SP Group and BCG Energy Joint Stock Company (BCG Energy) formalised a joint venture (JV) to invest in rooftop solar and explore other renewable energy projects in Vietnam. This partnership is SP’s first JV platform in Vietnam and combines the expertise of both SP and BCG Energy to develop innovative, sustainable energy solutions, aimed at accelerating Vietnam’s clean energy transformation.
The JV also announced its first rooftop solar project with Vinamilk - Vietnam’s largest dairy production company. Under the agreement the JV will partner Vinamilk to install a combined 25 MW of rooftop solar across nine factories and seven farms. This enables Vinamilk to generate 35,000 MWh (Megawatt-hour) of clean electricity annually (enough to power 20,000 four-room apartments per year in Vietnam).
The JV will also make an initial acquisition of 28 MW of operational rooftop solar assets across eight commercial and industrial sites located in South and Central Vietnam.