Two production sites of PREMO Vietnam Co. Ltd in Quang Nam Province, Vietnam is installed with rooftop solar, which was completed by Spain’s TotalEnergies.
As per the statement, TotalEnergies completed the building of 1 megawatt-peak (MWp) Rooftop Solar Photovoltaic (PV) System at the sites. PREMO is a leading provider of electromagnetic motion tracking sensing solutions and designs. This PV system will power about 25% of the facilities with renewable energy. With over 1,700 of modules installed, the PV system will generate approximately 1,350 megawatt-hours (MWh) of renewable electricity annually. PREMO Vietnam will achieve cost savings for the facilities and reduce the company’s carbon footprint by about 1,000 tonnes of CO2 emissions annually, equivalent to planting over 15,000 trees, said the firm.
As per the agreement, TotalEnergies has fully funded and installed the solar system and will operate it while PREMO Vietnam will only purchase the electricity produced for 20 years, avoiding any upfront costs.
“Sustainability is one of our main objectives, green energy being a top priority for us. Therefore, we are pleased to partner with TotalEnergies, a company that we consider a key partner for our green strategy in Vietnam” said Andres Garcia, Country Manager of PREMO Vietnam Co. Ltd.
“We are pleased to support PREMO Vietnam in taking an important step towards achieving their long-term sustainability goals. As a leading solar service provider for commercial and industrial businesses, TotalEnergies is committed to helping customers like PREMO Vietnam reduce both their energy costs and carbon footprint,” said Elodie Renaud, Director of TotalEnergies Renewables Distributed Generation Asia.
At the end of Q2 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 19 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030, said the firm.