Ho Chi Minh City, LILAMA 18.1 and Shire Oak International (SOI) signed EPC contracts to jointly develop renewable energy projects in Vietnam.
LILAMA 18.1 cooperates with Shire Oak International to jointly develop renewable energy projects
Accordingly, LILAMA 18.1 will be in charge of the design, supply, installation, and testing of rooftop solar power projects (Rooftop Solar) in Binh Duong province and Thanh Hoa province with a total installed capacity of about 2.4MWp. These projects are worth over 1.4 million USD. It is expected that after more than 3 months of construction, LILAMA 18.1 will hand over the system to Shire Oak International for commercial operation. This renewable energy source will help reduce more than 1,000 tons of Carbon Dioxide (CO2) emissions into the environment per year.
The signing of a cooperation agreement with Shire Oak International proves and affirms LILAMA 18.1 position and capability in the role of EPC general contractor for renewable energy projects, particularly solar power projects.
Shire Oak International is one of the leading energy investment groups in the UK, Europe, Vietnam, and Indonesia. With representative offices in various countries, Shire Oak International has implemented many large-scale renewable energy projects, with a total value of licensed projects up to 2.49 billion USD. As Vietnam has a rapidly growing economy and electricity demand is increasing by 6,000MW per year, Shire Oak International is implementing a series of solar power projects across the country.
By partnering with businesses and educational institutions across the region, Shire Oak International is currently on track to implement approximately 720 rooftop solar projects with a total value of up to 1.9 billion USD (more than 43 trillion VND) across Vietnam.