EVM, Solarvest, and PECC2 partner to boost renewable energy in Vietnam

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  • Allows for large-scale clean energy to get provided in Vietnam.
  • uses the Direct Power Purchase Agreement to provide EVM with natural light.

EVM, Solarvest, and PECC2 partner to boost renewable energy in Vietnam

Saigon Jim Brother’s Corporation ( EVM), Solarvest ( Vietnam ) Company Limited ( Solarvest ), and Power Engineering Consulting Joint Stock Company 2 ( PECC2 ) have signed an MoU to promote renewable energy in Vietnam via the Direct Power Purchase Agreement ( DPPA ) Mechanism. This collaboration will deliver natural electricity from Solarvest and PECC2 to EVM’s Asian operations, aligning with Vietnam’s Decree 80/2024/ND-CP on DPPA regulation for solar energy generators and big consumers. &nbsp,

Partnership Facts

The parties are utilizing the online DPPA, which gives EVM access to the federal grid’s green energy from a renewable farm. This strategy aims to conquer barriers such as convenience, regulation, financial, and professional challenges. &nbsp,

Jack Tan Qi Jie, worldwide vice president – Sales, Assets &amp, Marketing of Solarvest, highlighted the strategic value of the collaboration:” This collaboration between EVM, Solarvest and PECC2 is more than a collaboration—it’s a proper alignment of expertise and shared values. We are working together to achieve both economic viability and operational efficiency as we address one of the most pressing issues facing today’s organizations. Solarvest brings years of experience in clean electricity growth, with over 1, 300MW of renewable energy projects across Asia-Pacific. We are developing customized solutions that enable businesses to achieve their sustainability goals without sacrificing profitability by combining our confirmed economic models with PECC2’s technical expertise and EVM’s innovative drive. We are excited to be a part of this development as a pioneer and see that The DPPA via National Grid represents an important step in Vietnam’s power change and that it will change its energy sector, policies, and power system operations toward NET ZERO.

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