HCMC – Vina Australia Packaging Labels has signed a power purchase agreement with Shire Oak International to develop rooftop solar systems at its factories.
Under the deal, Shire Oak International will cover 100% of the cost of consultancy, design, materials and installation of the rooftop solar systems. Electricity generated from these systems will be sold to Vina Australia Packaging Labels with a 19 % discount compared to the price set by the Vietnam Electricity Group.
There are two systems in the pipeline, including a 671 kWp system at Vina Australia Dong Nai and a 363 kWp system at Vina Australia Vinh Loc in HCMC. In total, the two rooftop solar systems are capable of generating over 1,500 MWh and reducing more than 1,300 tons of carbon dioxide per year.
As a leading developer and financier of large-scale renewable energy projects with over 20 years of experience in the United Kingdom and many developing nations, Shire Oak International is working to accelerate the transition to renewable energy in Vietnam.
With strong experience providing renewable solutions for businesses active in the labeling and packaging industry, Shire Oak International has crafted the most suitable offers for Vina Australia Packaging Labels.
According to research by ResearchGate in 2006 about the environmental impact of the packaging industry, different packaging materials pose threats of different levels to the environment, including impacting severe areas of exposure, consuming too much energy, and constituting a major risk to the aquatic environment.
With the cooperation, Vina Australia Packaging Labels, which specializes in providing flexible packaging labels for clients active in the beverage and brewery industries, is contributing to reducing carbon dioxide emissions to the environment.