Banpu, Amata Form Vietnam Rooftop Solar Venture

• Banpu and Amata launch Vietnam rooftop-solar JV, powering factories via on-site PPAs—advancing corporate clean energy and expanding regional renewables despite undisclosed terms and timelines.

Thai energy company Banpu Public Company Limited (BKK:BANPU) and industrial estate developer Amata Corporation (BKK:AMATA) formed a joint venture to develop rooftop solar photovoltaic projects in Vietnam. The partnership targets on-site solar generation for factories and commercial facilities, tapping rising industrial power demand and corporate clean-energy goals.

The JV will focus on deploying and operating PV systems across Amata’s Vietnam industrial estates and other sites, offering power purchase agreements to tenants. The move expands Banpu’s regional renewable portfolio and supports Amata’s value-added services. Financial terms, ownership split, capacity targets, and timeline were not disclosed. Regulatory approvals and project pipeline details were not provided.

What capacity, ownership split, timeline, and regulatory approvals define Banpu-Amata Vietnam rooftop JV?

• Capacity: Undisclosed; portfolio to be built incrementally across Amata’s Vietnam industrial parks as tenants sign onsite PPA deals; typical factory rooftops in Vietnam host 1–10 MWp per site.
  
• Ownership split: Undisclosed; JV expected to be jointly controlled by Banpu and Amata through Vietnam-incorporated entities.
  
• Timeline: Undisclosed; deployments likely phased, with standard 6–12 months from PPA signing to COD for each rooftop system.
  
• Regulatory approvals:
  
• Investment Registration Certificate (IRC) and Enterprise Registration Certificate (ERC) for the JV company from the provincial authority/industrial park management board.
  
• Electricity Activity License from MOIT/Department of Industry and Trade where required (generally for sale-of-power projects and larger systems).
  
• Grid interconnection/coordination with the local EVN power corporation; metering approvals.
  
• Construction permit (if applicable), rooftop structural safety certification, and fire prevention and fighting approvals.
  
• Environmental compliance (EIA/exemption as applicable).
  
• Compliance with PDP8/MOIT rooftop solar guidance; behind-the-meter sales to tenants within the same premises typically proceed without DPPA or FiT.