From left, Mr. Nguyen Thanh Phat, SP Group’s Managing Director for Vietnam, Mr. Brandon Chia, SP Group’s Managing Director, Sustainable Energy Solutions, Southeast Asia and Australia, Mr. Lim Hua Tiong, CEO of Frasers Property Vietnam, and Mr. Paolo Bevilacqua, Frasers Property’s Group Head of Sustainability, at the MoU signing ceremony. Source: Frasers Property Vietnam

Energy solutions provider the SP Group and property developer Frasers Property Vietnam (FPV) have signed an MoU on jointly developing and implementing integrated smart energy solutions at FPV’s Binh Duong Industrial Park (BDIP), a 106-ha project in Binh Duong province, part of the key southern economic region.

The partnership will help the IP accelerate the adoption of green energy solutions and enable energy savings and carbon emissions reductions for all tenants.

“Our cooperation with Frasers Property Vietnam underscores our goal of empowering the sustainability ambitions of industrial parks and contributing to Vietnam’s net-zero targets,” Mr. Brandon Chia, Managing Director, Sustainability Energy Solutions, Southeast Asia and Australia, at the SP Group said at the signing ceremony,

Through a bespoke and integrated system of smart and sustainable energy solutions, IPs can seamlessly harness renewable energy sources and transition to energy-efficient operations that will enhance cost savings and carbon emission reductions and promote productivity, he added.

“As a multinational real estate developer, we take a long-term view for all our projects,” said Mr. Lim Hua Tiong, CEO of FPV. “We want to create buildings that are durable, adaptable, and resilient to the changing environment and needs of our customers. That is why we have applied our expertise in designing and master-planning to our first industrial showcase in Vietnam, Binh Duong Industrial Park. By partnering with SP, we are adopting industry-leading energy management practices to further improve the energy efficiency and sustainability credentials of our properties.”

“It is heartening to see the overall efforts we are making in adopting renewable energy sources for powering our properties, which is critical if we are to decarbonize to achieve our vision of sustainable real estate,” said Frasers Property Group’s Head of Sustainability, Mr. Paolo Bevilacqua. “This partnership between like-minded organizations demonstrates how our net-zero carbon goal can bring tangible benefits to tenants and customers with lower operational costs and a reduced carbon footprint.”

In the initial phase, SP will design, invest in, install, operate, and maintain integrated smart energy solutions for BDIP’s Industrial Service Center (ISC). This includes the installation of solar photovoltaics for renewable energy, digital building solutions, electric vehicle charging stations, and smart energy optimization and management systems.

Subsequently, SP and FPV will cooperate on a feasibility study to implement a green micro-grid for BDIP that will accelerate the clean energy transition for the IP, facilitate access to renewable energy, and provide greater power reliability and resilience for tenants.

The 837 sq m. ISC will cater to the business and social requirements of all BDIP tenants and feature shared facilities, including meeting rooms, outdoor sports and recreational facilities, F&B options, and open green spaces. To regulate its indoor environment, balancing energy efficiency with users’ thermal comfort and well-being, SP will deploy its suite of smart building energy management solutions, called Green Energy Tech.