On the afternoon of November 23, 2021, under the witness of the British Consulate General in Ho Chi Minh City – Ms. Emily Hamblin, the signing ceremony of the Business Contract for the Rooftop Solar Power Project in Nam Dinh Vu industrial park, Hai Phong was successfully held.
We are so delighted that the parties involved have come up with extremely promising cooperation agreements. Representatives of the contracting parties include Mr. Miguel A. Ferrer, Managing Director of Shire Oak International (SOI), Mr. Nguyen Thanh Phuong, General Director of Sao Do Investment Group Joint Stock Company (Sao Do) and Mr. Bui Tien Binh, Director of Nam Dinh Vu Electricity Trading Joint Stock Company (NDVESCO).
Keeping up with the trend of using renewable energy sources in Nam Dinh Vu industrial park
The current problem of environmental pollution is posing many challenges for businesses in big cities. Companies and industrial parks are constantly coming up with policies and looking for solutions to thoroughly handle this situation, meeting the sustainable development mission of the Vietnamese government. The rooftop solar power project that is about to be implemented in Nam Dinh Vu industrial park is one of the important efforts of Hai Phong city in general and its partners in particular.
One of the largest consumers of electricity globally is the manufacturing industry. Therefore, manufacturing companies always need the support of a large and continuous power supply. When installing solar panels for the factory area, this device will generate electricity and provide an electrical energy source for the plant to operate, deploy production activities…
On the other hand, the installation of rooftop solar power also brings high economic efficiency, helping to reduce noise in stormy weather and lowering of temperature in the hot summer. In particular, clean energy from solar panels will help reduce carbon emissions, limit future environmental pollution.
Strong potential from the resources of the partners
Based on the collaboration of business members with financial capacity, business expertise, and more than 20 years of experience in real estate management and industrial park development, Sao Do Group has established and developed Nam Dinh Vu industrial park in the Dinh Vu Cat Hai Economic Zone, Hai Phong Port City.
Besides, SOI’s mission is to become a global leader in developing and spreading the power of green energy solutions. Therefore, SOI has continuously implemented many renewable energy projects on a large scale and achieved impressive results.
The agreement between Sao Do Group and SOI has become a solid basis for the project to be effectively implemented in Nam Dinh Vu industrial park, Hai Phong. This will be an important project contributing to Vietnam’s renewable energy ambitions, and it is also the main priority event of the Climate Summit in the UK after COP26.
Green future prospects for domestic and foreign investment enterprises
According to the terms of the signed contract, Shire Oak International is the main investor and developer. Sao Do Consulting Group Joint Stock Company is the owner of the industrial park. NDVESCO will receive, purchase, and supply clean electricity to secondary investors.
After the project is completed, businesses investing and developing in Nam Dinh Vu industrial park will have the opportunity to take advantage of great advantages from renewable energy sources, promote efficient production processes, and make timely adaptations to the impacts of local climate change. In addition, in the future, the Sao Do Group can provide greater added value to partners and customers by helping them manage their carbon footprint while at the same time saving costs.
In addition, with the support of the British Government in Vietnam, the rooftop solar power project promises to bring many important meanings, contributing to the task of enhancing Vietnam’s position in the global business community.
At the end of the signing ceremony, Sao Do Group and Shire Oak International expressed their goodwill to cooperate, agreed on goals and expectations for the project to be implemented on schedule. Besides, the British Consulate General also sent best wishes for the long-term and effective cooperation between Sao Do Group and Shire Oak International after this event.