Collaboration signed for solar rooftop development at An Tien Industries factory

On September 8, 2023, An Tien Industries, VP Energy, and Vu Phong Energy Group joined in signing a collaboration aimed at developing a solar rooftop system at the An Tien Industries factory in the Southern Industrial Park, Van Phu Commune, Yen Bai City, Yen Bai Province. The system has a capacity of 2.56 MWp and will be developed through a Power Purchase Agreement (PPA) model.

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An Tien Industries, a subsidiary of An Phat Holdings Joint Stock Company, was established in 2009 and is currently recognized as one of Vietnam’s leading plastic additives manufacturers. Their product range includes Ancal plastic additives, CaCo3 ultrafine stone powder,… Thanks to a well-trained and experienced team, along with modern manufacturing technology, An Tien Industries has established a strong presence not only in the domestic market but also internationally – spanning over 60 countries and territories worldwide, including major markets in Europe, Japan, Australia, the United States, and China…

An Tien Industries’ Commitment to Green Transformation

Both of An Tien Industries’ manufacturing plants are designed to modern standards and equipped with production lines from Germany and Taiwan. Particularly, in the global green trend, An Tien Industries and An Phat Holdings have developed compostable plastics (Compound Bio) and are actively promoting the development of bioplastic compounds (Ancal Bio) to ensure a stable supply of raw materials for environmentally friendly plastic products. Using solar power to support manufacturing operations represents a significant step for An Tien Industries in its journey towards sustainability and green transformation.

At the Signing Ceremony for solar rooftop development at An Tien Industries factory

Benefits of the Power Purchase Agreement (PPA) Collaboration

With a capacity of 2.56 MWp, this system can generate over 3,200 MWh of electricity to support manufacturing operations yearly, helping reduce emissions by more than 2,300 tons of CO2 annually. With the Power Purchase Agreement (PPA) collaboration, An Tien Industries won’t have to worry about investment and system operation costs. This will allow them to optimize their capital for research, product development, and business expansion. VP Energy will invest in the system, while Vu Phong Energy Group will provide Engineering, Procurement, and Construction (EPC) services as well as operation and maintenance (O&M). Not only will An Tien Industries benefit from significantly cheaper solar power, compared to current electricity rates, for energy cost savings during production, but after the cooperation agreement ends, they will also receive a free system transfer with an assured capacity of 80-90%, depending on conditions.

Representatives from An Tien Industries, VP Energy, and Vu Phong Energy Group sign a collaboration agreement for solar power development

The Rising Trend of Green Production Solutions

In the trend of companies increasingly adopting green production solutions and reducing greenhouse gas emissions to meet green standards and practice ESG, the Power Purchase Agreement (PPA) solar power collaboration model is being prioritized. Recently, VP Energy has also invested in and developed a series of rooftop solar projects for businesses under the PPA model, such as the 1.5 MWp system on the roof of Chien Thang Aluminum factory, and 3 systems with a total capacity of 3.5 MWp at the three factories of Quang Quan Plastics in Ha Nam and Thua Thien Hue,… All these systems are developed and operated by Vu Phong Energy Group.

Using clean energy for production not only helps companies reduce greenhouse gas emissions and meet mandatory green standards in the new global trend but also plays a crucial role in contributing to the country’s overall goals of emissions reduction, aiming for 100% renewable energy and Net Zero in Vietnam.

Vũ Phong Energy Group

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