Sao Mai Solar Company, a subsidiary of the Sao Mai Group in An Giang Province, signed a SPA (Share Purchase Agreement) with TotalEnergies ENEOS for the sale of its 3.4 megawatt-peak (MWp) rooftop solar photovoltaic (PV) system portfolio. The two parties also signed a Memorandum of Understanding (MOU) to develop further renewable together – starting with the development of additional rooftop solar PV systems for Sao Mai Group’s production units.
The 3.4 MWp portfolios of rooftop solar PV projects have been installed on the roof of the Asia Fish Oil (AFO) factory and IDI International Development and Investment Joint Stock Company factory located in Vam Cong Industrial Cluster, Binh Thanh Commune, Lap Vo District, Dong Thap Province. It currently generates 4.4 GWh of renewable energy each year, reducing more than 3,500 tons of CO2 emissions annually, equivalent to planting over 52,500 trees.
TotalEnergies ENEOS, as a leading provider of solar solutions in the region, will leverage its international technical expertise and operate this portfolio efficiently to serve its B2B customers.
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 of a common willingness for a long-term partnership through the signed MOU. These highlight TotalEnergies ENEOS’ commitment to further grow its distributed generation activity in the APAC region and support more B2B customers in meeting their sustainable development goals.”