CLEAN ENERGY
FOR IRON AND STEEL ENTERPRISES

The top leading solar energy project developer in Vietnam
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14 years

of development, pioneering in the field of clean energy

700+ MWp

has been and is under construction

1000+

completed projects

REQUIREMENTS FOR EMISSIONS REDUCTION - SUSTAINABLE DEVELOPMENT

  • The European Union’s Carbon Border Adjustment Mechanism (CBAM) has officially entered its transition phase (October 1, 2023, to December 31, 2025)
  • Iron & Steel is one of the first six sectors to be impacted by the CBAM during the first phase, including Cement, Iron and Steel, Aluminium, Fertilizers, Hydrogen, and Electricity.
  • In the transition phase, importers must report the amount of goods affected by CBAM and the corresponding emissions, including direct and indirect emissions (from electricity consumption in production).
  • In addition to the CBAM mechanism, there are several other mechanisms and policies related to emission reduction and sustainable development, such as the draft Clean Competition Act (CCA) in the United States; the Corporate Sustainability Reporting Directive (CSRD) of the EU; green standards in new-generation FTAs…”

Noticeable, Vietnam steel sector:

- The average emission are approximately 2.51 tons of CO2 per ton of raw steel (compared to the global average of 1.85 tons of CO2 per ton of raw steel).*

- An average electricity consumption of about 400-600 kWh per ton of steel, the amount of emissions from electricity consumed if taken from the national grid for 1,000 tons of steel emissions can reach approximately 288-433 tCO2.
* Data from Energy Conservation Research and Development Center – ENERTEAM

CLEAN ENERGY SOLUTIONS,
EMISSION REDUCTION FOR IRON AND STEEL ENTERPRISES

POWER PURCHASE AGREEMENT (PPA)
COLLABORATION MODEL

Businesses only need an idle roof, no investment costs, and no system operation expenses.
  • Vu Phong Energy Group proactively invest, develop, operate and maintain the system
  • Businesses can purchase electricity at a reasonable cost for up to 20 years

EPC GENERAL CONTRACTOR
AND O&M SERVICES

Businesses self-invest in the system, and Vu Phong Energy Group accompanies development and operations.
  • Professional EPC service ensures a high-quality and aesthetically pleasing system
  • High-quality O&M service helps maintain stable system operation and optimize performance

COOPERATION MODEL POWER PURCHASE AGREEMENT

Vu Phong Energy Group's service is dedicated to businesses that are ``greening`` production, towards sustainable development, with many benefits:
  • Utilize sustainable energy without spending funds by utilizing the factory’s unused roof
  • Actively reduce energy costs
  • Long-term contracts that restrict energy price risks
  • There is no need to worry about system operation and maintenance
  • Comply with green certification and global environmental standards
  • Corporate social responsibility for brand
In particular, Vũ Phong Energy Group will collaborate with businesses in the process of applying for International Renewable Energy Certificates (I-REC) through our subsidiary, VP Carbon Solutions. Owning I-REC certificates will help businesses meet international requirements for demonstrating the use of renewable energy.
Learn more about REC here.
CHUNG-NHAN-ISO-9K
CHUNG-NHAN-ISO-14K
CHUNG-NHAN-ISO-45K

OUR AWARDS

2022

BEST C&I PROJECT AWARD:
ROOFTOP (INDUSTRIAL)

South East AsiaLeadership Awards

ACHIEVING ZERO RECORDABLE INCIDENT
THROUGHOUT PROJECTS IN 2022

TotalEnergies

2022 BEST EPC CONTRACTOR
IN VIETNAM

TotalEnergies

2021

THE SOLAR FUTURE AWARDS

THE EPC COMPANY OF THE YEAR

THE ASIAN POWER AWARDS

SOLAR POWER PROJECT OF THE YEAR
ENVIRONMENTAL UPGRADE OF THE YEAR

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    NO INVESTMENT COSTS - NO OPERATION COSTS

    GREEN PRODUCTION - SUSTAINABLE DEVELOPMENT

    Towards sustainable development and a strong Vietnam vision of 2045,

    Vu Phong Energy Group pursues values in the direction

    of United Nations Sustainable Development Goals (SDGs)

    SDGs

    Developing solar power for manufacturing enterprises