With more specific policy statements on rooftop solar (RTS) development, this week, Nami Energy concluded a series of major RTS PPAs to provide solar energy to large corporates.
Over the past weeks, the Ministry of Industry & Trade (MOIT) and Vietnam Electricity (EVN) have issued policy statements to encourage RTS for on-site consumption. Especially, MOIT proposed to the Government of Vietnam for unlimited capacity of on-site consumption RTS. The industry is set to experience significant growth with ongoing clarification of some pending issues.
On October 4, Nami Solar and ThiPha Cable (the Vietnam business unit of Stark Corporation, a leading global cable manufacturer) entered into a PPA for Phase 1 with 6 MWp rooftop solar at ThiPha Cable’s factories in Long An province. Another 1.5 MWp shall follow in Phase 2. The 20-year PPA shall generate around 10 million kWh solar energy per year and help avoid 150,000 tons of CO2 emission, equivalent to planting 250,000 trees.
Mr. Prakorn Makjumroen, CEO of Stark Corp., and Mr. Luu Hoang Ha, Chairman of Nami Energy, witnessed the signing ceremony. Addressing the event, Mr. Prakorn re-iterated Stark Corp’s strong ESG commitment. He highlighted that Stark's RTS adoption in Vietnam would make solar energy a key source of its energy consumption, similar to its operations in Thailand and elsewhere.
On October 5, Nami Solar entered into a PPA for 1.8 MWp RTS with Dowaco, the water supply company in Dong Nai Province and a subsidiary of Sonadezi, Nami Energy's strategic partner.
Earlier, Nami Solar also signed a PPA for 3.3 MWp RTS with Regina Miracle, a listed company on Hong Kong Exchanges (HKEX) and one of the largest FDI investors in Haiphong City.
The team at Nami Solar has been working hard to commission these projects to the plan. With industry experiences and strong technical capabilities, we look forward to collaborating with other corporate partners across the country in the green journey to create both business values and positive social and environmental impacts.