Samsung Electronics Vietnam is on monitor to ramp up its local weather motion by increasing its procurement of renewable power.
On July 3, the Vietnamese authorities issued a decree on direct energy buy settlement (DPPA) that permits enterprises to buy renewable power from non-public producers with out an middleman.
The settlement permits enterprises to signal renewable power contracts exceeding a sure scale with non-public producers, not simply the state-owned Vietnam Electricity (EVN). Until now, enterprises primarily procured renewable power by small-scale photo voltaic panels on the roofs of their enterprise websites or by buying renewable power certificates (RECs).
With the implementation of the DPPA, Samsung Electronics Vietnam will be capable to strengthen the institutional basis for securing renewable power.
Samsung Electronics has been tirelessly working with numerous stakeholders, together with the Vietnamese authorities and civil society organizations, to introduce the DPPA system and put local weather technique into observe. Since the primary DPPA discussions started in 2019, Samsung has emphasised the necessity to introduce the renewable power procurement mechanism as quickly as doable to attain web zero carbon emissions objectives, and offered technical recommendation on the best way to implement the mechanism in a steady method. Samsung has additionally continued to speak with stakeholders by the Asia Clean Energy Coalition (ACEC), a coalition of renewable power patrons, in collaboration with sellers and financiers, to strategically shift coverage in key Asian markets, together with Vietnam.
“Through the DPPA, we plan to get in touch with large-scale renewable energy producers proportionate to the size of operations at Samsung Electronics Vietnam and make competitive purchases of renewable energy,” mentioned Executive Vice President Joo Ho Choi, General Director of Samsung Vietnam Complex. “We will continue to work with the Vietnamese government to advance Vietnam’s renewable energy infrastructure.”
