This agreement focuses on delivering renewable energy power system solutions tailored for the project. The collaboration leverages the unique strengths of both organisations to foster the development of the scheme towards a greener and more sustainable future.

Nguyen Duc Minh, deputy general director of XCE Energy, highlighted the investment in renewable energy power systems, including rooftop solar and wind power augmented by battery energy storage systems.

"This initiative underscores the commitment to nurturing the LHF park's eco-friendly growth and enables tenant companies to tap into clean energy sources," Minh said.

"This aligns with Vietnam's carbon reduction goals and meets global standards set by international bodies. As part of the overarching LHF project, XCE Energy will assume the roles of investor and operator for the renewable energy power system."

This involvement will be formalised through a service contract with Xuan Cau Lach Huyen Investment JSC, the primary investor in the LHF project.

Nuyen Tho Que, director of Investment and Business Development and representative of Goldwind in Vietnam, highlighted the company's position as a top wind turbine supplier and its innovative Goldwind carbon-neutral solutions.

"These solutions aim to optimise and reconstruct the energy connections among power generation, grid systems, load management, and storage by harnessing clean energy and digital technologies," Que said.

This approach fosters the development of an intelligent, more reliable, and sustainable Internet of Energy.

Goldwind's carbon-neutral solutions have already seen successful implementation in projects across China, including the Jiangsu CRRC Dafeng offshore wind industrial park and Goldwind Zero-Carbon Smart Park.

In line with the agreement, Goldwind will utilise its expertise from similar successful projects in China to research, develop solutions, and supply wind turbines and energy storage systems for the LHF project.

Post 2025, manufacturers aiming to be part of the global supply chain will be required to commit to and execute comprehensive carbon reduction strategies at their facilities.

The adoption of smart and sustainable practices in industrial parks, such as automation technologies, intelligent production processes, and renewable energy utilisation, will enhance safety, reliability, and operational efficiency for businesses.

Furthermore, embracing green initiatives aids industrial parks in adhering to environmental regulations and achieving international standards.