An Tien Industries and Vu Phong Energy Group Sign Solar Rooftop PPA

On September 8, 2023, a significant milestone was achieved in sustainable industrial development as a Solar Rooftop PPA was signed between An Tien Industries, VP Energy, and Vu Phong Energy Group. This pivotal collaboration aims to develop a substantial 2.56 MWp solar rooftop system at the An Tien Industries factory, located in the Southern Industrial Park, Van Phu Commune, Yen Bai City, Yen Bai Province. This Power Purchase Agreement (PPA) model underscores a growing commitment to green transformation, providing a strategic solution for businesses seeking to integrate renewable energy for factories and enhance energy efficiency without upfront capital investment.

An Tien Industries, a distinguished subsidiary of An Phat Holdings Joint Stock Company, established in 2009, is recognized as a leading plastic additives manufacturer in Vietnam. Their comprehensive product portfolio includes Ancal plastic additives and CaCo3 ultrafine stone powder, catering to diverse markets. Bolstered by a skilled and experienced team coupled with state-of-the-art manufacturing technology, An Tien Industries has cultivated a formidable presence in over 60 countries and territories globally, encompassing major economic hubs such as Europe, Japan, Australia, the United States, and China. This partnership with VP Energy and Vu Phong Energy Group for an An Tien Industries solar project exemplifies their dedication to adopting sustainable manufacturing practices, a critical step in the global push for cleaner industrial operations. For more details on the partnership, you can view the original Vietnamese announcement of the partnership.

An Tien Industries’ Commitment to Green Transformation

Both manufacturing facilities of An Tien Industries are engineered to modern international standards, featuring advanced production lines from Germany and Taiwan. In alignment with the overarching global green trend, An Tien Industries, alongside An Phat Holdings, has pioneered the development of compostable plastics, specifically Compound Bio, and is actively advancing bioplastic compounds like Ancal Bio to ensure a consistent supply of raw materials for environmentally friendly plastic products. The integration of solar power to support manufacturing operations signifies a crucial strategic move for An Tien Industries on its journey toward enhanced sustainability and extensive green transformation efforts. This initiative is a clear indicator of their proactive approach to reducing their carbon footprint.

At the Signing Ceremony for solar rooftop development at An Tien Industries factory

Benefits of the Power Purchase Agreement (PPA) Collaboration

The 2.56 MWp solar power system is projected to generate over 3,200 MWh of electricity annually, significantly supporting An Tien Industries’ manufacturing operations and helping reduce CO2 emissions by more than 2,300 tons each year. A key advantage of the Power Purchase Agreement (PPA) collaboration is that An Tien Industries is entirely relieved of concerns regarding investment and system operation costs. This financial model enables the company to optimally allocate its capital towards critical areas such as research, product development, and strategic business expansion. Under this arrangement, VP Energy assumes responsibility for system investment, while Vu Phong Energy Group delivers comprehensive Engineering, Procurement, and Construction (EPC) services, in addition to expert operation and maintenance (O&M). An Tien Industries will not only benefit from substantially cheaper solar power, leading to considerable energy cost savings during production, but upon the conclusion of the agreement, they will also receive a free system transfer with an assured capacity ranging between 80-90%, depending on specific conditions. This demonstrates the profound benefits of PPA solar for industries.

Representatives from An Tien Industries, VP Energy, and Vu Phong Energy Group sign a collaboration agreement for solar power development

The Rising Trend of Green Production Solutions

The increasing global imperative for companies to adopt green production solutions and actively reduce greenhouse gas emissions to comply with stringent green standards and integrate ESG practices has significantly propelled the prioritization of the Power Purchase Agreement (PPA) solar power collaboration model. Recently, VP Energy has demonstrated its commitment by investing in and developing a series of rooftop solar power systems for businesses under the PPA model. Notable projects include the 1.5 MWp system at Chien Thang Aluminum factory and three systems totaling 3.5 MWp at Quang Quan Plastics factories across Ha Nam and Thua Thien Hue. All these industrial solar systems are expertly developed and operated by Vu Phong Energy Group. Utilizing clean energy for production not only aids companies in achieving carbon footprint reduction and meeting mandatory green standards in the evolving global landscape but also critically contributes to Vietnam’s overarching national goals of emissions reduction, aspiring for 100% renewable energy and Net Zero by 2050.

Vũ Phong Energy Group

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Nguồn: https://vuphong.com/solar-rooftop-development-at-an-tien/.