HO CHI MINH CITY, Vietnam, June 5, 2023 /PRNewswire/ -- Sao Mai Solar Company, a subsidiary of Sao Mai Group in An Giang Province, signed a SPA (Share Purchase Agreement) ) with TotalEnergies ENEOS to sell 3.4 portfolios of rooftop solar photovoltaic (PV) systems with megawatt peak capacity (MWp). The two sides also signed a Memorandum of Understanding (MOU) to further develop renewable energy together – starting with the development of more rooftop solar power systems for Sao Mai Group's production units.
Photo: Le Thi Nguyet Thu, CEO of Sao Mai Solar Company, and Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia shake hands
The portfolio of rooftop solar power projects with a capacity of 3.4 MWp has been installed on the roof of Asia Fish Oil (AFO) factory and IDI International Development and Investment Joint Stock Company's factory in Industrial Complex. Vam Cong industry, Binh Thanh commune, Lap Vo district, Dong Thap province. It currently generates 4.4 GWh of renewable energy per year, reducing more than 3,500 tons of CO2 emissions annually, which is equivalent to planting more than 52,500 trees.
TotalEnergies ENEOS, as the leading solar solutions provider in the region, will leverage its international engineering expertise and effectively operate this portfolio to serve its customers. My B2B.
Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia, said: “We are very pleased not only with this new addition to our portfolio of solar projects in Vietnam, but also with the demonstration. joint readiness for a long-term partnership through the signed Memorandum of Understanding These commitments underline TotalEnergies ENEOS' commitment to further develop its distributed generation operations in the region. APAC and assist more B2B customers in meeting their sustainability goals."
To learn more about solar solutions that are suitable for TotalEnergies ENEOS, see our free brochure or contact us directly for more information.
About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Co., Ltd
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop on-site B2B solar distributed generation systems across Asia. It is based in Singapore with plans to develop 2 GW of decentralized solar capacity within the next 5 years. https://solar.totalenergies.asia
TotalEnergies and renewable energy
As part of its ambition to reach net zero by 2050, TotalEnergies is building a portfolio of renewable energy and electricity operations. By the end of 2022, TotalEnergies' total installed renewable generation capacity is 17 GW. TotalEnergies will continue to expand this business to reach a total of 35 GW of production capacity from renewable and storage sources by 2025, then 100 GW by 2030 with the goal of becoming one of the five manufacturers. The world's leading wind and solar power generator. https://renewables.totalenergies.com/en
ENEOS Corporation and Renewable Energy
ENEOS operates more than 20 solar power plants in Japan and is also involved in renewable energy projects in the United States, Australia and Vietnam. Furthermore, ENEOS is actively involved in power generation projects using biomass, hydroelectricity, wind power, etc. This joint venture is ENEOS's first overseas renewable energy project using electrolytic sources. canopy.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energy on a global scale: oil and biofuels, natural and green gas, renewables and electricity. Our 100,000+ employees are committed to making energy more affordable, cleaner, more reliable and accessible to more people. Operating in more than 130 countries, TotalEnergies puts sustainability in all aspects at the heart of its projects and activities to contribute to people's well-being.
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About ENEOS Joint Stock Company
The ENEOS Group has developed businesses in the energy and non-ferrous metals segments, from upstream to downstream. The Group's projected goals for 2040 are: to be one of the most prominent and internationally competitive groups of energy and materials companies in Asia, creating value by transforming our current business structure and contribute to the development of a low-carbon, recycling-oriented society with the pursuit of carbon neutrality in its own CO2 emissions. The ENEOS Group, one of the principal operating companies within the Group, is contributing to the achievement of the Group's envisioned goals through a range of energy businesses.
About Sao Mai Solar Company
Sao Mai Solar Company is a subsidiary of Sao Mai Group established in 2017, investing in An Hao Solar Power Plant, designed capacity of 210 MWp, located in Tinh Bien District, An Giang Province and Power Plant. Solar Europlast 50 MWp in Duc Hue district, Long An province. In addition, the company also implements many rooftop solar power projects for households, production and business establishments in order to fulfill the mission of making Vietnam an environmentally friendly country. After 6 years of operation, Sao Mai Solar is constantly innovating to develop, affirming its brand position in the solar energy market, and strengthening the trust of customers and partners.
About Sao Mai Group
Sao Mai Group has a history of nearly 30 years of formation and development. The Group has a diversified and efficient operating ecosystem from production to business, associated with local sources of raw materials and potential, in the following industries: Aquaculture & seafood processing for export; A quatic feed production; Real Estate; Processing value-added food from pangasius, processing fish meal - fish fat; Tourism; Construction design and financial investment, labor export and especially green new energy.
TotalEnergies Contact ENEOS
Media Relations:contact.solar.asia@totalenergies.com
Sao Mai Solar Contacts
Media relations: pr@saomaigroup.com
caution note
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Caution ENEOS Corporation
The terms "ENEOS", "ENEOS Group" herein are used to refer to ENEOS Corporation and the consolidated entities that are controlled directly or indirectly by ENEOS Corporation. This document contains several forward-looking statements. Actual results may differ significantly from those reflected in any forward-looking statements due to a variety of factors, including but not limited to the following: (1) economic conditions macro and changes in the competitive environment of energy, resources and materials industries; (2) the impact of COVID-19 on economic activity; (3) changes in laws and regulations; and (4) risks associated with litigation and other legal proceedings.
