1.5 MWp Solar System on Chien Thang Rooftop via PPA Model

A significant step towards sustainable industrial operations has been taken with the successful installation of a 1.5 MWp Rooftop Solar Power System at Chien Thang Industrial Company Limited. This pioneering project, developed under a Power Purchase Agreement (PPA) cooperation model, showcases the commitment of both Chien Thang Industrial Company Limited and Vu Phong Energy Group to embrace clean energy solutions. Invested by VP Energy, a subsidiary of Vu Phong Energy Group, and with Vu Phong Energy Group acting as the EPC general contractor and providing operation and maintenance (O&M) services, this initiative marks a crucial milestone in Vietnam’s green transformation. The official signing ceremony on July 22, 2023, solidified this partnership, promising substantial energy savings and a notable reduction in CO2 emissions for Chien Thang Industrial Company Limited.

Collaboration for Rooftop Solar Power System Development

Chien Thang Industrial Company Limited, a prominent aluminum manufacturer, specializes in producing high-quality shaped aluminum products. With over two decades of experience and continuous development, Chien Thang has consistently supplied the market with aluminum products that meet international standards and aesthetic appeal. Their products are widely trusted and utilized by renowned manufacturers such as Honda, Samsung, and Yamaha, highlighting their expertise and reliability in the industry.

Investing in Modern Technology and Innovation

Demonstrating a strong commitment to innovation, Chien Thang Industrial Company Limited has heavily invested in modern technology for its manufacturing lines. This investment aims to enhance product quality and meet global demand. Both of their factories are equipped with advanced manufacturing and inspection tools imported from abroad, ensuring a closed-loop process that includes aluminum refining, pressing, electrostatic powder coating, plating, and wood grain coating, all adhering to ISO 9001:2015 standards. Furthermore, Chien Thang Industrial Company Limited is currently receiving assistance from Samsung Electronics to develop a smart factory, aiming to upgrade its operational efficiency from level 1.1 to level 2.8. The partnership for the 1.5 MWp solar power system at their second facility in Que Vo II Industrial Park (Ngoc Xa – Que Vo – Bac Ninh) represents another significant step towards constructing an eco-friendly and environmentally smart factory, aligning with their sustainable development goals.

Vu Phong Energy Group and Chien Thang Industrial Company Limited collaborated to develop and use clean energy

Reducing CO2 Emissions with Rooftop Solar Power System

The newly installed 1.5 MWp solar power system is projected to generate nearly 2,000 MWh of electricity annually, directly supporting Chien Thang Aluminum’s manufacturing operations. This significant output will enable Chien Thang to reduce CO2 emissions by approximately 1,400 tons each year, contributing substantially to a greener environment and sustainable practices. Under the Power Purchase Agreement (PPA) model cooperation arrangement, Chien Thang Industrial Company Limited benefits from using the system without the need for upfront investment or direct operational responsibilities. Instead, the business can purchase solar power at a more competitive rate than current electricity prices, leading to considerable energy savings in their manufacturing processes and demonstrating the effectiveness of the PPA model for rooftop solar.

Mr. Nguyen Quang Tri, CEO of Vu Phong Energy Group, highlighted the company’s extensive experience with the PPA model, citing the successful completion and handover of numerous solar power systems. Notable projects in the northern region include a 2.9 MWp system at Golden Victory Vietnam Company Limited and a 1.13 MWp system at NAFOCO Lam san Nam Dinh Company Limited, all operating stably and efficiently. With proven capacity and expertise as a leading renewable energy enterprise in Vietnam, Vu Phong Energy Group is committed to being the best companion for Chien Thang Industrial Company Limited and other partners on their journey towards green transformation and sustainable development. This commitment is further underscored by their dedication to reducing greenhouse gas emissions through solar solutions, as evidenced by their collaborative efforts.

The solar power system on Golden Victory Vietnam Factory rooftop

Vu Phong Energy Group