Thai firm B.Grimm Power has signed a power purchase agreement (PPA) with Vietnamese utility EVN for a 257MW solar project, according to a Stock Exchange of Thailand (SET) filing.
The Hoa Hoi project in Phu Yen Province, southeast Vietnam, will receive a feed-in tariff (FiT) at US$9.35 cents per kWh for a period of 20 years.
The scheduled commissioning date of the project is expected to be before 30 June 2019.
In August, B.Grimm, through subsidiary B.Grimm Renewable Power 2 Limited, purchased an 80% stake in the 257MW solar project from Truong Thanh Viet Nam Group (TTVN).
Solar & Storage Finance Asia returning to Singapore for its 5th edition, will be the meeting point for developers, financiers and investors across the region. Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam. The programme has been designed to enable you to win business and understand new opportunities in the market. Key topics include floating solar, project finance for PPAs, modernization of the grid and strategies for structuring and designing hybrid deals.