B.Grimm Power signs PPA for 257 MW solar project in Vietnam

Thailand’s B.Grimm Power has announced that it has signed a power purchase agreement (PPA) with Electricity of Vietnam (EVN) for a 257 MW solar project in the country. The project is located in Phu Yen Province, south-central Vietnam.

The PPA is for a feed-in tariff (FiT) of US$9.35 per kWh for 20 years. The project is scheduled to commence operations before 30 June 2019.

B.Grimm Power recently acquired an 80% stake in the project from Truong Thanh Viet Nam Group Joint Stock Company (TTVN).