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.
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.