Nami Solar aims high in helping local businesses to go green

The Rooftop Solar Power Development Acceleration Program approved by the Vietnamese Ministry Industry and Trade on 5 July 2019 aims to install up to 100,000 rooftop solar power system across Vietnam with a total capacity of 1,000 MWp by the end of 2025.

However, this target will soon be eclipsed by the recent impressive growth of rooftop solar projects in Vietnam as the installed capacity of the whole country has already reached 932 MWp just by end of July 2020.

This is mainly due to the tangible benefits of rooftop solar power such as: (1) reduce power spend for on-site consumption; (2) lower roof temperature (3) fast deployment time; (4) decreasing investment costs and (5) sustainable growth through the use of green energy.

With only four months left towards end of 2020 for the solar energy investors to utilize the preferential electricity price (FIT2) the race among investors in such a critical period will expectedly add another 1,000 MWp to the country ‘s solar energy output.

Inspired by the huge economic and social benefits that rooftop solar has to offer, Nami Solar, established in October 2019 by high profile Vietnamese experts and investors in the renewable energy sector has taken solid steps towards realizing its ambitious business plan. The company plans to put into commercial operation 15MWp rooftop solar projects by end of this year through profound partnerships with Sonadezi Corporation, Viet Thang and Tan Can. All projects have been launched in June and July.

Looking forward, Nami Solar will continue to deploy in 2021 and 2022 rooftop solar power systems for Sonadezi and Tan Can to help these industrial park developers to shore up its ability for foreign investment. Vietnam currently features high on the radar for international businesses scaling up or choosing alternate sites outside of China. The company’s projected rooftop solar capacity is estimated to be at least 50MWp and 150MWp by end of 2021 and 2022 respectively.

Large local enterprises start using solar power

Nami Solar’s rooftop solar power systems at Đồng Nai Port.

Nami Solar, Nami Energy’s member company providing solar power solutions, installs rooftop solar power systems for factories of two large companies in HCM City and Bà Rịa-Vũng Tàu Province.

According to a cooperation agreement with the Việt Thắng Corporation – JSC (Vicotex), Nami Solar kicked off on July 16 the installation of a rooftop solar power system in its factory and warehouse area, contributing to reduction of production costs and sustainable growth. The installation is expected to be completed in September.

Vicotex chairman Nguyễn Đức Khiêm said the installation would help the company reduce energy costs and factory temperatures and also to have an advantage in foreign markets due to using green energy in manufacturing.

The same day, with the cooperation agreement with Sonadezi – an industrial zone developer, Nami Solar also started the installation of the rooftop solar power system for factories in the Châu Đức Industrial Park in Bà Rịa-Vũng Tàu.

Trần Thanh Hải, Sonadezi deputy general director, said at present, industrial development must ensure environmental protection and save energy. The use of rooftop solar power system would help Sonadezi attract more investors to its industrial parks.

Previously, Nami Solar started the installation of rooftop solar power systems at Đồng Nai Port Joint Stock Company, a Sonadezi member, with a capacity of 1 MWp and Sonadezi Long Thành Joint Stock Company with a capacity of 0.5 MWp. These systems are expected to be operational next month. — VNS

Source: Vietnam News (Click here for original article)

Rooftop solar power, an idea whose time has come in Vietnam

An increasing number of companies are installing rooftop solar systems at their factories to save power costs.

Industrial land developer Sonadezi Corporation recently announced it would begin installing solar panels with a total capacity of 50 MWp at its industrial parks this year.

In June it began installation at two of its parks in the southern province of Ba Ria-Vung Tau.

In Ho Chi Minh City, textile and garment producer Viet Thang is installing 10 MWp of solar panels at its factories.

Dong Nai Port in the namesake province began operating a one MWp solar panel this month, while factory leasing firm Tan Can Can in the southern province of Binh Duong will have its 2.5 MWp rooftop solar system generating power from next month.

These are among the growing number of businesses that have installed rooftop solar panels or plan to as the government seeks to reduce reliance on coal-fired power plants and boost renewables.

Over 17,100 customers have installed solar panels, 3,000 of them businesses, according to national utility Vietnam Electricity (EVN).

Nationally, rooftop solar capacity rose by 82 percent in the first six months of the year to 782 MWp, it said.

Industry insiders said it is estimated that a company could reduce its monthly electricity bills by 30-40 percent by using solar power.

Some 70-80 percent of rooftop solar power is used for the business’ needs, and the rest could be sold to EVN at a price of 8.38 U.S. cents per kWh.

As this incentive price could be reduced next year, many businesses are scrambling to complete the installation this year.

Another reason is that the cost of installation has dropped by 80 percent from VND60-70 million ($2,600-3,000) in 2013, and more and more companies are providing installation services.

“We also benefit from the lower temperature in the factory thanks to the solar panels on the rooftop,” said Nguyen Duc Khiem, chairman of Viet Thang.

Others said using renewable energy is one way they could promote their brands, especially in Europe and the U.S., where customers are interested in green energy.

Luu Hoang Ha, chairman of Nami Solar, said some buyers from the E.U. and the U.S. require Vietnamese textile and footwear producers to meet certain criteria in terms of sustainable energy development.

But some hurdles remain. For instance, authorities have not determined standards for solar power equipment, which means users do not have a reference point for quality.

Prices are up to 50 percent different between companies, while some users have complained about equipment malfunction within three years though solar panels often have a life span of 25 years.

Tran Thanh Hai, deputy CEO of Sonadezi, said there also needs to be regulations on how solar panels should be disposed of at the end of their lifespan to ensure minimum damage to the environment.

Source: VNExpress (Click here for original article)