Installed 1MW solar power system on factory rooftops in Dong Nai Province industrial park, supporting local export businesses in utilizing renewable energy
Plans to expand to 7MW on factory rooftops in Binh Duong and Hai Phong this year
Aiming to register and operate carbon credits in the future, contributing to climate crisis response and carbon reduction
SK ecoplant is embarking on a rooftop solar power project in Vietnam’s industrial parks. This initiative not only aims to generate solar power using idle spaces but also to create added value through the acquisition of carbon credits.
On the 10th, SK ecoplant announced the completion of a rooftop solar power project at the Samil Vina factory in Dong Nai Province, Vietnam. Rooftop solar power involves installing solar modules on building roofs to generate electricity. This method utilizes existing idle space, eliminating the need for additional land for solar power generation and bypassing site restrictions.
As a rapidly growing emerging market, Vietnam is experiencing a significant increase in power demand. However, the country faces a shortage of power supply compared to demand, with frequent power outages due to an underdeveloped power grid. In response, the Vietnamese government actively encourages rooftop solar power projects through regulatory easing as outlined in the National Power Development Plan (PDP8) announced last year. Export businesses are increasingly required to use renewable energy by major developed countries, raising the demand for renewable energy procurement.
The 1MW solar power system installed on the roof of the Samil Vina factory is a self-consumption type of distributed energy, with 100% of the generated power used on-site. This setup eliminates the need for additional power grid construction and minimizes energy loss during transmission and distribution. Samil Vina, a global textile export company, has responded to customer demands for renewable energy through this rooftop solar installation.
SK ecoplant plans to expand the distribution of self-consumption rooftop solar power systems in Vietnam's industrial parks, where a stable power supply is crucial. In addition to the completed project, SK ecoplant is progressing with rooftop solar projects totaling nearly 7MW in Dong Nai, Binh Duong, and Hai Phong.
SK ecoplant also anticipates securing carbon credits through this project. The company completed the registration for the Clean Development Mechanism (CDM) under the United Nations Framework Convention on Climate Change (UNFCCC) in Vietnam in 2021. CDM is one of the greenhouse gas reduction mechanisms allowing companies to obtain carbon credits from the UN based on their achievements.
Topsun, a Korean solar specialist company, supplies the solar modules for this rooftop solar project. SK ecoplant invested strategically in Topsun in 2022, securing a value chain in the solar industry from module manufacturing to business development. They have collaborated with SK ecoplant on projects like the Concho solar power plant in Texas and SK Hynix’s direct PPA, generating synergy.
This project strengthens SK ecoplant's position in Vietnam’s high-potential renewable energy market. In addition to the rooftop solar project, SK ecoplant agreed with BCGE (Bamboo Capital Group Energy), a top-tier renewable energy company in Vietnam, in March to jointly develop approximately 700MW of renewable energy projects.
On the same day, SK ecoplant signed an MOU with the Metropolitan Landfill Management Corporation and BCGE at BCGE’s headquarters in Ho Chi Minh City, southern Vietnam, to develop a greenhouse gas reduction project utilizing renewable energy in Vietnam. This project aims to secure international greenhouse gas reduction credits through waste incineration and power generation.
Kim Jung-hoon, Head of the Solution BU at SK ecoplant, stated, "Vietnam is a place where the demand for stable power supply and carbon reduction coexist due to economic growth and industrial development. We aim to address global climate issues with SK ecoplant's expertise in renewable energy solutions."
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