Lego not only poured more than 1 billion USD into a toy factory but also invested in a solar power farm to serve production.
Lego Group is implementing a 50 MW solar power farm project to serve the production activities of the Toy Factory worth more than 1 billion USD, starting in November 11.
Recently, Lego Group (Denmark) decided to cooperate with Vietnam - Singapore Industrial Park Joint Venture Company Limited (VSIP) to build a new toy factory in Vietnam. LEGO's new 44-hectare factory in Binh Duong is expected to start construction in November 11 and will begin operating in 2022.
The toy factory in Binh Duong has a total investment of up to 1,3 billion USD, making it Lego's 6th factory in the world and the 2nd in Asia. The factory was built with the expectation that it will help Lego expand its global supply chain network, thereby flexibly and quickly responding to changes in consumer demand in each region.
Lego's 1 billion USD project also has great significance in creating an important turning point in the new generation investment trend, the trend of green economy, and green growth. This is consistent with Binh Duong's economic development orientation.
Along with that, the factory that Lego Group builds in Binh Duong will be Lego's most sustainable factory in the world in terms of design and construction with modern equipment. This factory will use entirely renewable solar energy.
Therefore, representatives of Lego Group (Denmark) had a working session with representatives of agencies of the Ministry of Industry and Trade on developing renewable energy sources to serve the production of the customized children's toy factory. at VSIP III Industrial Park, Binh Duong province.
At the same time, representatives of the Lego Group also gave a preliminary report on the 50 MW solar power farm project, expected to be deployed right next to the factory to serve production activities.
The Department of Electricity and Renewable Energy, Ministry of Industry and Trade welcomes the fact that the factory in Vietnam will be Lego's first carbon neutral factory demonstrated through a solar energy system that produces enough renewable energy to Meets 100% of the factory's annual requirements.
In fact, Binh Duong has a favorable geographical location and its solar energy potential is assessed very well. In Binh Duong, the average number of sunshine hours per year in the province ranges from 2.200 - 2.800 hours, with the average annual solar radiation amount of about 4,5 kWh/m2/day.
Therefore, Binh Duong is considered to have very good potential for developing solar energy in the southern region and the country in general. Therefore, Lego Group's construction of a solar power plant in Binh Duong will take advantage of this advantage.
To attract investors to solar energy, the Department of Industry and Trade of Binh Duong province has proposed to the Government to continue to have price mechanisms, thereby attracting and encouraging businesses to participate in projects. Solar power in the province.
In addition, to encourage businesses to participate in solar power development, Binh Duong and provincial authorities have launched many policies, organized seminars, propaganda sessions on solar power, and provided guidance on how to develop solar power. continue to connect to the power grid, and have a mechanism to buy and sell electricity generated from the solar power system.
According to CafeF