The ESCO (Energy Service Company) solution is an investment approach for solar energy in businesses, involving a mutually beneficial partnership of three parties, where SolarSGX acts as the EPC contractor responsible for conducting surveys, designing, providing equipment, installing, operating, and maintaining the entire solar power system.
As one of the highly effective investment solutions economically, it has been widely adopted by numerous businesses.
With ESCO, businesses are relieved of concerns about capital investment. The installation of solar power, valued at tens of billions of dong, is entirely cost-free. This provides peace of mind and allows businesses to reap tangible benefits from green energy sources.
3 ADVANTAGES OF ESCO SOLUTION FOR BUSINESSES
Free Installation of Solar Panels
ESCO is a solar investment model tailored for businesses with high electricity consumption for manufacturing and commercial purposes. If owning a part of a warehouse or idle factory space measuring over 5,000m², there’s a need for solar panel installation to save on annual electricity costs.
By utilizing the available idle roof space, the enterprise can install a solar power system without having to invest capital. The entire installation cost will be covered by a financial partner. SolarSGX will act as the EPC contractor for the project, undertaking the survey, design, equipment supply, installation, operation, and maintenance of the entire solar power system. Monthly, the enterprise only needs to pay for the electricity from the system to the financial partner at a lower rate than the EVN’s price. At the end of the contract, the business has the option to renew the lease or take over the system at a nominal price of 1 USD.
It’s possible to save billions of Vietnamese đồng on electricity costs every year.
By adopting SolarSGX’s ESCO model along with financial partners, businesses can benefit from electricity usage at rates up to 30% lower than those charged by EVN, saving billions of Vietnamese đồng annually.
For businesses that possess idle rooftop spaces ranging from 5,000m² or more, they can participate in the ESCO model and install around 1MWp. In the case of installing systems from 5MWp (equivalent to rooftop areas of approximately 30,000m² or more), enterprises can save over 2 billion Vietnamese đồng per year for production electricity usage. For commercial electricity usage, savings could exceed 5 billion Vietnamese đồng per year. The larger the project scale, the greater the savings.
The approval process is quick and straightforward.
The collaboration procedure for implementation is also quite simple, not taking much time for project evaluation and assessment.
Step 1: Customer Survey Step 2: Initial cooperation proposal and assessment Step 3: Technical evaluation regarding structure Step 4: Formal proposal and signing of collaboration contract Step 5: Signing the EPC contract and project implementation
XEM THÊM: HỆ THỐNG ĐIỆN MẶT TRỜI HOÀ LƯỚI
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