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The Vietnamese firm and overseas renewable vitality companies will contribute to the vitality transition and scale back greenhouse gasoline emissions.
Vu Phong Vitality Group has collaborated with the UK’s Shire Oak Worldwide Group on a US$10-million venture in Vietnam to mount photo voltaic panels with a complete capability of greater than 12.5MWp on the rooftops of Hwaseung crops.
Delegates attend the kickoff ceremony. Picture: Vu Phong Vitality Group
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The venture kicks off with a ceremony held on April 1. These would be the first rooftop solar energy programs in-built Hwaseung Enterprise’s crops in Vietnam to generate renewable vitality for its manufacturing actions.
Below the venture, Shire Oak Worldwide Group will spend money on and construct a sequence of solar energy programs at Hwaseung Enterprise crops, whereas Vu Phong Vitality Group will provide normal contractor (EPC) companies.
With this venture, Hwaseung Enterprises expects to eradicate as much as 20% of whole greenhouse gasoline emissions at its crops through the use of clear vitality in manufacturing processes.
The tasks will probably be constructed beneath the BLT (Construct – Lease – Switch) for solar energy improvement. It is a technique that many funding funds and companies are desirous about, notably those that are going “inexperienced” to scale back their carbon footprint all through the manufacturing course of.
Pham Nam Phong, Chairman of the Board of Administrators of Vu Phong Vitality Group mentioned moreover, rooftop solar energy programs will fulfill the vitality wants of Hwaseung by way of its personal solar energy manufacturing, which might not put strain on the grid whereas nonetheless advancing the vitality transition and reducing greenhouse gasoline emissions.
“Vu Phong is delighted to be part of this initiative and is dedicated to producing high-quality works, giving one of the best earnings to customers and companions, and contributing to the vitality transition and lowering greenhouse gasoline emissions, in the direction of the objective of being carbon impartial by 2050, as dedicated by the Prime Minister at COP26,” Phong added.
Hwaseung Enterprise, with operations in Vietnam, Indonesia, and China, is the world’s producer of footwear, garments, attire, and textiles, in addition to the first provider to a number of well-known world manufacturers.
Hwaseung Enterprise has been a pioneer in becoming a member of the United Nations Framework Conference on Local weather Change (UNFCCC) by signing the “Style Trade Constitution on Local weather Motion,” and set the goal to chop carbon emissions by 50% by 2030.
Cooperation within the improvement of solar energy programs at Vietnam’s factories is a crucial step in Hwaseung Enterprise’s efforts to attain the above objective, which is able to kick off the plan to put in bigger rooftop photo voltaic programs in any respect present Hwaseung Enterprise amenities globally.
Earlier, Vu Phong Vitality Group has labored with Shire Oak Worldwide on quite a few giant tasks in Tien Giang, Ben Tre, Dong Nai, Ba Ria – Vung Tau provinces.
Shire Oak Worldwide’s projected progress in Southeast Asia, notably in Indonesia and Vietnam, will attain 500MWp over the following two years.
Hanoi Occasions
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