Esco NEXT to Deploy 390MW of Rooftop Solar Under New Agreement

Esco NEXT, a joint initiative between SolarBK and Banpu NEXT, has announced plans to install at least 390 megawatts (MW) of rooftop solar power in the coming years. The initiative marks the first phase of a new agreement aimed at expanding renewable energy adoption in Vietnam.

Esco NEXT builds upon the successful collaboration between SolarBK and Banpu NEXT, which began in 2022. The companies have maintained a strong partnership despite challenges in the domestic solar power market and the broader economic pressures following the pandemic.

James Rama Phataminviphas, Group Senior Vice President of Banpu NEXT Co., Ltd., highlighted the significance of the partnership in advancing the company’s renewable energy strategy. “This partnership is a key milestone in our goal to accelerate growth in our solar rooftop portfolio. We see Vietnam’s potential as a market for renewable energy solutions and believe that this deal can strengthen our ecosystem while contributing to the country’s net-zero goals,” he stated.

Nguyen Duong Tuan, General Director of SolarBK Group, emphasized the role of Esco NEXT in the company’s long-term vision. “Esco NEXT represents a significant step in SolarBK’s development strategy. This partnership will enable us to offer a multitude of green energy solutions to our business clients and those in the community,” he said.

Banpu NEXT has an extensive renewable energy portfolio, with previous investments in solar farms across China, Japan, Vietnam, Australia, and the United States, as well as wind farms in Vietnam. The expansion of rooftop solar through Esco NEXT is expected to further bolster Vietnam’s transition to clean energy and align with the country’s net-zero commitments.