Singapore’s SP Group joins hands with Hoa Sen Group for clean energy

Under the agreement, SP Group will act as the consulting unit for the conversion to clean energy, investing in power grid infrastructure, cooling systems, and energy-saving solutions, along with other projects across Hoa Sen Group's infrastructure and steel mills nationwide.

Hoa Sen Group has already installed rooftop solar power systems at several of its steel mills, totalling 13.4 MWp in capacity.

The tie-up marks a significant milestone for Hoa Sen Group, showcasing its corporate responsibility towards the environment. This initiative aims to promote the use of clean energy in production, thereby helping Hoa Sen Group reduce greenhouse gas (GHG) emissions and meet mandatory green standards in accordance with global trends, particularly in international markets with stringent product emission requirements such as Europe and the US.

Vu Van Thanh, CEO of Hoa Sen Group, emphasised, “This move demonstrates Hoa Sen Group's strong commitment and determination to implementing its sustainable development strategy. We are enhancing green production solutions to reduce GHGs and meet green standards, actively improving competitiveness, and expanding export channels for Hoa Sen Group's products in international markets with stringent emissions requirements. Additionally, through comprehensive deployment of clean and sustainable energy solutions, we aim to contribute to Vietnam's national goal of achieving net zero emissions by 2050.”

Brandon Chia, managing director of Southeast Asia and Australia for Sustainable Energy Solutions at SP Group, stated, "This partnership demonstrates our commitment to supporting customers' transition to clean energy by promoting the adoption of renewable energy sources at manufacturing plants. With sustainable energy solutions and digital energy management, we aim to assist Hoa Sen Group in achieving energy efficiency goals while creating a more sustainable future for Vietnam."

In the near future, Hoa Sen Group will continue to research, invest in, and utilise clean energy sources in warehouses, branches, and stores across the country. Upon implementation, this project will significantly contribute to optimising the group's electricity costs and environmental protection.

SP Group acquires solar farms in Vietnam SP Group, a sustainable energy solutions provider in Asia Pacific, has acquired 100 megawatts-peak (MWp) of solar power assets in Vietnam, showing a long-term commitment to the country.

Steelmakers must act now in CBAM entry The introduction of the EU’s carbon border policy will be particularly crucial for Vietnamese steel companies, as they are among the top emitters of greenhouse gases domestically.

Vietnam’s steel producers embracing CBAM transition Vietnam’s steel production industry is taking initial steps in shifting to greener production and minimising emissions to adjust to the requirements of major markets such as the EU.