Vu Phong Energy Group is proud to announce a landmark partnership with TNI Corporation Ltd, widely recognized for its King Coffee brand, marking a significant stride in sustainable industrial development. On August 7, 2020, both entities formalized a strategic agreement for a substantial rooftop solar investment, projected at 2 million USD. This collaboration underscores Vu Phong Energy Group’s unwavering commitment to advancing renewable energy solutions for businesses and reinforces King Coffee’s dedication to environmental stewardship. This project not only highlights the growing trend of industrial solar energy adoption but also demonstrates how businesses can achieve substantial operational savings and bolster their green credentials through innovative energy solutions, solidifying their position as leaders in corporate social responsibility.
On August 7, 2020, Vu Phong Solar, now operating as Vu Phong Energy Group, proudly announced the signing of a pivotal contract with TNI Corporation Ltd, a prominent entity globally recognized under its distinguished brand, King Coffee, founded by Mrs. Le Hoang Diep Thao. This strategic alliance signals a substantial investment in a high-capacity rooftop solar system, valued at 2 million USD, meticulously planned for implementation across two distinct stages. This collaboration underscores a shared vision for sustainable growth and operational excellence, leveraging advanced renewable energy solutions and marking a significant step in optimizing the investment efficiency of solar power for businesses.
The implementation of this transformative King Coffee solar project is precisely located at their state-of-the-art factory within the Nam Tan Uyen Industrial Park. The initiative is structured in two key phases: the initial stage involves the installation of solar panels designed to achieve a total capacity of 861 kWp, followed by a subsequent phase completing the system with an additional 976 kWp, thus delivering a comprehensive industrial solar energy solution.
Besides, Vu Phong will sponsor a substation estimated at 1 billion VND during this project.
Mr. Le Ba Phan, Factory Director at King Coffee, articulated the profound strategic value of this partnership, stating, “The adoption of renewable energy generated by this advanced solar system represents a crucial element for any manufacturer striving to achieve Green certification. This directly contributes to establishing a sustainable brand presence and effectively promoting our brand within the global market. Our unwavering commitment is to produce environmentally friendly products, and this dedication significantly elevates our corporate social responsibility. Beyond its significant environmental benefits, such as a noticeable decrease in factory temperatures, this system also substantially reduces operational costs. With electricity prices from this system costing less than 10% of conventional EVN rates, and the added benefit of receiving a 10% profit from unused energy sold back to EVN, the financial incentives are compelling. This robust combination of ecological responsibility and economic efficiency is why we are diligently pursuing this TNI Corporation rooftop solar project with Vu Phong Energy Group. To further understand the broader advantages, you can explore the extensive advantages of industrial solar power.”
Vu Phong Energy Group
