TotalEnergies ENEOS has signed a long-term agreement with Golden Victory Vietnam Co., Ltd., one of the biggest shoes and footwear manufacturers and a key supplier for globally renowned sportswear brands, to develop a 4.6 megawatt-peak (MWp) solar photovoltaic (PV) system at its facility in Nam Dinh Province, Vietnam. This new phase takes their total solarization system size to 7.5 MWp.
With over 7,900 modules installed, the PV system is expected to produce approximately 5,200 megawatt-hours (MWh) of renewable electricity annually, realising significant cost savings for Golden Victory and reducing the company’s carbon footprint by about 4,200 tons of CO2 emissions annually, equivalent to planting over 62,000 trees.
Under the agreement, TotalEnergies ENEOS will fully fund, install and operate the solar system while Golden Victory will pay only for the electricity generated for 20 years, avoiding any upfront costs.
“TotalEnergies is a very professional and trustworthy partner. Therefore, when we plan a new solar power generation project, TotalEnergies is always our first choice. In our last solar power project, the system has been running smoothly and the output power has been stable, contributing to our carbon emissions reduction. From system installation to operation, we feel the professionalism and service enthusiasm of TotalEnergies and their team,” said Catherine Liu, Director of Golden Victory Vietnam Co., Ltd.
“We are delighted to be chosen again as the solar partner of choice for Golden Victory, powering their operations with our high-quality solar solution, supporting them in this significant step towards their sustainability goals. As a leading solar service provider, TotalEnergies ENEOS is committed to helping businesses achieve their environmental and cost-savings goals, providing customers with peace of mind from a technical, financial, and commercial perspective,” said Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.