Golden Victory Vietnam Co, Ltd, a leading manufacturer in the footwear industry, has partnered with TotalEnergies ENEOS to install a state-of-the-art solar photovoltaic (PV) system. This collaboration marks another important step in Golden Victory’s commitment to sustainability and reducing its carbon footprint.
Renewable electricity production: Golden Victory teams up with TotalEnergies ENEOS
With as many as 7,900 modules, the PV system is expected to produce approximately 5,200 megawatt hours (MWh) of renewable electricity each year. This substantial production will allow Golden Victory to realize significant savings while reducing the company’s annual CO2 emissions by approximately 4,200 tons, the equivalent of planting more than 62,000 trees.
Under the agreement, TotalEnergies ENEOS, a 50/50 joint venture between TotalEnergies and ENEOS, will fully finance, install and operate the solar system. In turn, Golden Victory will only pay for the electricity generated over a 20-year period, eliminating any upfront costs.
Catherine Liu, Director of Golden Victory Vietnam Co, Ltd, expressed her confidence in TotalEnergies as a professional and reliable partner. She emphasized that TotalEnergies was their preferred choice for solar power generation projects because of their previous successful collaboration. Liu praised the smooth operation and stability of the latest solar installation, which has greatly contributed to the reduction of carbon emissions.
Elodie Renaud, Director of TotalEnergies ENEOS Renewables Distributed Generation Asia, is delighted to be chosen once again as Golden Victory’s solar partner. Renaud stressed the importance of powering commercial operations with high-quality solar solutions to support sustainability goals. TotalEnergies ENEOS, as a leading provider of solar services, is committed to helping companies achieve their environmental and cost savings goals. They prioritize customer peace of mind from a technical, financial and business perspective.
Strategic collaboration: Golden Victory chooses TotalEnergies for its commitment to renewable energy
TotalEnergies is firmly committed to electricity and renewable energies as part of its ambitious plan to achieve net zero emissions by 2050. By the end of 2022, the company had installed 17 GW of gross renewable electricity generation capacity. Their goal is to increase this capacity to 35 GW by 2025, and then to an impressive 100 GW by 2030, which would position them among the top five global producers of wind and solar power.
ENEOS Corporation, known for operating more than 20 solar power plants in Japan, is also involved in renewable energy projects in the United States, Australia and Vietnam. This collaboration with TotalEnergies, their first international initiative in the field of renewable energy using distributed energy sources, marks an important step for ENEOS.
Golden Victory Vietnam Co. is a subsidiary of Stella International Holdings Ltd, a renowned developer and manufacturer of quality footwear and leather goods. The Golden Victory factory, located in Nam Dinh province in northern Vietnam, specializes in the production of Nike sports shoes. With approximately 10,000 employees and an annual production of about 9.5 million pairs of shoes, Golden Victory’s commitment to sustainable energy solutions will have a significant impact.
The collaboration between Golden Victory Vietnam Co. and TotalEnergies ENEOS marks a significant step forward in sustainability and carbon reduction. Through this initiative, Golden Victory is realizing significant cost savings while reducing its carbon footprint. This high-capacity solar installation generates an abundant amount of renewable electricity, thus strengthening the fight against climate change.