Novaland and Vinacapital cooperate to apply renewable energy at NovaWorld projects

On December 7, 12, at Novaland Gallery (2021Bis Nguyen Thi Minh Khai, District 2, Ho Chi Minh City) Novaland and VinaCapital signed a memorandum of cooperation on the development and application of renewable energy at NovaWorld branded projects.
Cooperation signing ceremony between Novaland and Vinacapital on renewable energy applications at NovaWorld projects
This is also the first step in Novaland's plan to increase the use of green energy in urban areas, while optimizing the benefits of customers and residents.
According to the memorandum of understanding, Novaland and VinaCapital will research and coordinate to create conditions for residents in Novaland's urban areas to use green electric energy stably for a long time. In recent years, clean energy is being promoted to be included in the long-term strategy of the private business sector in Vietnam. With this new plan, Novaland will be one of the pioneering real estate corporations committed to widely using the energy source recommended by many world experts.
The cooperation between Novaland and VinaCapital also demonstrates unanimous support for the COP 26 program - the United Nations Framework Convention on Climate Change with practical and highly effective measures, as well as contributing to the realization of climate change. Current Net-Zero emissions target (net emissions of "zero") by 0 of the Government of Vietnam.
VinaCapital is one of the leading investors in the clean energy sector in Vietnam and is aiming to develop 2GW (2.000MW) of renewable electricity in the next 5 years. Last October 10, SkyX Solar - a member unit of VinaCapital, received a strategic investment from EDF Renewables, a global leader in the field of renewable energy.
SkyX is operating more than 30MW of rooftop solar power across Vietnam and is committed to investing at least 100 million USD to develop an additional 200MWp of solar power, meeting the growing demand for low-carbon power with utilities. world standard solutions for commercial and industrial customers in Vietnam for years to come.
Specific plans and programs will be implemented by the two units in accordance with the goals of each stage, through the signing of separate agreements and contracts in the near future. First, we will apply and develop renewable energy at NovaWorld-branded Urban Tourism projects.
Representatives of Novaland and VinaCapital visited the model of NovaWorld Phan Thiet Project at Novaland Gallery 2bis Nguyen Thi Minh Khai, District 1.
Mr. Bui Xuan Huy, General Director of Novaland Group, said: "In the process of operating businesses and projects, we always aim for sustainable development standards of the United Nations. We believe that cooperating with VinaCapital in the renewable energy sector will be a long-term step, bringing efficiency and added value to both parties and the community in general."
Since 2019, Novaland has introduced to the market two NovaWorld Brand projects, NovaWorld Phan Thiet in Binh Thuan and NovaWorld Ho Tram in Ba Ria - Vung Tau, both with a scale of 1.000 hectares. Along with a series of world-class tourism, resort, health care, and entertainment amenities, NovaWorld projects are also the pioneers in introducing to the market a line of second home products with multiple uses and fertility. Sustainable benefits, prioritizing the application of green technology solutions, safe for the environment, ensuring quality of life for residents.

Mr. Don Lam, General Director of VinaCapital, shared that technology is the key to solving the most important bottleneck in the energy industry. “Today's cooperation is one of the demonstrations of private businesses' commitment to accompanying the Government in achieving the goal of reducing carbon emissions. Moreover, providing renewable energy is also a way to create conditions for residents of projects to contribute to the implementation of sustainable development goals," said Mr. Don Lam.
According to Tuoi Tre Online