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TTC organizes solar rooftop conference

Released at: 09:16, 10/12/2018

TTC organizes solar rooftop conference

Photo: TTC Group

Green and efficient solar rooftop solutions introduced to industrial and commercial businesses.

by Hong Nhung

An overview of Vietnam’s renewable energy sector along with analysis of the national electricity grid and current clean energy trends were on the agenda at the “Solar Rooftop - Green, Clean, Saving Solutions for Industrial and Commercial Sectors” conference organized by the TTC Energy JSC, a member of the TTC Group, and the Hepza Businesses Association (HBA) on December 7 in Ho Chi Minh City.

The conference is part of strategies to implement decisions from the government and fulfill the mission of supporting HBA’s members in terms of market forecasts, management experience, operations, technology transfer, legal matters, and other fields, contributing to boosting the operation of industrial parks and export processing zones (IPs and EPZs) and hi-tech parks with sustainable development, efficiency, and stability.

The conference presented a bright vision of the country’s renewable energy sector as well as expansion strategies in terms of development and operational scale under international standards by TTC’s energy sector in general and rooftop solar power in particular. This is a key area being implemented by TTC Energy to promote investment in enterprises and organizations that have high electricity output.

Solar power has become an alternative to fossil fuel energy in many areas of the world over recent years. In a report released in October 2017, the International Energy Agency (IEA) reported that renewable energy, especially solar power, will grow explosively throughout the world in the next five years, with China, India and the US taking the lead.

Electricity production in Vietnam mostly uses traditional resources such as coal, hydropower and gas. However, with the economy growing rapidly and facing pressure from high energy demand, Vietnam must adopt specific policies towards creating a balanced energy structure through renewable energy development.

Solar power is gaining momentum in Vietnam as the price of technological equipment falls and potential grows to a level seen in China, Thailand, and the Philippines as well as traditional markets such as Italy and Spain.

Recognizing that this is an important and necessary issue and with the goal of becoming one of the leading companies in the rooftop solar power sector, TTC Energy has been working intensively, establishing relations with financial institutions in the country and internationally and becoming a strategic partner of leading world brands in solar power equipment, such as Sharp from Japan, which specializes in providing solar panels with high capacity and high durability, and ABB from Switzerland, which leads in automation technology, robots and power grids and provides solar inverters that meet international standards.

In addition, Solar World, Recom, and other partners will work with TTC to diversify product sources and work towards sustainable development and national energy security.

After nearly two years of establishment and development, TTC Energy has put into operation many large-scale projects with a total capacity of up to 12 MWp, cutting over 20,000 tons of CO2 emissions.

TTC Energy aims to achieve a total installed capacity of up to 30 MWp by 2020 with a network of projects spanning 25 cities and provinces in Vietnam and in neighboring countries such as Cambodia, Laos, and Myanmar, realizing its goal of pouring $100 million into solar rooftop power.

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