TotalEnergies ENEOS Expands Partnership With Golden Victory Vietnam To Develop A 4.6 MWp Solar Rooftop Project – EQ Mag
NAM DINH, Vietnam : TotalEnergies ENEOS has signed a long-term agreement with Golden Victory Vietnam Co., Ltd., one of the biggest shoes and footwear manufacturers and a key supplier for globally renowned sportwear brands, to develop a 4.6 megawatt-peak (MWp) solar photovoltaic (PV) system at its facility in Nam Dinh Province, Vietnam. This new phase takes their total solarization system size to 7.5 MWp.
With over 7,900 of modules installed, the PV system is expected to produce approximately 5,200 megawatt-hours (MWh) of renewable electricity annually, realising significant cost savings for Golden Victory and reducing the company’s carbon footprint by about 4,200 tons of CO2 emissions annually, equivalent to planting over 62,000 trees.
Under the agreement, TotalEnergies ENEOS will fully fund, install and operate the solar system while Golden Victory will pay only for the electricity generated for 20 years, avoiding any upfront costs.
“TotalEnergies is a very professional and trustworthy partner. Therefore, when we plan a new solar power generation project, TotalEnergies is always our first choice. In our last solar power project, the system has been running smoothly and the output power has been stable, contributes to our carbon emissions reduction. From system installation to operation, we feel the professionalism and service enthusiasm of TotalEnergies and their team,” said Catherine Liu, Director of of Golden Victory Vietnam Co., Ltd.
“We are delighted to be chosen again as the solar partner of choice for Golden Victory, powering their operations with our high-quality solar solution, supporting them in this significant step towards their sustainability goals. As a leading solar service provider, TotalEnergies ENEOS is committed to helping businesses achieve their environmental and cost-savings goals, providing customers with peace of mind from a technical, financial, and commercial perspective,” said Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia.
About TotalEnergies ENEOS Renewables Distributed Generation Asia Pte. Ltd.
The company is a 50/50 joint venture between TotalEnergies and ENEOS to develop onsite B2B solar distributed generation across Asia. It is headquartered in Singapore with a plan to develop 2 GW of decentralized solar capacity over the next five years.
TotalEnergies and renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in electricity and renewables. At the end of 2022, TotalEnergies’ gross renewable electricity generation installed capacity was 17 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world’s top 5 producers of electricity from wind and solar energy.
ENEOS Corporation and renewables electricity
ENEOS operates over 20 solar power plants in Japan and are also participating in renewable energy projects in the United States, Australia, and Vietnam. Furthermore, ENEOS is actively engaged in power generation projects using biomass, hydroelectric power, wind power, etc. This joint venture is ENEOS’ first overseas renewable energy project using distributed power sources.
About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.
About ENEOS Corporation
ENEOS Group has developed businesses in the energy and nonferrous metals segments, from upstream to downstream. The Group’s envisioned goals for 2040 are: becoming one of the most prominent and internationally competitive energy and materials company groups in Asia, creating value by transforming our current business structure, and contributing to the development of a low-carbon, recycling-oriented society with the pursuit of carbon-neutral status in its own CO2 emissions. ENEOS Corporation, one of the principal operating companies in the Group, is contributing to achievement of the Group’s envisioned goals through a broad range of energy businesses.
About Stella Shoes Group/Golden Victory Vietnam Co., Ltd.
Stella International Holdings LTD. is a leading developer and manufacturer of quality footwear and leather goods in fashion business and was listed on The Stock Exchange of Hong Kong Limited in 2007. Golden Victory Vietnam Co., Ltd. is the factory of Stella Group’s sports shoes division in Nam Dinh Province, Northern Vietnam. It mainly produces Nike sports shoes and is one of the main manufacturers of NIKE footwear. Currently about 10,000 workers in the factory. Annual production volume is about 9.5 million pairs of shoes.
