The partnership aims to help Motul achieve its 100 percent clean energy use goal. The solar PV system has a capacity of 393kWp, along with 400kWh of battery energy storage system (BESS). The dual application of solar and storage will contribute 82 per cent of the energy needs for its production plant in Vietnam, with the use of BESS technology greatly increasing the energy output by 20 per cent as compared to what the solar system could otherwise generate.
On 19 September 2022, ACCV entered into a 20-year PPA with Vilube |
By providing this hybrid clean energy solution, ACCV is facilitating Motul’s efforts to achieve its sustainability goals to reduce CO2 emissions throughout the production process.
The clean energy system design at Vilube production base |
Michael Luong, CEO of ACCV said, “Deploying climate technologies is essential to achieve the global net-zero challenge. As the leading manufacturing hub of ASEAN economies, Vietnam is on the cusp of the energy transition, with sustainability being increasingly valued by our clients. We are committed to being an integral part of building new green businesses together with them.”
Vilube was founded in 1994 and has become one of the leading lubricant producers in Vietnam. In 2009, it became a member of Motul, a French company with almost 170 years of experience in high-tech lubricant manufacturing and with a growing presence in Asia-Pacific.
ACCV is the Vietnam based affiliate of Asia Clean Capital, a leading distributed solar developer for the high-end industrial and commercial market. Core clients include Nestle, Coca-Cola, Danone, Volkswagen, Schindler, Unilever, Andritz, Fujitsu, Mapletree, and many more. Focused on carbon reduction and energy efficiency solutions, ACCV invests all of its project costs and provides the design, engineering, equipment, government approvals, installation, and long-term maintenance of solar systems. All electricity produced is provided to clients at below-grid prices under long-term agreements. ACCV's project sites are typically large production facilities with electric demand from 1 to 20MW. |
Vietnam has first JCM Eco Lease scheme project registered An eco-lease solar power project is set to be implemented under cooperation between the Vietnamese and Japanese governments. |
MoIT recommends unfinished wind, solar farms negotiate energy prices The Ministry of Industry and Trade (MoIT) has asked the Prime Minister about the mechanism for ongoing solar power and transitional wind power projects to enjoy the incentive price. |
Cooperation for solar power development in Green Park Vinh Phuc clinched Today in Ho Chi Minh City, Nam Binh Xuyen Green Park Co., Ltd. – a member of YSL Group – and SkyX Solar JSC – a member of VinaCapital and EDF Renewables – signed an MoU on investment cooperation for green energy construction in Green Park Vinh Phuc. |
New energy tie-ups lean to greener business ambitions Foreign investors are increasing activities in renewable energy in Vietnam through new tie-ups, with a focus laid on self-use electricity due to the country’s global commitments to a greener future. |
International partners commit to help Vietnam realising net zero emissions The United Nations and development partners, during discussions with Vietnamese ministries and sectors, expressed their willingness to support Vietnam in achieving the goal of net zero emission and energy transition. |
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