Thailand's B.Grimm Power inks two solar deals in Vietnam

One of the plants will be Southeast Asia's largest when it starts operating in 2019.

B.Grimm Power is buying an 80% stake in a 257MW solar power plant project in Phu Yen Province from Truong Thanh Viet Nam Group for US$35.2m.

It had also agreed with Vietnam's Xuan Cau Group to operate a solar farm in Tay Ninh Province that has a capacity of 420MW, making it the largest solar power plant in Southeast Asia when it starts operating in mid-2019.

At present, B.Grimm Power has a total installed capacity of 2,091MW, of which over 1,200MW are sold to more than 300 factories in six industrial parks across Thailand and Vietnam.

"We plan to increase the portion of renewable output to 30% by 2022, from 12% currently," B.Grimm Power chairman Harald Link said.

The next country on B.Grimm's expansion plan is South Korea. It also signed with Korea Electric Power Corporation (KEPCO) a memorandum of understanding (MOU) to develop an offshore wind power farm with a capacity of 100MW.

Also Read

ADB grants $15m to boost Tajikistan’s grid upgrade

Eco Wave enters Asian market with onshore wave project in Taiwan

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit