HCMC, September 21 2022, this morning, Shire Oak International signed a power purchase agreement with Bao Minh Textile. According to this agreement, Bao Minh Textile granted Shire Oak International license and solar easement, use the existing electrical system, and own the photovoltatic plant throughout the term. The photovoltaic plant will have a system capacity of 2.8 MWp.
The agreement was signed by Mr. Tran Dang Tuong, General Manager of Bao Minh Textile and Mr. Miguel A. Ferrer, Manading Director of Shire Oak International.
At the event, Mr. Tran Dang Tuong, General Manager of Bao Minh Textile shared the future plan of expansion and proposed that Shire Oak International could plan for the rooftop solar system at the new textile factory.
Bao Minh Textile is one of the biggest and most woven fabrics producers, in Nam Dinh Province. Their facilities include weaving, yarn-dyed, piece-dyed, and state of the art in finishing, handlooms, laboratory, all conveniently located at Bao Minh Industrial Zone, a zone that specialises in textile production. They have the ability to go from the design and development stages to manufacture many types of mid-range to high-end woven fabrics. One of their commitment is to protect the environment and do business in the most sustainable manner.
Previously, on July 8th in Nam Dinh province, Bao Minh Industrial Park Infrastructure Investment Joint Stock Company and Shire Oak International Co., Ltd signed a memorandum of understanding (MoU) to cooperate in developing rooftop solar projects at Bao Minh Industrial Park.
Shire Oak International is a developer and financier of large-scale renewable energy projects in developing countries and emerging economies. Our team have developed over $2bn of renewable energy projects worldwide. In Vietnam we are developing a broad portfolio of solar energy projects across the country. By working with corporates and educational establishments across the region, we are currently deploying circa US $450 million of equity funding to build out 650MW of Vietnamese rooftop solar installations.
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