General Information

Project type:

PPA ( Power Purchase Agreement )

Date:

2020

Power:

889 kWp

CO2 Reduction:

1,050 Tons CO2/year

( Calculated using the 2021 Vietnam grid emission factor )

Address:

Tien Giang

blt-mekong-889kwp-tien-giang
blt-mekong-889kwp-tien-giang

Project details

Main equipment

1,998 high-efficiency solar panels Trina 450Wp
10 SMA 75KW grid-tie inverters
High-quality auxiliary frame system and conductor with over 30 years of durability

About the project

Vu Phong Energy Group implemented the 889kWp grid-tie solar power project for Mekong plastic Tien Giang. The customer is one of the biggest manufacturer for reusable plastic bag in Vietnam, established in 2004, and has 15 years of building and cooperating business with the customers in Europe, USA…

This company has 3 factories in Tien Giang, Ben Tre and HCM City; 1500 workers and staffs, our capacity of production capacity reaches 15,000,000 bags per month. The solar power system is a factory project in My Tho, Tien Giang. Investing in a solar power system is a significant milestone in the company’s green production efforts.

Solar power installation project 889 kWp PPA – O&M Mekong Plastic

Mekong Plastic is a prominent company that produces and exports plastic bags for various markets. The company has three factories in Tien Giang, Ben Tre and HCM City, with a total workforce of 1500 people and a production capacity of 15 million bags per month. The company is not only committed to providing the best products and services to its customers, but also to reducing its environmental impact and enhancing its social responsibility. By investing in a solar power installation project of 889 kWp, Mekong Plastic has demonstrated its commitment to green production and environmental protection.

Why Mekong Plastic chose Vu Phong Energy Group for its solar power installation project

Mekong Plastic chose Vu Phong Energy Group as its partner for its solar power installation project because of the following reasons:

Vu Phong Energy Group is one of the leading companies in Vietnam that provides high-quality and cost-effective solutions for solar power installation projects. The company has more than 10 years of experience and over 200 projects completed, with a total capacity of more than 300 MWp. Vu Phong Energy Group has a team of professional and experienced engineers, technicians, and consultants who can provide the best solutions for the specific needs and expectations of Mekong Plastic. Vu Phong Energy Group also offers a range of services, such as site survey, system design, installation, operation, maintenance, monitoring, and warranty. Vu Phong Energy Group guarantees the quality and safety of its products and services, as well as the satisfaction and trust of its customers. Vu Phong Energy Group has the certificates and licenses required by the authorities, such as ISO 9001, ISO 14001, OHSAS 18001, and MOIT.

Another reason why Mekong Plastic chose Vu Phong Energy Group for its solar power installation project is that the project type is PPA (Power Purchase Agreement), which means that Mekong Plastic only pays for the electricity generated by the solar system. Vu Phong Energy Group is responsible for designing, installing, operating, and maintaining the system for 20 years. This way, Mekong Plastic can enjoy the benefits of solar power without having to invest a large amount of capital upfront.

How the solar power installation project benefits Mekong Plastic

The solar power installation project benefits Mekong Plastic in many ways. First, the project helps Mekong Plastic save on electricity costs and increase its profitability. According to the data from Vu Phong Energy Group, the project has generated more than 1,300 MWh of electricity in the first year, saving Mekong Plastic about 1.3 billion VND in electricity bills. The project has a payback period of less than 7 years and a return on investment of over 16%.

Second, the project helps Mekong Plastic reduce its carbon footprint and contribute to the environmental protection and the national target of reducing greenhouse gas emissions by 9% by 2030. The project has reduced the CO2 emissions by 1,050 tons per year, equivalent to planting more than 26,000 trees.

Third, the project helps Mekong Plastic enhance its brand image and reputation as a green and responsible company. The project also helps Mekong Plastic attract more customers and partners who share the same values and vision.

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.

Moreover, 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.

How to contact Vu Phong Energy Group for your solar power installation project

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

Vu Phong Energy Group