Alena Energy Partners with EVNGENCO3 to Implement DPPA, Delivering Optimal Renewable Energy Solutions for Businesses

Ho Chi Minh City, November 12, 2024 – Alena Energy officially announced a strategic partnership with the Power Generation Corporation 3 (EVNGENCO3) to introduce the Direct Power Purchase Agreement (DPPA), creating opportunities for Vietnamese businesses to access superior renewable energy sources. This solution is designed to meet the increasing demand for clean energy usage and sustainable development amid global climate change challenges.

1. Comprehensive Renewable Energy Solutions with DPPA

The collaboration between Alena Energy and EVNGENCO3 marks a significant step towards promoting a competitive electricity market in Vietnam, offering numerous advantages to businesses:

• Clean Energy at Competitive Prices: DPPA enables businesses to access renewable energy from EVNGENCO3’s solar and wind power projects, ensuring a stable energy supply at reasonable costs.
• Demonstrate Green Commitment with I-REC Certification: The I-REC certification makes it easier for businesses to showcase their renewable energy use, meet stringent export standards, and contribute positively to their sustainable development goals.
• Reduced Reliance on Fossil Fuels: Transitioning to renewable energy helps businesses mitigate the risks associated with the volatile prices of traditional fuels.

Through the DPPA agreement, Alena Energy provides comprehensive consulting services, covering everything from needs assessment, power plant selection, and contract negotiation, to operational management. Alena Energy also connects businesses with solar and wind power projects managed by EVNGENCO3 and other reputable power plants. Additionally, businesses receive support for purchasing renewable energy certificates (I-REC), demonstrating their commitment to clean energy use and sustainable growth.

2. Customer Needs Assessment – Optimized Solutions

Based on surveys of business demand for the DPPA mechanism, Alena Energy has identified key factors influencing participation decisions, such as:

• Electricity prices and supply reliability.
• Clean energy certification (I-REC) to meet export targets or sustainability commitments.
• Complexity of procedures and negotiation processes: Alena Energy assists businesses from needs assessment, and power plant selection, to operational management and expert consulting on the DPPA process.

Survey here

3. Commitment to Businesses and the Environment

Mr. Phan Ngoc Anh, Director of Alena Energy, stated, “We believe that DPPA is an optimal solution to help businesses reduce energy costs, enhance competitiveness, and contribute to environmental protection. Alena Energy is committed to accompanying businesses on their journey to renewable energy transformation and building a green future.”

4. The Strength of Two Companies

• About Alena Energy:

Alena Energy is a leading provider of renewable energy consulting and solutions in Vietnam. With a team of seasoned experts, Alena Energy offers DPPA consulting services, I-REC certification, and intelligent energy management solutions, helping businesses optimize energy usage and achieve sustainable development goals.

• About EVNGENCO3:

EVNGENCO3 is one of Vietnam’s largest power generation corporations under the Vietnam Electricity (EVN) group. EVNGENCO3 plays a vital role in ensuring national energy security and pioneering sustainable energy development through investments in wind and solar power projects.

Conclusion:

The partnership between Alena Energy and EVNGENCO3 in implementing DPPA enables businesses to effectively access renewable energy, reduce costs, and enhance competitiveness. With comprehensive support from consultation to operation, Alena Energy offers sustainable green energy solutions, contributing to environmental protection and business growth.

Contact us today to learn more!