Representative of CME Solar Investments Joint Stock Company (CME) signed a cooperation agreement with Vista Global of Samsung C&T to promote the development of rooftop solar energy in Vietnam - Photo: CME
Speaking with Tuoi Tre Online , a representative of CME Solar Investments Joint Stock Company (CME) said that this company has just signed a cooperation agreement with Vista Global under Samsung C&T to promote the development of rooftop solar energy in Vietnam.
The content of the joint venture agreement signed between CME and Vista Global (Samsung C&T) emphasizes the commitment of both parties to promote sustainable energy solutions and support Vietnam's transition to a low-carbon economy.
Specifically, the joint venture, called CME-Vista, aims to combine expertise, resources and technology to promote the development of solar energy projects in Vietnam and accelerate the adoption of clean energy solutions nationwide.
By combining the financial, technical, and advanced energy technology advantages of Vista Global and Samsung C&T with CME's extensive knowledge of local deployment, the partnership aims to provide high-performance solar energy solutions to meet Vietnam's growing energy needs, said a CME representative.
In addition, the agreement underscores the two parties’ commitment to sustainability and environmental management, contributing positively to Vietnam’s shared commitment to achieving net zero emissions by 2050, as well as global efforts to combat climate change and promote renewable energy development.
Samsung C&T is a multinational construction company under Samsung Group with experience in implementing renewable energy projects globally with a total capacity of up to 5,000 MWp, while CME is an energy enterprise that has implemented a series of rooftop solar power projects of many FDI enterprises, so this cooperation is expected to help the joint venture accelerate solar power installation in Vietnam.
Previously, at the investment promotion conference for green growth development in Ho Chi Minh City, Samsung representatives expressed their desire to cooperate with the city to develop rooftop solar power, aiming to develop Ho Chi Minh City High-Tech Park into the first net zero industrial park (net zero emissions).
Great opportunity for energy businesses
The Government has issued Decree 80 on the direct power purchase agreement (DPPA) mechanism between renewable energy generators and large customers.
According to businesses, this is a great opportunity for energy businesses to directly trade with factories, especially FDI factories and manufacturing factories that need green standards.
However, businesses are still waiting for specific instructions to carry out the transaction. Some large businesses, especially FDI, have begun negotiating to buy electricity directly from solar power plants through EVN's transmission grid, but still need transmission service prices from EVN to complete the financial calculation.
In addition, the draft decree encouraging self-produced and self-consumed rooftop solar power is being developed by the Ministry of Industry and Trade. The installation of self-produced and self-consumed rooftop solar power not connected to the national power system without capacity limitations is also an opportunity for businesses to participate in the renewable energy sector.
Will buy 100% surplus electricity if there is storage
According to the announcement of Deputy Prime Minister Tran Hong Ha's conclusion on the development and promulgation of a decree regulating policies and mechanisms to encourage the development of rooftop solar power, recently issued by the Government Office, the Ministry of Industry and Trade is required to study new policies and mechanisms.
In particular, minimizing administrative processes and procedures for installation units. In case of investing in rooftop solar power with storage system, it is possible to buy 100% of the surplus power capacity and research to allow buying electricity at the price at each time, at the same time increasing the capacity for rooftop solar power.
Source: https://tuoitre.vn/cong-ty-con-cua-samsung-bat-tay-voi-doanh-nghiep-viet-phat-trien-dien-mat-troi-mai-nha-20240904180557556.htm
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