TotalEnergies Completes Rooftop Solar Installation in Vietnam

Image: site of PREMO Vietnam where the solar rooftop is installed by TotalEnergies

French multinational integrated energy company TotalEnergies has completed the building of 1 megawatt-peak (MWp) rooftop solar photovoltaic (PV) System at two production sites of Premo Vietnam in Quang Nam Province, Vietnam.

Headquartered in Spain, Premo is a leading provider of electromagnetic motion-tracking sensing solutions and designs. This PV system will power about 25% of the company’s facilities with renewable energy.

With over 1,700 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.

Under the agreement, TotalEnergies 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.

As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in electricity and renewables. 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 with the objective of being among the world’s top 5 producers of electricity from wind and solar energy.