28.10.2021

No need to invest capital to install solar power, businesses save up to 35% of electricity bills

Implementing the ESCO solar investment model can help businesses address the challenge of cost savings in production without the need for upfront capital investment. However, choosing the right ESCO solution provider is crucial, as the right choice can expedite project deployment, maximize efficiency, and offer significant discounts, reducing electricity costs by up to 35%.

Businesses can save over 90.000 USD in electricity costs annually

Currently, with DAT Solar’s ESCO model and financial partners, businesses can use electricity at prices up to 25% lower than EVN’s for production and up to 35% lower for general business use. When installing a system of 5MWp or more (equivalent to a warehouse rooftop area of around 30,000m²), businesses can save over 90.000 USD in electricity costs annually for production and potentially over 220.000 USD for general business use. The larger the project scale, the greater the savings.

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Specifically, by signing an ESCO contract for about 20 years, businesses will pay the actual electricity consumption to DAT Solar’s financial partner at a rate 10-35% lower than EVN’s prices (depending on project conditions and scale).

Suppose a business has an idle warehouse rooftop area of 30,000m² or more, installing a 5MWp solar power system. The estimated annual electricity cost savings for the business could be as follows:

Tiết kiệm chi phí điện hằng năm = công suất hệ thống x số giờ nắng đỉnh x 365 ngày x giá điện trung bình x mức sử dụng điện x mức chiết khấu

  • For production electricity:

Assuming an average electricity price during normal and peak hours of 2.000 VND/kWh.

Based on the business commitment to using 85% of the generated electricity, with a potential discount of up to 18%.

Total annual electricity cost savings = 5.000 x 4 x 365 x 2.000 x 85% x 18% = 2.23 billion VND ~ 90.000 USD

Similarly, the calculation for businesses using electricity for general business purposes:

  • For general business electricity:

Assuming an average electricity price during normal and peak hours of 3.145 VND/kWh.

Based on the business commitment to using 85% of the generated electricity, with a discount of 28%.

Total annual electricity cost savings = 5.000 x 4 x 365 x 3.145 x 85% x 28% = 5.46 billion VND ~ 220.000 USD

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The chart illustrates the cost savings compared to EVN’s electricity prices

ESCO model criteria: Simple and rapid approval

Any business with a warehouse or factory rooftop area of 5,000m² or more and substantial electricity consumption can participate in the ESCO model to install solar panels for free. The collaboration process between the three parties is straightforward, and project approval and assessment do not take much time.

Step 1: Customer survey

Step 2: Initial cooperation proposal and evaluation

Step 3: Technical evaluation of the structure

Step 4: Formal proposal and contract signing

Step 5: Signing the EPC contract and project implementation

Thanks to ESCO, business customers can easily access energy-saving solutions conveniently and efficiently. This model enriches energy-saving solutions, contributing to businesses enhancing their competitive advantage, embracing an environmentally friendly image, and promoting sustainable development.

Absolute Peace of Mind with DAT Solar as the EPC Contractor

For ESCO to be highly effective, in addition to the solid financial capacity of investment funds, a professional EPC contractor is essential for project deployment. DAT Solar, as the EPC contractor synonymous with quality and efficiency, affirms its outstanding capabilities in project implementation, from consulting, surveying, designing, supplying equipment, construction to dedicated support services.

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DAT Solar is also a strategic partner of reputable financial funds both domestically and internationally, including GreenYellow Vietnam, SEM Corp, CME, Shire Oak International, OCB Bank, ensuring customers feel more secure when deciding to implement the ESCO model, maximizing profits for large projects.

The capital problem has been solved, DAT Solar, as the EPC contractor, is ready, and businesses should quickly join the ESCO investment model today to reap practical benefits from solar power. For more details, please contact the hotline 1800 6567 (free of charge) for advice and 24/7 support.