintenance packages that include: 1: Regular Inspections Scheduled inspections help identify and rectify any issues before they escalate. These inspections should include: Visual Checks: Inspect for any signs of wear and tear or damage to the panels and roof. Performance Monitoring: Ensuring that the solar panels are performing as expected and identifying any drops in efficiency. 2: Cleaning Services Dust, debris, and other contaminants can reduce the efficiency of your solar panels. Regular cleaning helps maintain optimal performance. Pacifico Energy offers professional cleaning services that ensure your panels are free from obstructions. 3: Repair and Replacement Services In case of any damage or malfunction, timely repairs are crucial. Our team is equipped to handle: Panel Repairs:  Fixing any damaged panels to ensure continuous energy production. Roof Repairs: Addressing any roofing issues that may arise from the installation process or other causes. Partnering with Pacifico Energy At Pacifico Energy, we understand the importance of protecting your roof warranty while maximizing the benefits of solar energy. Our team is dedicated to providing top-notch installation, maintenance, and support services with cutting-edge ground-mount systems that ensure your investment is secure and profitable.

Ventura Coastal - Citrus Processing & Food Manufacturing, Located in Visalia, California, USA Source: BusinessWire Over 21 MW of solar PV and 21 MWh of battery storage projects achieved commercial operation in December, providing clean energy to underserved communities and businesses in California and Massachusetts LOS ANGELES--( BUSINESS WIRE )-- Pacifico Power , a leading energy developer and energy services company, celebrates a year of exceptional achievements, including the commercial operation of 21.8 MW of solar photovoltaic (PV) and 21.3 MWh of battery storage projects in December. These projects mark critical infrastructure milestones, delivering clean energy and significant cost savings to community solar subscribers and prime power microgrid customers across the United States. As the U.S. segment of the Pacifico Energy Group, Pacifico Power will formally conduct its U.S. businesses under the Pacifico Energy flagship name moving forward as it expands into prime power and microgrid generation. Among Pacifico Power’s standout projects is the Bernardston Community Solar Project , a pioneering initiative under Massachusetts’ SMART (Solar Massachusetts Renewable Target) Program. Designed to serve low-income communities, the project ensures at least 50% of subscribers qualify as low-income households, guaranteeing them minimum energy bill savings of 10%. The 6.735 MW system incorporates state-of-the-art silicon wafer photovoltaic technology and a 6.708 MWh battery energy storage system to optimize energy delivery and enhance grid stability. Similarly, the Richardson Community Solar Project in Attleboro County, Massachusetts, exemplifies Pacifico Power’s commitment to energy equity and sustainability. The 6.435 MW system, also developed under the SMART Program, delivers clean energy to low-income households while meeting federal Low-Income Communities Bonus Credit Program requirements. Subscribers enjoy a 20% reduction on energy bills, making the project both impactful and economically viable. Community Solar Projects in Bernardston & Attleboro, Massachusetts, USA On the West Coast, Pacifico Power achieved significant progress with its Ventura Coastal Projects in California. These systems, comprising Tesla stationary battery energy storage systems paired with PV generation, were developed to meet the unique needs of Ventura Coastal, a citrus juice and extracts producer. The Tipton and Visalia projects will collectively provide over 13 MW of renewable energy and integrate advanced battery storage solutions, offering Ventura Coastal over 20% in annual energy cost savings while enabling 100% renewable energy usage. Sheep grazing under Ventura Coastal's solar array in Visalia, CA - an eco-friendly way to control vegetation “2024 has been a transformative year for Pacifico Power, driven by our commitment to energy equity, sustainability and innovation,” said Kevin Pratt, Chief Operating Officer of Pacifico Power. “We’re proud to deliver solutions that not only provide cost savings but also empower communities and businesses to take greater control of their energy.” Looking ahead to 2025, Pacifico Power plans to expand its footprint in distributed and prime generation, leveraging innovative financing models and strategic partnerships to bring additional energy projects online. The company remains committed to delivering clean, reliable energy solutions that create long-term value for customers and stakeholders alike. About Pacifico Power & Pacifico Energy Pacifico Power (“Pacifico”) is a forward-looking energy infrastructure platform that delivers customized industrial-scale on-site energy solutions to companies and communities looking to quickly secure reliable and affordable electricity. Pacifico develops, constructs, finances and invests in prime generation (microgrid) and distributed generation energy projects, which help companies and communities become less reliant on utility companies for electricity. Pacifico Power is the U.S. segment of the Pacifico Energy Group, which seeds and manages energy development companies around the world. Moving its focus toward prime power generation into 2025, Pacifico will formally operate in the U.S. as Pacifico Energy. ( https://pacificoenergy.com/ ) Contacts Media Contact: Tung N’Vietson Email: media@pacificoenergy.com

Exciting news for Data Centre Dynamics' event DCD>Connect | New York 2025 with Pacifico Energy Group joining the official sponsor lineup! As the flagship event for the North American data center industry, DCDConnect New York is set to take place on March 24-25, bringing together key players in the digital infrastructure space. Bringing together more than 3,500 senior leaders working on North America's largest data center projects, DCD>Connect | New York will drive industry collaboration, help forge new partnerships and identify innovative solutions to core challenges. Learn more here

Party General Secretary Tô Lâm receives founder and CEO of US-based Pacifico Energy (PE) Nate Franklin. (Photo: VNA) Source: VietnamPlus, VNA Party General Secretary Tô Lâm praised Pacifico Energy’s contributions to Vietnam’s renewable energy sector and the broader Vietnam-US partnership. Hanoi (VNA) – Party General Secretary Tô Lâm on March 14 suggested US-based Pacifico Energy (PE) further expand its cooperation and investment in Vietnam, including new energy transition projects, while expediting ongoing initiatives. Hosting PE founder and CEO Nate Franklin in Hanoi, the Party leader praised PE’s contributions to Vietnam’s renewable energy sector and the broader Vietnam-US partnership. He affirmed that the US is one of Vietnam's most important economic partners, and the Comprehensive Strategic Partnership framework between the two countries is creating new opportunities and space for US businesses to invest and operate in the Southeast Asian nation. The Party chief reiterated Vietnam’s vision of becoming an upper middle-income country with a modern industrial base by 2030 and a developed nation with high income by 2045. To achieve these goals, Vietnam is committed to facilitating investment through institutional reforms. The country also remains steadfast in its pledge to reach net-zero emissions by 2050. He noted that a stable and clean energy supply is essential for Vietnam’s economic expansion. The government has been refining its legal framework to encourage energy firms to invest in the country, catering to domestic demand and the broader Southeast Asian market. Lâm also encouraged closer collaboration between PE and Vietnamese enterprises in technology transfer and capacity building to enhance the nation’s expertise in wind and renewable energy. Party General Secretary Tô Lâm suggests US-based Pacifico Energy (PE) further expand its cooperation and investment in Vietnam, including new energy transition projects, while expediting ongoing initiatives. (Photo: VNA) For his part, Franklin said Vietnam holds vast potential for offshore wind power, adding the group is committed to advancing surveys and project development to support the country's pursuit of double-digit economic growth. Franklin praised Vietnam’s efforts to improve its business climate and acknowledged the strong support from local authorities for US investors. He highlighted PE’s successful projects in Vietnam as a testament to the growing Vietnam-US Comprehensive Strategic Partnership and expressed confidence that they will pave the way for increased American investment. He pledged further investment in offshore wind and renewable energy to drive the nation’s sustainable economic growth and strengthen ties between the two nations.