The name of TNPower Energy Joint Stock Company was officially changed to ROX Energy Investment Joint Stock Company on October 12, 2024. ROX Energy is the subsequent member of the ROX Group to undergo a transformation in accordance with the Group's brand strategy.
Previously, in January 2024, ROX Group officially changed its brand name from the old name TNG Holdings Vietnam. Since then, many companies in the Group's ecosystem have also changed their names, such as ROX Living (formerly TNG Realty), ROX Cons Vietnam (formerly TNCons Vietnam), ROX Capital (formerly TNG Capital), ROX Asset (formerly TNG Asset), ROX Key (formerly TNS Holdings), ROX iPark (formerly TNI Holdings Vietnam).
From October 12, 2024, TNPower officially changed its name to ROX Energy.
ROX Energy, a private firm engaged in the investment, development, and operation of power plants, benefits from the robust basis and exceptional products of the ROX Group. Furthermore, the company is developing resources and long-term strategies to establish itself as a premier private enterprise in Vietnam's energy sector.
ROX Energy presently possesses and manages three solar power facilities with a cumulative capacity of 522 MW, contributing to a reduction of 453,000 tons of CO2 emissions annually. These projects are currently undergoing investment in phase 2. In the future, the corporation will augment its investments in wind power and LNG power. By 2030, the company's managed plants are projected to have a total power generation capacity of 5,000 MW.
ROX Energy solar power plant.
ROX Energy has consistently garnered accolades in the Power Utility of the Year category from Asian Power Magazine owing to its innovative projects and activities in renewable energy.
This significant shift in the brand development strategy is anticipated to enhance ROX Energy's growth in the near future.
The extensive brand change and investment in renewable energy via ROX Energy are crucial strategic initiatives for the ROX Group in its pursuit of new heights and leadership in sustainable development. Utilizing technological advancements, ROX Group is pursuing digital and green transformations throughout all seven business sectors, including Urban & Industrial Park Development, Hotels & Resorts, Energy, Services and Operation Management, Construction, Technology, and Financial Investment. These initiatives reaffirm the dedication to conducting business aimed at enhancing community well-being while addressing societal issues for a more convenient daily existence.