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23/10/2023 Press release

TotalEnergies signs an agricultural ground-mounted solar project with Hiep Phat International Agricultural Co. Ltd in Vietnam

signing ceremony between TotalEnergies and Hiep Phat

Tây Ninh, Vietnam, October 23, 2023 – Hiep Phat International Agricultural Co. Ltd (Hiep Phat), a leading starch manufacturer in Vietnam, has signed a long-term agreement with TotalEnergies to provide a 2.1 megawatt-peak (MWp) solar photovoltaic (PV) system for both its plant and office’s facility in Tay Ninh, Vietnam. The first ground-mounted solar installation and agri-PV in Vietnam by TotalEnergies, this system will power about 20% of its facility with renewable energy.

With over 3,600 panels installed, the PV system will generate approximately 3,250 megawatt-hours (MWh) of renewable electricity annually, realising significant cost savings for Hiep Phat and reducing the company’s carbon footprint by about 2,200 tons of CO2 emissions annually, equivalent to taking approximately 440 cars off the road or planting over 33,000 trees. Hiep Phat also plans to grow plants below the panels, including herbs for food to grow organic chickens and  develop its agricultural businesses.

Under the agreement, TotalEnergies will fully fund, install and operate the PV system while Hiep Phat will pay for the electricity generated for 20 years, avoiding any upfront costs.

Nguyen Thanh An, Deputy Director of Hiep Phat International Agricultural Co. Ltd said, “I have been studying solar power application since a long-time and I would like to use renewable energy in our plant to reduce carbon footprint and impact on environment. The cooperation with TotalEnergies is an opportunity for us to implement this plan.”

Elodie Renaud, Director of TotalEnergies Renewables Distributed Generation Asia said, “We are pleased to be the chosen energy partner by Hiep Phat, to support their operations with renewable energy. This project is strategic for TotalEnergies as the first agri-PV project in APAC region, setting an example for the segment and highly scalable. As a leading solar service provider for commercial and industrial businesses, TotalEnergies is committed to helping customers to drive down both their energy costs and carbon footprint, and constantly adapting to new market segments. We are dedicated to being a long-term energy partner for Hiep Phat and look forward to more collaboration in the future.”


TotalEnergies and renewables electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a portfolio of activities in electricity and renewables. At the end of Q2 2023, TotalEnergies’ gross renewable electricity generation installed capacity was 19 GW. TotalEnergies will continue to expand this business to reach 35 GW of gross production capacity from renewable sources and storage by 2025, and then 100 GW by 2030 with the objective of being among the world’s top 5 producers of electricity from wind and solar energy.

About TotalEnergies
TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

TotalEnergies Contacts
Media Relations: [email protected]

About Hiep Phat International Agricultural Co. Ltd
Hiep Phat Company is one of the leading enterprises in the production, processing and export of high quality starch in Tay Ninh and the southern provinces. The factory has contributed to helping the locality lead the country in starch production and processing today. Currently, Hiep Phat Company has an average working capacity of 150 tons of dry starch/day, equivalent to 40,000 tons of products/year.

Hiep Phat International Agricultural Co. Ltd Contacts
Media Relations: [email protected]

Cautionary Note TotalEnergies
The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is provided in the most recent Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).