Expanding Our Rooftop Solar Portfolio in Vietnam

SP Group (SP) and CJ OliveNetworks Vina Co. (CJ ONS) today announced a partnership to boost Vietnam’s clean energy transformation through the development of rooftop solar projects. Both companies signed a memorandum of understanding (MOU) to jointly invest, build, and develop up to 50 Megawatt-peak (MWp) of rooftop solar projects across Vietnam over the next two years. This is in support of Vietnam’s green ambitions to achieve carbon emission neutrality by 2050, and target to double the country’s existing wind and solar power generation capacity by 2030.

The partnership also secured its first project to install and operate 2.5MWp of rooftop solar for a CJ Vina Agri Co Ltd (CJ Agri) manufacturing plant by June 2022. The rooftop solar solution can deliver up to 3,577 Megawatt-hour (MWh) of electricity annually and will effectively provide 20 per cent of electricity consumed by the facility at peak load. It will help CJ Agri to avoid carbon emissions of more than 3,500 tons annually, equivalent to taking approximately 1,100 cars off the road.

The announcement is aligned with SP’s ambitions to leverage its capabilities in sustainable energy and digital solutions to create value-added solutions for its customers in Vietnam and establish SP’s position as a leading sustainable energy solutions player in the Asia Pacific.

Read more in the media release here.

28 March 2022