Posing at the contract signing ceremony for the US$420-million project is B.Grimm Power President Preeyanart Soontornwata (centre), flanked by PowerChina Executive Vice President Ji Xiaoyong (left) and Xuan Cau CEO Dao Trong Khanh. credit: B. Grimm
A joint venture between Thai energy firm B.Grimm Power and Vietnamese conglomerate Xuan Cau Group has awarded Beijing-based PowerChina International Group a contract to build the largest solar PV project in Southeast Asia.
The 420MW facility, announced in June and located in Tay Ninh, southwest Vietnam, is scheduled to start operation in June next year. It will cost around US$420 million.
B.Grimm aims to boost its generating equity to 5GW by 2022.
Sunseap International, a subsidiary of Singapore-based Sunseap Group, recently started construction of its 186MW facility also in Vietnam, in Ninh Thuan province.
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.