The two partners will work together to create a modern industry fueled by renewable energy, and accelerate the sustainable development of the industry.
Hai Phong city, April 22nd 2022, from 9 am to 11 am on April 20th 2022, at Shinec Joint Stock Company, Shinec and Shire Oak International signed the cooperation Memorandum of Understanding (MoU) to jointly create a modern industry fueled by renewable energy, and accelerate the sustainable development of the industry. The two partners will advocate the cooperation to build and form the 4th symbiotic link, the symbiotic link of green and renewable energy in the eco-industrial park model applying the circular economy model that Shinec is pioneering in building in Nam Cau Kien Industrial Park. In the future, Shinec will replicate this model for the other industrial parks and clusters, aiming at sustainable economic development, reducing carbon emissions in line with the orientation and carbon neutralization in Vietnam by 2050.
Witnessing the MoU signing ceremony, there were Mr. Ho Phuoc Thanh, Vice Chairman of Gia Lai Provincial People’s Committee, Ms. Ayun Hbut – Vice Chairman of Gia Lai Provincial People’s Council, as well as partners and customers of Nam Cau Kien Industrial Park.
Mr. Pham Hong Diep, Chairman of the Board of Shinec Joint Stock Company stated: “I have always carried along a vision of building a modern industry for Vietnam, and participating in the global playground, Shinec Joint Stock Company Chairman has continuously implemented plans under the sustainable development strategic vision since 2012. He is striving to contribute to a zero-emission, a carbon-neutral industry fueled by renewable energies, in parallel with the Green Industry – Green Finance indicators.”
Sharing about the cooperation relationship with Shire Oak International, Mr. Nguyen Anh Minh, Deputy General Director, Chief Financial Officer of Shinec Joint Stock Company said: “Today’s signing ceremony is the result of the intersection in visions between our two partners, wanting to develop in a sustainable direction.
In order to deploy the 4th symbiotic link, the symbiotic link of green and renewable energy in the eco-industrial park model, Shinec has always been looking for the world’s leading partners having adequate experience and potential to cooperate. For rooftop solar power partners, we are setting certain criteria for the partner: Offering uniform service quality – we are looking for a partner that can develop all rooftop solar projects with uniform quality, ensuring maximum power production productivity, complying with the legal corridor, developing sustainably – we are looking for a partner taking into account all factors, from social security, environment, natural resources, to labor, etc, respecting the environment and natural resources – we set requirements for handling waste management when developing rooftop solar systems and taking into account the solar photovoltaic panel treatment.
Shinec and Shire Oak International will not only cooperate in developing and generating electricity from rooftop solar projects but also invest in energy storage systems to perform during off-peak hours, renovate electrical power transmission systems between the grid and renewable energy systems to gradually increase the share of renewable energy to 100%.”
Shire Oak International’s vision is to accelerate the global transition to renewable energies (solar, tidal, and wind). With a team of international, experienced professionals, and a desire to contribute to society, Shire Oak International provides 100% renewable energy to generate green power for factories and corporations.
Mr. Mark Shorrock, Shire Oak International CEO shared: “Vietnam is attracting funds from Europe to stop coal and gas. Vietnam is among the four countries that benefit the most from energy transition funds while Shire Oak International has received investment funds worth USD 300 million to build rooftop solar power projects across Southeast Asia. That would be our privilege to work with Mr. Diep and Shinec to supply renewable energy to all of eco-industrial parks invested by Shinec.”
About Shire Oak International
Shire Oak International is a division of Shire Oak Energy, a UK developer of tidal power and solar power. Founder Mark Shorrock is a highly experienced renewable energy investor and developer, having established pioneering companies Wind Energy and Low Carbon in the UK. The Shire Oak team boasts a combined track record of over 1,000 MWp of solar energy delivered to date, including, at the time, the UK’s largest solar farm at West Raynham Airfield.
Shire Oak International is currently developing just over 3,600MW of projects across the Middle East, South East Asia, Southern Africa, and Latin America, delivering utility-scale field and rooftop solar.
Supporting local communities in all our operational regions is a key part of Shire Oak International’s work. Shire Oak is dedicating 1% of our own annual turnover in Vietnam to safeguarding its natural heritage. For every project we build, 1% of project costs are dedicated to protecting Vietnam’s nature. For every VND of revenue that the projects generate by selling power to factories over their lifecycles, we dedicate 1% of those monies to nature.
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Shinec Joint-stock Company operates in: Investment in the infrastructure of industrial parks, industrial clusters, residential areas, urban areas and services, Leasing land, Leasing factories, offices, warehouses in industrial parks, industrial clusters, Real estate rental and sale services, Production and business support services.
With the mission of building a sustainable Vietnam industry, creating socio-economic values, and creating a good life for the community, Shinec will continue to replicate the model of an eco-industrial fueled by renewable energy sources park, towards carbon neutrality.
Shire Oak International
Son Bui, Director of Marketing & PR
Phone: +84 909300803