2025: A Year in Which SolarBK Consolidated Its Foundations for a Breakthrough Phase

As the Year of the Snake comes to a close, SolarBK can look back on 2025 as a complete and meaningful year, one marked by growth, significant milestones, and the strengthening of strategic foundations for the next phase of development.

Beyond the deployment of multiple projects of scale and quality, 2025 was also a year in which SolarBK more clearly defined its role within Vietnam’s energy ecosystem, as a trusted partner in developing sustainable energy infrastructure for both foreign-invested and domestic enterprises.

In a context where the FIT mechanism has receded, the competitive power market is gradually taking shape, and ESG, CBAM and Net Zero requirements are becoming mandatory standards, renewable energy is no longer a pioneering option. Instead, it has become a foundational capability for enterprises seeking to enhance competitiveness and integrate into global value chains. In this sense, 2025 was a year in which SolarBK both accelerated its growth and reinforced its depth.

When growth is anchored in strategic foundations

One of SolarBK’s most notable achievements in 2025 was its proactive approach to building alliances and developing new business models, rather than merely expanding through conventional project execution. The launch of the ESCO NEXT joint venture with Banpu NEXT opened new development space for clean energy in Vietnam, where ESCO and PPA models enable businesses to access renewable power without upfront capital expenditure, while better managing long-term energy cost risks. The joint venture targets the delivery of at least 390 MW of rooftop solar capacity for the commercial and industrial sector, contributing to electricity cost savings and emissions reductions for hundreds of manufacturing facilities nationwide. Also in 2025, SolarBK, Banpu NEXT and Amata Vietnam announced a cooperation agreement to develop 227 MWp of rooftop solar projects at Amata City Ha Long and Amata City Long Thanh, with implementation scheduled from early 2026. Beyond its scale, the agreement lays the groundwork for a tripartite cooperation model involving industrial park developers, energy companies and investors, helping to elevate the standard of green industrial infrastructure in Vietnam at a time when global investors increasingly demand Net Zero commitments and ESG transparency.

Alongside major alliances and large-scale projects, SolarBK expanded its role in policy dialogue, business connectivity and the dissemination of green transition solutions through industry forums, business associations and in-depth seminars. These efforts demonstrate that SolarBK is not merely responding to market changes, but actively working with the market to shape long-term development pathways.

For manufacturers and industrial parks, such cooperation models deliver tangible value: clean energy is no longer an experimental upfront investment, but an integral part of long-term operational strategy and risk management, enabling enterprises to control energy costs, meet increasingly stringent ESG requirements, and strengthen their competitiveness within global supply chains.

Project highlights: Clean energy embedded in core operations

In 2025, SolarBK brought approximately 61 MWp of rooftop solar capacity into operation across Vietnam. Notably, the majority of this capacity came from ESCO and PPA projects serving industrial enterprises and industrial parks with high requirements for schedule discipline, operational stability and ESG compliance. At VinFast, the approximately 30.72 MWp rooftop solar system implemented by SolarBK at the VinFast Hai Phong manufacturing complex continued to underscore the strategic role of renewable energy in large-scale industrial operations. As one of the largest rooftop solar systems in Vietnam, the project significantly reduces clean energy costs for continuous production lines while enhancing power stability for key manufacturing facilities.

Meanwhile, at LEGO Manufacturing Vietnam, SolarBK served as the design and development partner for the rooftop solar system at a facility recognized as LEGO’s first carbon-neutral manufacturing site globally. With a total investment exceeding USD 1.3 billion and an area of nearly 45 hectares, the factory utilizes around 12,400 rooftop solar panels integrated with a BESS system, contributing to the goal of operating entirely on renewable energy by 2026.

The completion of this system at a project assessed against global ESG standards demonstrates SolarBK’s ability to meet the most stringent requirements for environmental performance, efficiency and data governance.

In parallel with large-scale FDI projects, SolarBK continued to accompany enterprises across sectors such as textiles, wood processing, construction materials, commerce and services, transforming renewable energy into a tangible competitive advantage linked to operations and data, rather than merely installed capacity. Projects with high operational efficiency, such as the 2.7 MWp system at Phu An Yarn Factory (Hue) implemented in 2025, provide vivid examples of how SolarBK helps businesses reduce costs, cut emissions and optimize operations in real time.

In addition, 2025 saw a series of projects completed and prepared for commissioning toward year-end, a period when the market demands heightened discipline in progress management, coordination and compliance. Among them, the HDTC project in Ho Chi Minh City officially achieved COD on December 31, 2025 under an EPC model, serving the urban commercial and service sector with strict requirements for construction scheduling in a continuously operating environment. Completing the project on time highlights SolarBK’s capabilities in project execution and management under complex conditions. Furthermore, SolarBK implemented and prepared for commissioning multiple ESCO-model projects at manufacturing facilities and industrial parks, including PNS Chun (Quang Ngai), MDF Wood Quang Tri, Mikado Hue, and Tessellation in Binh Duong and Ho Chi Minh City. Spanning from central Vietnam to the Southeast, these projects reflect SolarBK’s flexible adaptability to diverse geographies, load profiles and financial models. Projects completed toward the end of the year not only closed a deployment cycle, but also laid the operational foundation for the next growth phase.

Technology and people: The values that create differentiation

Another important highlight of 2025 was SolarBK’s continued investment in domestic technology development and human capacity. The technology ecosystem, including IREX photovoltaic modules and the ERIS energy management platform, has been developed not as standalone products, but as a digital infrastructure for energy governance. This enables enterprises to monitor performance, optimize operations, and meet ESG transparency requirements in reporting and operations. ERIS currently collects data from thousands of distributed systems, supporting partners in measurement, optimization and verification of environmental performance in line with international standards.

The principle that “technology must translate into real-world operations” has been consistently reflected in professional knowledge-sharing activities, innovation forums and ESG training programs. 2025 also marked a stronger presence of SolarBK at industry forums such as the Vietnam Sustainable Construction Forum 2025, where the company emphasized that clean energy should not merely supply power to buildings, but be developed as an operational infrastructure for Net Zero cities, measurable, scalable and sustainable over the long term. Beyond business activities, SolarBK continued to extend the value of clean energy into the community. The “Contributing Every Ray of Sunshine – Lighting the Future” program, implemented in partnership with VinFast, successfully completed 10 highland school sites as planned.

At each location, a solar power system with a capacity of approximately 6.48 kWp, combined with 10.6 kWh of battery storage, was installed to ensure stable electricity for lighting, teaching, daily activities and basic learning equipment. On average, each system generates around 7,000 kWh of electricity per year, enabling hundreds of students and teachers to access safe and reliable learning conditions, replacing previously unstable power sources. These outcomes demonstrate that when renewable energy is deployed in alignment with real needs, it delivers not only environmental value but also direct contributions to education and sustainable social development.

A pivotal year toward the 20-year milestone

Viewed comprehensively, 2025 was a successful year for SolarBK across multiple dimensions: project growth, alliance expansion, technological mastery and an increasingly clear role in the green transition.

More importantly, these results reflect a deeper shift in Vietnam’s energy market, from a phase driven by incentive mechanisms to one in which clean energy is evaluated based on operational efficiency, measurable data and its ability to integrate into the production and business activities of the economy.

The year 2026 will not only mark SolarBK’s 20th anniversary, but also open a new growth phase in which the foundations built in 2025 will deliver tangible value, enabling the company to expand its scale, depth and influence. Two decades represent a journey of perseverance and accumulation. And 2026 will be the point at which SolarBK enters a new chapter, where clean energy is not merely deployed, but governed as a strategic infrastructure of Vietnam’s economy.