Norsk Solar to deliver rooftop solar project to Lineage Logistics storage facility in Vietnam
23. September 2022
Norsk Solar has entered into a long-term power purchase agreement with Lineage Logistics, one of the world’s leading and most innovative temperature-controlled industrial REIT and logistics solutions providers.
The project includes investment in, and construction of, three rooftop solar PV plants for Lineage Logistics’ refrigerated storage facilities in Song Than, Ho Chi Minh City and Bac Ninh, Vietnam. The plants will generate 1.8 MW of clean power, and offset more than 19,650 tonnes of CO2 emissions equivalent throughout the systems’ lifetimes.
“Norsk Solar is proud to be a solar power provider to Lineage Logistics, a world leader in refrigeration and logistics solutions. This agreement is a step forward toward becoming a preferred independent producer of renewable energy to the commercial market in Vietnam, and demonstrates that the corporate PPA is an attractive option for corporate energy buyers,” said Øyvind L. Vesterdal, CEO of Norsk Solar.
Norsk Solar now has more than 13 MW of solar PV power in its portfolio and a number of opportunities under development. The company is expanding its regional team, led by solar industry veteran Rakesh Iruppattil.
About Lineage Logistics
Lineage Logistics is one of the world’s leading temperature-controlled industrial REITs and logistics solutions providers. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 20 countries across North America, Europe and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was a 2022 U.S. Best Managed Company, No. 3 in the 2022 CNBC Disruptor 50 list, No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)