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Banpu NEXT and SolarBK Form JV to Install 390 MW of Rooftop Solar Systems in Vietnam

March 15, 2025. By News Bureau

Banpu NEXT and SolarBK have established a joint venture to provide solar systems for commercial and industrial businesses in Vietnam, marking another important step in expanding the renewable energy portfolio of both companies and driving the country's Net Zero target.

The joint venture between Banpu NEXT and SolarBK was established based on the vision of both companies to expand the scope and forms of providing clean energy solutions for businesses and communities.

In the initial phase, the company aims to install at least 390 megawatts of rooftop solar systems and offer a full range of clean energy solutions to businesses that want to transition to cleaner and smarter energy, especially manufacturing and export businesses, industrial estates, and high-tech businesses such as data centers.

This is in line with Vietnam’s renewable energy target, which is expected to generate 124.57 billion kWh of electricity by 2025 , with an average annual growth rate of 3.35 percent. The rapid expansion in this sector is driven by the government’s supportive policies and commitment to sustainable development, making Vietnam an important market and the reason for this collaboration.

James Rama Patamintrvipas, Assistant Chief Executive Officer – Strategic Investments and Business Partnerships, Banpu NEXT, said, “The expansion of the collaboration between Banpu NEXT and SolarBK, a leading clean energy company in Vietnam with expertise in integrated solar system services, is a key strategy to drive Banpu NEXT’s renewable energy business by accelerating the growth of our rooftop solar portfolio in Vietnam. We see the potential of the renewable energy market for Vietnam’s commercial and industrial ( C&I) segment and believe that this joint venture will help strengthen our business and ecosystem, while supporting the country in achieving its Net Zero target .”

Nguyen Tuan, CEO of SolarBK Group, said, “We are pleased to continue our collaboration with Banpu NEXT to deliver clean energy to various industries. This long-term partnership reflects our shared vision and understanding of the industry, as well as our commitment to provide responsible and sustainable solar solutions in Vietnam. We prioritize the development and investment of projects while laying the foundation for competition in the renewable energy market. With our vision to become a clean energy and utility provider, this partnership is an important step in SolarBK’s development strategy for 2025-2030, enabling us to offer clean energy solutions to businesses and communities more comprehensively.”

Banpu NEXT sees potential and opportunities in Vietnam’s renewable energy market and will drive the transition to sustainability through the establishment of a joint venture with SolarBK, which has nearly 20 years of expertise in providing integrated solar system services to leading businesses, covering design, installation, maintenance, consulting on Renewable Energy Certificate ( REC ) and remote energy management solutions.

This joint venture is in line with Banpu NEXT’s strategy to enhance its expertise in Net Zero Solutions in the Asia Pacific region by accelerating growth in the clean energy business through investment and collaboration with overseas business partners.

Tags:

Rooftop solar systems

Joint venture

clean energy solutions

Sustainable development

Renewable Energy Certificates