Sao Do Group and CME Solar Investment Joint Stock Company are collaborating to invest in Dinh Vu Industrial Park's rooftop solar power.

DNHN - Sao Do Group and CME Solar Investment Joint Stock Company (CMES) have entered into a collaborative agreement to finance the installation of a rooftop solar power system within the Industrial Park (IZ), in alignment with the sustainable development

As a result, during the signing ceremony on November 9, Sao Do Group, a multi-field, multi-industry economic enterprise with substantial development experience in Hai Phong, and CMES Company, a prominent developer of "green energy" in Vietnam, jointly put forth extremely auspicious cooperation agreements.

The principal objective of this collaboration is to facilitate Nam Dinh Vu Industrial Park businesses' access to and utilization of cost-effective clean energy sources. Anticipating that the cumulative solar power capacity that can be deployed across the entirety of Nam Dinh Vu Industrial Park will surpass 1 GWp, the two corporations set forth to finish the initial phase by mid-2024, with capacities of 50 MWp, 200 MWp, and 700 MWp, respectively. This endeavor additionally seeks to mitigate carbon dioxide (CO2) emissions, thereby significantly contributing to the industrial park's sustainable development. Sao Do and CME Solar has taken the initial step towards a future expansion into additional renewable energy sectors with this agreement.

Conversion to renewable energy at Nam Dinh Vu Industrial Park

Nam Dinh Vu Industrial Park, spanning an area of 1329 hectares, is situated in the most advantageous location within the Hai Phong Economic Zone. It is widely recognized as an exceptionally appealing investment destination and is the only industrial park in Vietnam to feature four functional areas that are fully equipped with modern, synchronous infrastructure.

At present, Nam Dinh Vu Industrial Park has garnered the attention of 65 domestic and international projects, spanning various sectors such as electronics, furniture, Japan, Korea, China, Germany, France, and Singapore. It is anticipated that the cumulative solar power capacity capable of being installed across the entire Nam Dinh Vu Industrial Park will surpass 1 GWp. In the first phase, both organizations intend to install 50 MWp of rooftop solar energy by mid-2024, with the capacity increasing to 200 MWp by 2025 and 700 MWp by 2030.

Sao Do Group has collaborated with CME Solar to deploy solar power systems. Sao Do Group is one of the leading industrial park investors in Hai Phong in terms of investing in renewable energy to construct and develop green ecological industrial parks. This place is heavenly. This measure aids in alleviating strain on the nationwide electrical grid, particularly when the arid season is at its height. FDI enterprises are concurrently augmenting their utilization of renewable energy sources, thereby aligning with Vietnam's pledge to achieve "zero" greenhouse gas emissions by 2050.

Additionally, Nam Dinh Vu Industrial Park businesses have entered into a cooperation agreement to advance green development within the park. This agreement emphasizes the deployment of renewable energy sources in production and the prioritization of environmentally friendly technologies. in addition to conducting business via rooftop solar energy systems. Businesses are constructing a sustainable community while fulfilling their commitments to sustainable development and modestly promoting positive values.

Sao Do Group's General Director, Mr. Nguyen Thanh Phuong, stated, "Converting to green energy is an effective solution, especially since we have a dependable partner in CME Solar to develop and deploy the system." Nam Dinh Vu rooftop solar power system. We anticipate that factories and businesses in Nam Dinh Vu will be able to utilize energy sources at competitive prices, thereby reducing expenses and aiding in our endeavor to meet the 2050 Net Carbon target.

CME Solar is the foremost developer of green energy in Vietnam.

Being a dependable collaborator of numerous domestic and international enterprises, including Foxconn, LG Innotek Hai Phong, Song Hong Garment, and others... CME Solar remains a leading green energy development enterprise in Vietnam and the region by confirming its position as the sole provider of rooftop solar power systems at Nam Dinh Vu Industrial Park (IZ), Hai Phong, through the signing of a cooperation agreement with Sao Do in the field of clean energy.

CME Solar's solar energy projects in Vietnam have gained recognition primarily due to the key competitive advantages underscored by the CEO, Mr. Chung Dieu Tuan. The organization's primary objectives are quality and technology, as well as safety, sustainability, and strict adherence to domestic and international standards. Furthermore, in regards to efficient project management, characterized by a strong dedication to project advancement, a profound comprehension of the Vietnamese market, and swift progress. Ultimately, the in-house Total Operations and Maintenance (O&M) team has participated in the project to ensure a comprehensive understanding of the system, maximize capacity utilization, and employ a centralized monitoring system specifically designed for system optimization. Sao Do partners with CME Solar on several additional renewable energy initiatives due to the latter's dedication to excellence.

Nam Dinh Vu Industrial Park, which is slated to undergo expansion in the coming years and encompasses an area of over 1,329 hectares, is intended to integrate with the logistics services and seaport infrastructure in Northern Vietnam. Its ultimate goal is to become a hub for international logistics services by 2025, as directed by Hai Phong City.

To achieve this objective, the conversion into a contemporary industrial park that attracts cutting-edge technology is contingent on the efficient allocation of personnel and the capacity to comprehend emerging trends. Nam Dinh Vu Industrial Park has been the recipient of 65 domestic and international projects spanning a variety of industries, including apparel, electronics, and furniture, from Japan, Korea, China, Germany, France, and Singapore.

Huong Do