Businesses join hands to enter the "green race"

Green development, energy conversion, and emission reduction are inevitable global trends, and Vietnamese enterprises cannot stand aside. Therefore, the cooperation of enterprises in investing in rooftop solar power in industrial parks plays an extremely important role.

Doanh nghiệp bắt tay bước vào 'đường đua xanh'

Sao Do Group and green energy developer CME Solar (CMES) have signed a cooperation agreement to deploy investment in a rooftop solar power system at Nam Dinh Vu Industrial Park. (Photo: Minh Nhat)

On November 9, in Hai Phong, Sao Do Group and Green Energy Developer CME Solar (CMES) signed a cooperation agreement to deploy investment in a rooftop solar power system at Nam Dinh Vu Industrial Park (Hai Phong).

Accordingly, CME Solar will survey and invest in installing solar panel systems on the roofs of factories and workshops of secondary investors in industrial parks to produce solar power to supply back to those factories and workshops.

With a total area of 1,329 hectares, Nam Dinh Vu Industrial Park has attracted dozens of secondary investors, the area of factory roofs in the industrial park is up to hundreds of thousands of ^square meters. According to preliminary calculations, this place can annually produce hundreds of MW of electricity from renewable solar energy.

Assessing the feasibility of the project, Mr. Bui Trung Kien, Chairman of CME Solar said that with the current area of Nam Dinh Vu Industrial Park, there are many factories built in a concentrated area, which is very convenient for system installation as well as saving on wiring and connection systems. In addition, with its location near the estuary, it will receive a lot of sunlight, so electricity production will be more stable.

Many experts believe that green development, energy conversion, and emission reduction are inevitable global trends, so Vietnamese businesses cannot stay out of the game.

In particular, in the near future, Europe and the US will impose carbon taxes on all imported goods from countries, including Vietnam, so investing in solar energy production in Nam Dinh Vu will not only help the industrial park improve its competitiveness in attracting investment but also help secondary investors here more easily supply their products to the global supply chain.

Mr. Nguyen Thanh Phuong, General Director of Sao Do Investment Joint Stock Company, Investor of Nam Dinh Vu Industrial Park, said that the project aims to support enterprises in Nam Dinh Vu Industrial Park to access and use clean electricity at a cheaper cost, while minimizing emissions from the industrial park, contributing to environmental protection and realizing the Government's goal in the roadmap to bring net emissions to zero.

It is known that after 2025, many global supply chains will require businesses that want to participate in the chain to at least completely convert and eliminate fossil energy in the production process. According to the general agreement at the United Nations Framework Convention on Climate Change and other international agreements on greenhouse gas emissions, countries need to reduce the amount of greenhouse gas emitted into the environment.

Accordingly, each company and manufacturing plant has a limit on the amount of greenhouse gas emissions released into the environment. If it is higher than the prescribed level, these units will have to buy more carbon credits to avoid violating general regulations on environmental protection. Conversely, if the actual emissions are less than the limit, the unit can sell the unused carbon credits to other units.

“In the coming time, when the carbon credit market opens, investing in solar energy production in Nam Dinh Vu Industrial Park will also help investors increase profits because it will minimize financial costs for purchasing carbon credits,” Mr. Nguyen Thanh Phuong emphasized.

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