Renewable energy Articles, Solar PV — Latest Solar Power News, Solar Energy | Energetica India Magazine

Sojitz Osaka Gas Energy Company Ltd., a joint venture company between Sojitz Corporation and Osaka Gas Co., Ltd., has partnered with Looop Inc. to establish a new joint venture company SOL Energy Company Limited as of October 21.

Moving forward, SOL Energy will begin operations of a rooftop solar power generation business geared towards industrial and commercial customers in Vietnam.

SOL Energy’s solar power business will utilize financial support from the Ministry of the Environment of Japan’s Financing Programme for JCM Model Projects in FY2021, and this project will be conducted in cooperation with the Vietnamese and Japanese governments.

SOL Energy plans to install rooftop solar panels that can provide over 10MW of solar power to customers at the Sojitz-operated Long Duc Industrial Park in southern Vietnam’s Dong Nai Province.

Installation of solar panels is expected to reduce CO2 emissions for Long Duc Industrial Park as a whole by approximately 5,800 tons annually. In addition to supplying customers with solar power over the long term, SOL Energy will use the surplus electricity to supply the industrial park’s operating companies.

In doing so, SOL Energy will contribute to utilization of renewable energy and decarbonization at the Long Duc Industrial Park.

The company also plans to expand its solar business beyond Long Duc Industrial Park.

We are here to bring you the latest solar power news, Renewable energy, Solar Energy, Solar PV, Read news on this category, Hundreds of Articles and more, and everything else that you need to and want to know about the solar industry.