The Hoa Binh Construction Group (HBC) and Scotland’s Shire Oak International (SOI) have struck a strategic deal to develop rooftop solar power.

Accordingly, both sides will build rooftop solar power systems on industrial buildings or invest in existing ones. HBC will be an engineering, procurement and construction (EPC) contractor in their joint projects.

They will also pour capital in inshore and offshore wind power farms as well as wind power distribution systems.

Founded in Scotland in 2002, SOI has been present in Viet Nam since 2009 with rooftop solar power projects.

On July 5, 2019, the Vietnamese Ministry of Industry and Trade issued Decision No 2023/QD-BCT approving the rooftop solar power development programme for the 2019-2025 period, targeting the installation of 100,000 rooftop solar power systems, or 1,000 MWp by late 2025. — VNS