B.Grimm buys 80% stake in 257MW solar project in Vietnam

August 17, 2018
Facebook
Twitter
LinkedIn
Reddit
Email
This involved an investment of US$35.2 million in shares of Phu Yen TTP Joint Stock Company. Credit: B.Grimm

Thai firm B.Grimm Power Plc, through subsidiary B.Grimm Renewable Power 2 Limited, has purchased an 80% stake in a 257MW solar project in Vietnam from Truong Thanh Viet Nam Group (TTVN).

This involved an investment of US$35.2 million in shares of Phu Yen TTP Joint Stock Company, a project company developing the solar plant in Phu Yen Province, Vietnam.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

The project has a 20-year PPA for 214.16MW with the national utility EVN. It is expected to be commercially operational by 30 June 2019.

B.Grimm Power has also recently signed a cooperation agreement with Vietnam’s Xuan Cau to develop the largest solar PV project in Southeast Asia, standing at 420MW capacity in Tay Ninh, southwest Vietnam.

Read Next

October 16, 2025
T1 Energy and Nextracker have agreed to use the latter’s steel module frames at the former’s new 5GW module manufacturing facility in Dallas.
Premium
October 14, 2025
OCI Holdings’ decision this week to buy a Vietnamese solar wafer facility to supply the US solar cell manufacturing industry makes clear the biggest vulnerability facing the sector today.
October 13, 2025
Korean chemical production firm OCI Holdings has acquired a 65% stake in a Vietnamese solar wafer production plant, intending to export solar wafers to the US.
October 2, 2025
The Indian Department of Commerce has launched an antidumping investigation on solar encapsulants originating or exported from South Korea, Vietnam and Thailand.
September 30, 2025
Global investor KKR has acquired 50% of a 1.4GW solar portfolio in North American from French oil major TotalEnergies.
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK