Miza Corporation, a major recycled paper producer in Vietnam, has signed a long-term agreement with TotalEnergies, a green energy major from France, to provide a 4MWp solar photovoltaic (PV) system to its new production facility in Hai Duong province, Mipak Co., Ltd.
This was announced by Miza Corporation in a statement released on July 27.
According to the statement, the system will power about 20 per cent of the facility’s energy with green power, making it the first solar PV system built for Miza, which is looking to solarise all its sites.
|Lorenzo Mancini, head of Sales Southeast Asia of TotalEnergies Renewables Distributed Generation Asia-Pacific, and Nguyen Tuan Minh, chairman of Miza Corporation, shook hands |
With around 7,500 modules installed, the PV system will generate approximately 4,200MWh of renewable electricity annually, realising significant cost savings for Miza and reducing the company’s carbon footprint by about 1,250 tonnes of CO2 emissions, equivalent to planting around 19,000 trees annually.
Under the agreement, TotalEnergies will install and operate the PV solar system while Miza will pay for the electricity generated for 20 years, without taking any upfront investments.
On top of it, Total Energies and Miza Corporation have signed a letter of intent to commit to solarising other sites of Miza Corporation such as Miza Nghi Son. The total capacity of the PV system is estimated to reach 20MW.
|With around 7,500 modules installed, the PV system will generate approximately 4,200MWh of renewable electricity annually |
According to Nguyen Tuan Minh, chairman of Miza Corporation, the company has been operating in the recycling business for over 12 years. Since its inception, environmental sustainability was a target going along with Miza’s activities.
“We are delighted to partner with TotalEnergies in the energy transition. Being a long-term partner for TotalEnergies, Miza Corporation is committed to gradually moving to renewable energies, reducing its carbon emissions and to further achieving our environmental sustainability goals,” Minh said.
Gavin Adda, head of TotalEnergies Renewables Distributed Generation Asia noted, “We are delighted to partner with Miza Corporation in their efforts to go green. TotalEnergies is committed to being a long-term energy partner for Miza Corporation and is looking forward to collaborating further to achieve its environmental sustainability goals.”
Gavin added, “As the leading integrated solar solution provider in the region, we are encouraged to see more and more companies making efforts to reduce their carbon emissions.”
A major paper producer in Vietnam, Miza Corporation’s core business is recycling waste paper to produce kraft paper for packaging factories around the country.
Currently, the company produces 200,000 tonnes of packaging paper annually and is the biggest company in this field in northern and central Vietnam.
With the fresh move, Miza further broadens its efforts in minimising climate change impacts from its operations, and at the same time, transforms its financial performance.