TotalEnergies Inks Deal for 2.1 MWp Solar Project with Hiep Phat International Agricultural Co. Ltd in Vietnam

Hiep Phat International Agricultural Co. Ltd (Hiep Phat), a prominent starch manufacturer in Vietnam, has inked a long-term deal with TotalEnergies to deploy a 2.1 MWp solar photovoltaic (PV) system at its Tay Ninh plant and office facilities. This ground-mounted solar and agri-PV project in Vietnam will supply 20% of their energy needs with clean power.

Comprising over 3,600 solar panels, this PV system is projected to produce approximately 3,250 MWh of renewable electricity annually. This not only translates to substantial cost reductions for Hiep Phat but also slashes the company’s annual carbon emissions by roughly 2,200 tons of CO2 – equivalent to removing about 440 cars from the road or planting over 33,000 trees.

Hiep Phat also has plans to cultivate crops underneath the panels, including food herbs and organic chicken farming to further expand its agricultural ventures. As part of this agreement, TotalEnergies will fully finance, install, and manage the PV system, while Hiep Phat will purchase the electricity generated over a 20-year term.

Nguyen Thanh An, Deputy Director of Hiep Phat International Agricultural Co. Ltd said, “I have been studying solar power application since a long-time and I would like to use renewable energy in our plant to reduce carbon footprint and impact on environment. The cooperation with TotalEnergies is an opportunity for us to implement this plan.”

Elodie Renaud, Director of TotalEnergies Renewables Distributed Generation Asia added, “We are pleased to be the chosen energy partner by Hiep Phat, to support their operations with renewable energy. This project is strategic for TotalEnergies as the first agri-PV project in APAC region, setting an example for the segment and highly scalable. As a leading solar service provider for commercial and industrial businesses, TotalEnergies is committed to helping customers to drive down both their energy costs and carbon footprint, and constantly adapting to new market segments. We are dedicated to being a long-term energy partner for Hiep Phat and look forward to more collaboration in the future.”