The SK Group, a South Korean conglomerate, is intensifying its partnership with the Vietnamese government to advance eco-friendly ventures encompassing carbon capture, waste recycling, and the development of solar and wind farms.
Renowned for its pioneering role in Vietnam's rapidly growing renewable energy sector, the SK Group has established a presence in solar and onshore wind power, aligning with its commitment to achieve net-zero emissions by 2050.
SK Group's Chairman, Chey Tae-won, has voiced the company's dedication to supporting Vietnam's transition to clean energy and its pursuit of carbon neutrality through the deployment of advanced technologies such as carbon capture, utilization, and storage (CCUS), small nuclear reactors, and innovative energy solutions.
The overarching objective is to establish an eco-friendly ecosystem that encompasses the entire production-to-consumption process, with the active collaboration of local governments. Vietnam's favorable climate conditions make it an ideal location for solar and wind power generation. The nation has ambitious plans to elevate the share of solar and wind power in its total energy supply to 61% by 2045, a substantial increase from the 27% recorded in 2021.
Leading SK Group's clean energy initiatives in Vietnam is SK E&S, a subsidiary with expertise in LNG power generation. SK E&S has been actively involved in the operation of solar farms, continually expanding their capacity.
Moreover, SK E&C has entered into a strategic joint venture with Gia Lai Electricity, a subsidiary of TTC, a prominent renewable energy group in Vietnam. This partnership is currently engaged in a solar energy project featuring rooftop panels. Simultaneously, the venture is making significant strides in constructing a 756-megawatt onshore wind power plant located near the border with Laos.