Sao Do Group and CME Solar Company to invest in rooftop solar in Nam Dinh Vu IP

Representatives of Sao Do Group and CME Solar Company signed a cooperation agreement to deploy a rooftop solar power system at Nam Dinh Vu IP, Haiphong

The collaboration, announced during the signing ceremony on November 9, marks a promising alliance between Sao Do Group-a diverse economic enterprise with extensive development experience in Haiphong-and CME Solar Company, a leading developer of green energy in Vietnam.

The primary objective of this collaboration is to support businesses within Nam Dinh Vu IP in accessing and utilising clean power sources with optimal cost efficiency. The total estimated solar power capacity for the entire Nam Dinh Vu IP is projected to exceed 1GWp so both parties aim to achieve up to 50 MWp in the first phase by the middle of 2024, 200MWp in 2025 and to get 700MWp in 2030. This initiative also targets a reduction in CO2 emissions, making a significant contribution to the sustainable development of the IP.

Spanning 1,329 hectares, Nam Dinh Vu IP holds a prime location in the Haiphong Economic Zone, making it highly appealing to investors.

Nam Dinh Vu Industrial Park has successfully attracted more than 65 domestic and international companies from countries such as Japan, Korea, China, Germany, France, and Singapore from different sectors like garments, furniture and electronics.

Sao Do Group, a prominent investor in industrial parks in Haiphong, is committed to investing in renewable energy for the development of green and ecological IPs.

In collaboration with CME Solar, they are deploying solar power systems within the industrial park. This not only alleviates pressure on the national electricity system, particularly during peak dry seasons, but also aligns with foreign-invested enterprises' increasing adoption of renewable energy.

Businesses within Nam Dinh Vu IP have collectively signed a cooperation agreement to advance green development, prioritising environmentally friendly technologies and the deployment of renewable energy in their production and business operations.

Nguyen Thanh Phuong, general director of Sao Do Group said, "Converting to green energy is an effective solution, especially with a reliable partner like CME Solar to deploy and develop rooftop solar power systems in Nam Dinh Vu. We hope that businesses and factories in the industrial park can access power sources at competitive prices, save costs, and support us in achieving the 2050 net carbon target."

As a collaborator for numerous domestic and international enterprises, including Foxconn, LG Innotek Haiphong, and Song Hong Garment, CME Solar solidifies its position as Vietnam's trusted partner in green energy developer. Through this strategic cooperation agreement with Sao Do, CME Solar continues to play a pivotal role as a renewable platform in Vietnam and regions.

CME Solar is the preferred partner for solar energy projects in Vietnam, well-known for a number of key advantages emphasized by CEO Chung Dieu Tuan.

Firstly, the company places a strong emphasis on Technical and Quality Assurance, ensuring safety and sustainability in strict compliance with domestic and international standards. Secondly, it is renowned for Efficient Project Management, marked by rapid progress, a profound understanding of the Vietnamese market, and unwavering commitment to project timelines. Lastly, the in-house Comprehensive Operations and Maintenance approach involves the team from the project's design stage, ensuring optimal functionality and maintenance through a dedicated central monitoring system. This commitment to excellence has led Sao Do to choose CME Solar as a partner.

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