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Southeast Asia’s largest solar project completed by Filipino, Vietnamese firms

Southeast Asia’s largest solar project completed by Filipino, Vietnamese firms

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The Philippines-based AC Energy and Vietnam-based BIM Group have completed and finally connected the grid 330 megawatt of photovoltaic capacity spread across three projects in Ninh Thuan, Vietnam, with one 250 megawatt plant being the largest solar installation in Southeast Asia to date.

Both the companies commenced working on the projects in January last year. The companies took around nine months to complete with a power purchase agreement being signed with monopoly utility EVN at the end of 2018. Grid connection for the BIM 1 (30 megawatt), BIM 2 (250 megawatt) and BIM 3 (50 megawatt) solar power plants took place earlier this month, as reported by PVTech.

BIM Energy and AC Energy had established a joint venture to develop renewable energy projects in Ninh Thuan Province in Vietnam. This province has high levels of irradiation but has also been subject to fears about grid and transmission capacity given the high concentration of solar plants being developed there. That’s the reason, Ministry of Industry and Trade recently updated its next feed-in tariff rules incentivising developers to set up projects in less sunny parts of the country and spreading the load.

“BIM Group oriented to become the leading pioneer investor in renewable energy in Vietnam to 2022, the total clean energy capacity supplied by BIM Energy will reach a total scale of 1,000 megawatt of solar and wind power. With the inauguration of a cluster of three plants with the largest capacity in a short period of time is a testament to BIM Group’s long-term commitment to clean energy. We look forward to contributing and joining to protect the environment, fight climate change, support national energy security, build sustainable energy sources for the country’s future,” the vice chairman of BIM Group, Doan Quoc Huy opined, PVTech noted.

Source: devdiscourse
Anand Gupta Editor - EQ Int'l Media Network

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