Da Nang city, Vietnam, December 16th, Asia Clean Capital Vietnam and Universal Alloy Corporation Vietnam have entered into a power purchase agreement and kicked off the rooftop solar PV project with a capacity of 4.3 MWp.
The fifteen-year power purchase agreement between Asia Clean Capital Vietnam (ACC Vietnam) and Universal Alloy Corporation Vietnam (UACV) was successfully signed at the UACV factory in Da Nang Hi-Tech Park. Under this agreement, ACC Vietnam will provide UACV a turnkey clean energy solution, powered with a 4.3 MWp rooftop solar PV system. The PV system is designed and built to meet the highest safety standards in a region hit every year by heavy storms and typhoons. With 7,172 modules installed, the system will generate 5,906.91 MWh and avoid 4,802.3 tons of CO2 annually helping UACV offset 27% of its current annual power demand.
On December 16, the commencement ceremony for this project was also held at UACV factory. The commencement ceremony was witnessed by board representatives from the Da Nang Hi-Tech Park Management, the American Chamber of Commerce (AMCHAM) Danang and Vietnam ESG committee, DINCO Engineering & Construction Corporation, and notable leaders from Da Nang based progressive enterprises.
At the ceremony, Mr. Truong Hoang Nguyen, General Director of UACV stated: “At Universal Alloy Corporation Vietnam, we have a vision of achieving net-zero emissions by 2035. Installing the rooftop solar PV system is one of the first major step that we are implementing in Vietnam to realize this vision. We want to operate with zero CO2 generation.
Besides, Universal Alloy Corporation is recycling 98% of our main raw material, aluminum. These actions prove our aspiration to be a leading green company in terms of ESG adoption.
I strongly believe, with the skills of our partners, the dedication of more than 800 UACV staff and the support from our strong corporate level, Montana Aerospace, we will bring this factory to the next level.”
The decision to transition to clean energy proves UACV management board’s determination to act against climate change and lead the way to a greener manufacturing in the aerospace industry. This is also the message that the Prime Minister delivered during his visit to UACV utilities back in June this year.
As the investor and developer of this rooftop solar PV project, ACCV CEO, Mr. Michael Viet Luong shared: “Universal Alloy Corporation Vietnam, as the Da Nang branch of the world’s leading aerospace component manufacturer and a key FDI project of Da Nang Hi-Tech Park, sets an example for other progressive enterprises to transition to renewable energy and contributes to the Vietnamese government’s goal of achieving net-zero emissions by 2050.
As a preferred partner for multinational companies, Asia Clean Capital Vietnam is committed to providing clean energy solutions that meet strict standards as for Universal Alloy Corporation Vietnam.”
On behalf of 365 Energy, Mr. Hoi Nguyen, CEO of Da Nang branch stated: “365 Energy has installed close to 200 MWp of rooftop solar energy capacity across the country. With our experience, we are committed in providing technical excellence that meets the highest safety requirements from UACV and overcome the typhoon season in the region.”
Universal Alloy Corporation Vietnam, established in 2019, manufactures and exports aircraft components to North America and Europe which are worth $11 million in 2021 and $35 million in 2022, and expects to reach $60 million in 2026 and $90 million in 2028.
All the components manufactured at UACV go through a very strict compliance protocol to be qualified for export in North American and European markets. In addition to the rooftop solar PV system and to respond the growing ESG needs for MRV (measurable, recordable, and verifiable) data, Asia Clean Capital provides access to its dedicated blockchain platform powered by Allinfra, which collects verifiable carbon data directly from source, enables transparent ESG reporting and creates dRECs that are traceable to the underlying data to the production meter. ACCV, as the preferred partner of multinationals and large domestic firms to achieve net-zero, is committed in delivering a total solution.
About Universal Alloy Corporation Vietnam
Founded in 1961, UAC is a global leading manufacturer and supplier of aerospace components. The
company was acquired by Austria-based Montana Tech Components in 2006 and is listed on the Swiss
stock market (SIX Swiss Exchange). Montana tech components has a proven track record in developing
industrial champions: Montana Aerospace with UAC and ASCO, Varta and Alu Flex Pack.
With facilities in North America Europe, and now in Asia Pacific, UAC focuses on highly demanding aerostructures and has established long-term contracts with all major aircraft manufacturers such as Boeing, Airbus, Embraer, and Bombardier. The company is also one of the three world-leading corporations in supplying special aluminum for aircraft production. Today, UAC provides its hi-tech aircraft components and assemblies to more than 800 companies in North America, Asia, Europe, and South America.
With the facility in Danang, UACV reached a turnover value of $11 million in 2021, $35 million in 2022, and expects to reach $60 million in 2026 and $90 million in 2028. These expectations for the Vietnam plant are likely to be significantly increased as the group has recently signed a multi-billion USD multi-year contract with Airbus starting 2023.
About Asia Clean Capital Vietnam
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 the project costs and provides the design, engineering, equipment, government approvals, installation, and long-term operation and maintenance of solar, energy storage and data management 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.
About 365 Energy
365 Energy is one of the leading green energy solution providers in Vietnam. The company provides an extensive range of services, from EPC and O&M for renewable and energy efficiency projects to consultancy for I-REC and GHG roadmap, with international quality and local expertise.
Since 2016, 365 Energy has completed hundreds of projects with a total capacity exceeding 200 MWp for various recognized FDI companies such as BAT, Maple tree (Vivo city), Olam, Dunlopillo, Midea, Schindler, etc contributing to the national development of green and sustainable energy.
About DINCO Engineering & Construction
DINCO Engineering & Construction is privately owned, with the scope of activities stretching over the territory of Vietnam. DINCO client portfolio includes more than 90% of foreign investors and 70% of that come from G7 countries like: Groz-Beckert, Amann Group (Germany), Universal Alloy Corporation Vietnam, Colgate Palmolive (USA), Bekaert (Belgium), Schneider (France), Relats (Spain), Heineken (Netherlands), Suntory Pepsico, Sun Frontier (Japan) etc.
As the top choice for international clients with Industrial Plants, High-rise Buildings, Hotels, Resorts, Traffic and infrastructure construction projects, DINCO can propose innovative engineering solutions, cost saving project management services and offer competitive pricing thanks to a smooth combination of extensive knowledge, rich experience and accumulated skills.