19 September 2022
Asia Clean Capital Vietnam Company Limited (“ACCV”), an affiliate of the Asia Clean Capital group, is a leading clean energy solutions developer that focuses on rooftop solar projects, announced that it has signed a 20-year Power Purchase Agreement (PPA) with Vilube, a subsidiary of Motul group, for its production base in Ho Chi Minh City, Vietnam.
Vilube’s rooftop solar system has a capacity of 393kWp, along with 400kWh of battery energy storage (BESS). The dual application of solar and storage will contribute 82% of the energy needs for its production plant in Vietnam, with the use of BESS technology greatly increasing the energy output by 20% as compared to what the solar system could otherwise generate.
Vilube was founded in 1994 and has become one of the leading lubricant producers in Vietnam. In 2008, it became a member of Motul, a French company with more than 150 years of experience in high tech lubricant manufacturing and with a growing presence in Asia Pacific.
On 19 September 2022, ACCV entered into a 20-year power purchase agreement with Vilube, a subsidiary of Motul group in Vietnam. By providing the hybrid clean energy solution, ACCV is facilitating Motul’s efforts to achieve its sustainability goals to reduce CO2 emissions throughout the production process.
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 energy transition, with sustainability being increasingly valued by our clients. We are committed to be an integral part of building new green businesses together with them.”