Solar rooftop developer Asia Clean Capital Vietnam has 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.
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.
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.
Mr. 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.