Vietnam’s first grid-based DPPA signed by Samsung Electronics, marking milestone for power market

Samsung Electronics signed a DPPA in Vietnam, sourcing renewable power via the national grid and marking a market milestone. (Photo: Samsung Electronics)

Samsung Electronics’ Vietnam Thai Nguyen Co. (SEVT) announced on June 1 that it has become the first company in Vietnam to complete negotiations and sign a direct power purchase agreement (DPPA) via the national grid—setting a new milestone for the country’s power market liberalization.

As Samsung continues to expand investment in semiconductor facilities in Vietnam, demand for renewable electricity is also expected to rise further.

How significant are the emissions reductions from Samsung’s DPPA?

According to a company statement, SEVT will procure 70 GWh of solar power annually—equivalent to the average yearly electricity consumption of around 17,000 Vietnamese households—and is expected to cut carbon emissions by approximately 46,000 tonnes per year.

Unlock the full article to explore three key takeaways:

1. SEVT signs Vietnam's first grid-based DPPA, procuring 70GWh of solar power annually.
2. The 70GWh equals to 17,000 Vietnamese households' yearly use and cuts 46,000 tonnes of CO2.
3. Samsung Electronics plans to expand investment in Vietnam, allocating USD 1.5 billion for semiconductor testing plants.