With strict requirements from clients to reduce carbon footprint in the production process as well as to increase the percentage of renewables in the energy mix, Golden Victory was looking for feasible initiatives to incorporate the emission reduction and green development into their sustainable development strategy. They decided to install solar photovoltaic (PV) system that can show a strong commitment to their clients’ initiatives and were looking for a partner for development.
Golden Victory had two concerns about the PV system installation – one being the potential impact of low irradiance on the system’s performance due to the factory’s location in Northern Vietnam, and the other being safety in project implementation. They needed a reliable partner who can solve both concerns.
This led them to TotalEnergies, known for its more than 50 years of experience in deploying renewable energy solutions on highly technical and complex sites around the world. TotalEnergies provided the most suitable and tailored solution for Golden Victory, ensuring the highest safety and quality standards.
Under the contract signed between Golden Victory and TotalEnergies, TotalEnergies is responsible for the construction and operation and maintenance of the PV system for a period of 20 years, and Golden Victory will pay for the power generated without taking any upfront investment. The 2.9 MWp on-site solar PV system has been commissioned and started producing clean energy from January 2022. It generates approximately 3,300 MWh annually and contributes up to 21% of Golden Victory’s energy mix, reducing more than 1,000 tons of CO2 emissions per year, the equivalent of planting 15,500 trees.
By partnering with TotalEnergies for the installation of the on-site PV system, TotalEnergies takes care of the system with the best technical expertise while Golden Victory can utilise their unused roof area to maximise the facility’s value, keep their focus on their core business and power their energy needs with a high-performance PV system providing electricity that is cheaper than the grid.
Catherine Liu, Factory Manager of Golden Victory said, “Using green energy is a necessity, and it is also an important indicator for us to achieve sustainable development. The installation of rooftop solar photovoltaic power generation project is not only what we are fulfilling as a good corporate citizen responsibility but also supports sustainability at the same time. We are glad to cooperate with TotalEnergies to achieve sustainability goals in energy saving and carbon reduction.”
Gavin Adda, Head of TotalEnergies Renewables Distributed Generation Asia said, “We are thrilled to see that more and more large companies are taking firm actions in their energy transition, taking into account business development while protecting the environment. TotalEnergies is always looking to support customers in their environmental efforts by providing the most suitable and cost-effective solution so that they can achieve both goals in parallel, such as reducing their energy costs and reducing carbon emissions.”
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