FIRST SOLAR VS. PECC2 SIGNING CEREMONY: FORGING A STRONGER PARTNERSHIP IN RENEWABLE ENERGY

Key Points

• PECC2 and First Solar signed two MoUs on December 10, 2024.
• The partnership aims to promote renewable energy in Vietnam.
• First Solar will supply solar panels, and PECC2 will distribute them.
• PECC2 will provide green electricity to First Solar through a DPPA.
• The collaboration aligns with First Solar's goal of using 100% renewable energy by 2028.

Detailed Summary

• First Solar and PECC2, a leading Vietnamese construction and consulting firm, have signed two Memorandums of Understanding (MoUs).
• The partnership aims to promote renewable energy in Vietnam by leveraging First Solar's solar panel manufacturing expertise and PECC2's distribution network.
• PECC2 will become a strategic partner in distributing and utilizing First Solar's solar panels in future projects.
• Through the Direct Power Purchase Agreement (DPPA) mechanism, PECC2 will provide First Solar with affordable green electricity, helping the company achieve its goal of using 100% renewable energy in its global operations by 2028.
• First Solar is a member of RE100, a global initiative that encourages businesses to transition to 100% renewable energy.
• The partnership will be implemented through specific projects in the near future, contributing to Vietnam's renewable energy development and reducing the environmental impact of traditional energy sources.
• As part of the event, PECC2 toured First Solar's solar panel manufacturing facility in Ho Chi Minh City.

Conclusions

• The partnership between First Solar and PECC2 will strengthen the development of renewable energy in Vietnam.
• The DPPA agreement is a major step in PECC2's commitment to sustainable energy.
• The collaboration demonstrates the growing interest in renewable energy solutions in Vietnam.