VSSES PARTNERS WITH BW TO DEVELOP LARGE-SCALE ROOFTOP SOLAR PROJECT IN BAU BANG

Ho Chi Minh, March 24, 2026 – Vietnam Singapore Smart Energy Solutions (VSSES) has officially signed a Memorandum of Understanding (MoU) with BW Industrial Development (BW) to develop a large-scale rooftop solar power system at BW Bau Bang Industrial Park. This milestone marks a significant step forward in promoting renewable energy adoption and advancing sustainable industrial development in Vietnam.

On the morning of March 24, 2026, VSSES officially signed an MOU with BW to deploy a rooftop solar power system at BW Bau Bang Industrial Park, under the witness of representatives from Becamex Group, Warburg Pincus, and Vietnam–Singapore Industrial Parks (VSIP).

Representatives of both companies at the signing ceremony. Mr. Pham Van Thuy – CEO of VSSES (right) and Mr. Lance Li – CEO of BW (left).

Speaking at the ceremony, Mr. Pham Van Thuy – CEO of VSSES, stated: “In the context of growing demand for reliable power and clean energy, particularly from high-tech industries and data centers, this partnership represents an important step toward strengthening sustainable energy infrastructure. Through this project, VSSES will deploy and operate rooftop solar solutions, working alongside BW to develop green energy sources, reduce carbon emissions, and contribute to our commitment to sustainability, environmental protection, and the Net Zero goal, as well as the Eco-Industrial Park (EIP 2.0) model.”

A Large-Scale Rooftop Solar Project

Under the agreement, VSSES will partner with BW to implement a large-scale rooftop solar system at BW Bau Bang Industrial Park. The project will have an initial capacity of 30 MWp, with potential expansion to over 100 MWp in the future. The system will be installed across approximately 240,000 m² of rooftop area, with an estimated annual generation of up to 40.5 million kWh, contributing clean and stable energy for industrial operations.

With its scale and output, the project is considered one of the largest rooftop solar installations in Vietnam’s industrial and logistics real estate sector. It reflects a strong commitment from both parties to promote renewable energy adoption while elevating sustainability standards in industrial park development.

VSSES – A Trusted Energy Solutions Partner for Businesses

This project marks a significant step in integrating renewable energy into large-scale industrial infrastructure, contributing to a development model that combines manufacturing with green energy utilization. It also lays an important foundation for expanding sustainable energy initiatives in the future, in line with Vietnam’s energy transition trends.

VSSES sincerely appreciates the trust placed by BW and is committed to continuing to partner with strategic stakeholders to advance efficient, flexible, and sustainable energy solutions. Through this collaboration, VSSES aims to help create environmentally responsible industrial operations, deliver long-term value to the business community, and contribute to the realization of a greener future.

About BW

BW Industrial Development Joint Stock Company (“BW”) is Vietnam’s leading for-rent industrial and logistics real estate platform with over 10 million square meters of industrial land in prime locations under control across 60 projects in 10 key provinces in Vietnam. BW has been focused on developing modern for-rent factories and warehouses to capture the outsized growth opportunities driven by manufacturing, increasing domestic consumption, and the rapid rise of e-commerce.

BW was founded by Warburg Pincus, a leading global private equity firm and one of the largest and most active investors in Asia real estate, and Becamex Group, the largest state-owned industrial and infrastructure developer in Vietnam. In 2023, ESR Group, a leading Asia-Pacific real asset owner and manager, became a strategic investor in BW.