Vietnamese firm BIM Group and AC Energy, part of Filipino conglomerate Ayala Group, have signed EPC and financing documents under which a 30MW solar farm in Ninh Thuan province, Vietnam, will be expanded to 280MW in capacity.
The BIM Solar Power Plant is expected to commence operation in June 2019.
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Early this year, the first BIM Energy project broke ground with a total land area of more than 35 hectares. The joint venture plans to further expand the capacity to well over 300MW at a later date.
Bouygues Energies & Services and juwi will be the EPC contractors for the projects.
BIM Group is the majority shareholder with controlling interest, having secured a US$200 million loan from an international bank.