On September 7th, 2020, Skylar Joint Stock Company – a subsidiary of BCG Energy Joint Stock Company signed a contract to install solar rooftop energy with a total capacity of 5.55 MW on Freetrend Industrial A Co., Ltd. in Industrial Zone In Linh Trung Export Processing zone.
This is the first contract signed in a bond package of 19.5 MW solar rooftop system installation. The entire project in the 19.5 MW package is expected to COD by the end of 2020.
Rooftop solar is a new model with great potential for development in the future. According to statistics of Vietnam Electricity (EVN), as of July 31, 2020, Vietnam has developed 42,694 Solar rooftop energy systems, with a total capacity of 917 MW. Also in the first 7 months of the year, the total electricity generated onto the grid was more than 300 million kWh. Compared to the number of 377.9 MW installed before December 31, 2019, it is noticeable that in the past 7 months, rooftop energy sector has sharply increased.
Therefore, this signing presented significant meanings as regards to the vision of BCG Energy in the renewable energy sector. BCG Energy has signed several contracts for solar rooftop installation with total portfolio capacity up to nearly 100MW. The Company set target to complete 500 MW of solar rooftop energy in the period 2020 – 2024.
The supply and installation of 5.55 MW solar rooftop energy in Linh Trung Export Processing Zone is also a great opportunity for BCG Energy because this is one of the most successful industrial park in Vietnam with good reputation with Asian investors. Export net of area in 2020 reached more than 2% of the total export net of the country, creating 1/10 of the total job opportunities from the foreign investment sector.
Beside Linh Trung Export Processing Zone, BCG Energy had deployed some other rooftop solar systems in industrial parks and export processing zones in the provinces of Long An, Tien Giang, Can Tho, Dong Nai, Binh Duong, Binh Phuoc…
More information about BCG Energy (BCGE):
BCGE is a subsidiary of Bamboo Capital Group which operates in the renewable energy sector, including 4 models: solar farm; rooftop solar; floating solar and wind energy.
In the past two years, BCGE has successfully deployed two solar power plants BCG-CME Long An 1 & 2 in Long An with a total capacity of 140MW, a 330MW solar power plant in Phu My has just started in Q2/2020. Currently, the Company is also actively completing legal procedures to implement other projects in Long An, Ben Tre and Soc Trang.
Until 2021, BCG Energy targets to achieve 1.5GW to 2GW in total successfully deployed project portfolio. Besides, the Company is also researching for the possibilities to develop LNG liquefied natural gas projects in Long An.
More information about Freetrend Industrial A Co., Ltd:
Freetrend Industrial A Co., Ltd established in 2002. The factory is located at Industrial Zone In Linh Trung 2 Export Processing Zone, Binh Chieu Ward, Thu Duc District, Ho Chi Minh City. Freetrend Industrial A officially operated in 2003 and currently employs about 13,000 workers.