Another member of the An Phat Holdings ecosystem uses renewable energy

VIEXIM

On January 6, 2024, Export Import Development Investment Company Limited (VIEXIM), a subsidiary of Hanoi Plastics JSC, signed a collaboration agreement with VP Energy and Vu Phong Energy Group to develop a rooftop solar power system at the factory in Yen My district, Hung Yen province. With this agreement, VIEXIM becomes the latest member of An Phat Holdings’ ecosystem to collaborate in developing and using renewable energy.

Under the agreement, VIEXIM, VP Energy, and Vu Phong Energy Group will develop together a 996 kW solar power system on the rooftop of VIEXIM’s factory in Yen My district, Hung Yen province, through a Power Purchase Agreement (PPA) collaboration. In this model, VP Energy will invest in the system, Vu Phong Energy Group will provide Engineering, Procurement, and Construction (EPC) services, as well as operation and maintenance (O&M), and VIEXIM will purchase solar electricity generated by the system at a significantly lower price than the current electricity rate. At the end of the collaboration, VIEXIM may receive a free system transfer with a guaranteed capacity of 80-90%, depending on conditions.

Through this collaboration, VIEXIM will use solar power at an attractive price, meeting goals for renewable energy use and reducing emissions from consumed electricity without worrying about system investment and operation costs. With a capacity of 996 kWp, the system can generate approximately 1,000 MWh of electricity to support production activities each year, reducing over 700 tons of CO2 emissions annually.

VIEXIMScene of the cooperation signing ceremony

VIEXIM is a crucial supporter of Hanoi Plastics Joint Stock Company, producing high-tech plastic components for LG, Panasonic, Honda, and exporting to Japan and Italy. VIEXIM owns a comprehensive factory spanning 23,000 m2, with a synchronized workshop system, a modern production line featuring 60 injection molding machines from 75 to 900 tons, and accompanying synchronized auxiliary equipment. When the solar power system becomes operational, it will contribute a portion of clean energy to the factory’s total electricity consumption.

As the latest member of An Phat Holdings’ ecosystem, VIEXIM collaborates to develop and use renewable energy in the group’s green transition. This marks An Phat Holdings’ shift towards sustainability in a world where green living has become a global trend. The company is transitioning its production structure towards environmentally friendly products by pursuing a green transformation strategy. Following the introduction of the bio-degradable plastic product AnEco in 2018, An Phat Holdings is constructing a PBAT bio-degradable plastic factory with a capacity of 30,000 tons/year in Hai Phong, with a planned investment of USD 120 million, expected to commence operations in 2024.

member of the An Phat HoldingsCooperate to develop a solar power system on the rooftop of VIEXIM’s factory

In addition to accompanying VIEXIM, VP Energy and Vu Phong Energy Group are also collaborating with another member of An Phat Holdings to develop and use renewable energy for manufacturing activities – An Tien Industries. The planned solar power system with a capacity of 2.56 MWp will be developed on the rooftop of An Tien Industries’ factory in Yen Bai City, Yen Bai Province, generating over 3,200 MWh of electricity per year, reducing emissions by over 2,300 tons of CO2 per year.

VIEXIMVP Energy and Vu Phong Energy Group are also currently accompanying An Tien Industries – a member of An Phat Holdings

According to Mr. Tri, Nguyen Quang, CEO of Vu Phong Energy Group, in the ongoing global green transition, more and more companies are setting targets and roadmaps to increase the proportion of renewable energy use, moving towards 100% renewable energy for their entire production and business operations. Over 400 companies from various business sectors, including information technology, automobile manufacturing, consumer goods, food, and chemicals,… are participating in RE100. This is a global initiative by the non-profit organization The Climate Group and CDP to call on companies on the Global Fortune 500 list to commit to 100% renewable energy in the shortest possible time frame.

In Vietnam, Vu Phong Energy Group is also collaborating with many businesses to increase the proportion of renewable energy in the total energy consumption for production activities. In particular, alongside solar solutions and the Power Purchase Agreement (PPA) model, Vu Phong Energy Group strives to best accompany businesses aiming for 100% renewable energy with the RECs certificate solution – through its subsidiary VP Carbon Solutions. Solar power and RECs certificates will help companies to fulfil commitments to clean energy ratios, reduce indirect emissions within Scope 2, and move towards 100% renewable energy.

Businesses interested in clean energy solutions, please contact Our Call Center via 1800 7171 or +84 9 1800 7171 or send an email to hello@vuphong.com for more information

As a leading professional solar power developer and renewable energy enterprise in Vietnam, Vu Phong Energy Group accompanies businesses on the journey of green production and sustainable development:

  • A flexible cooperation Power Purchase Agreement (PPA) model as a solar power project developer, particularly with the participation of many reputable international and domestic investment funds – enables enterprises to utilize clean energy without paying investment costs.
  • Professional EPC contractor services are provided by a team of highly specialized and experienced design engineers; construction engineers who strictly comply with design drawings standards, adhere to international technical standards and use carefully chosen genuine materials.
  • Optimizing systems with high-quality operation and maintenance (O&M) services shows capacity via years of practical O&M at large-scale solar power plants and hundreds of rooftop systems for manufacturing enterprises.

More over, Vu Phong Energy Group accompanies customers in their journey toward sustainable development by offering media assistance and being available to give SDG-ESG advice, supporting in registering for I-REC international renewable energy certificates…

In addition, Vu Phong Energy Group has a subsidiary, VP Carbon Solutions, which focuses on providing solutions to accompany businesses in effectively reducing greenhouse gas emissions, aiming for carbon neutrality. The main services of VP Carbon Solutions include: Registering and trading International Renewable Energy Certificates (I-REC); Consulting on registering Certified Emission Reductions (CERs) certificates, and ESG consulting for businesses.

Vu Phong Energy Group

See more Vietnamese articles

Quote Now


    Your name ( * )


    Phone number ( * )


    Bussiness Invest


    Tax code.


    Email ( * )


    Province ( * )


    Roof type ( * )


    Area (m²).


    The amount you want to invest


    Address


    Message


    Electricity bill every month

    3.500.000 VND/month

    The more electricity you use,

    The more we can help you save cost.