BIM Group, AC Energy sign for 280MW solar project in Vietnam

By Olivia Minnock
Vietnamese investment and development company BIM Group has partnered with AC Energy, the power arm of the Ayala Group, for the dev...

Vietnamese investment and development company BIM Group has partnered with AC Energy, the power arm of the Ayala Group, for the development of a solar plant in Vietnam.

The organisations have now signed EPC (engineering, procurement and construction) contracts and financing documents for the development of the BIM Solar Power Plant in Ninh Thuan province, according to an announcement by BIM. The project is set to commence operation in June 2019.

At present, the project has a peak output of 30MW, and the new contracts are set to increase this to 280MW.

See also:

Juwi wins South African solar contracts worth 250MW

Apple and suppliers to invest $300mn in 1GW of solar projects across supply chain

Read the latest issue of Energy Digital magazine

This will make the BIM plant the largest solar farm in Southeast Asia, and it is expected to generate 545mn kWh of clean energy per year.

EPC contractors for the project have been named as Bouygues Énergies & Services, a French multinational industrial group; and Juwi, a German renewable power company.  

BIM Group will be the majority shareholder of the project. BIM currently has operations across several sectors from tourism and real estate to agriculture and renewable energy. It currently employs over 7,000 people.

AC Energy is the energy platform of Ayala, which is one of the largest companies in the Philippines. AC Energy currently has over $1bn invested and committed to renewable and thermal energy.

Share

Featured Articles

Alfa Laval to supply world’s largest green hydrogen plant

The facility is being built in NEOM, the US$500bn futuristic city being developed in Saudi Arabia

COP27 agrees to climate compensation fund

The deal is said to be a historic first in acknowledging the vast inequities of the climate crisis

North America's natural gas can help mitigate energy crisis

In the effort towards decarbonisation, North America could be a key player in providing affordable natural gas, addressing energy security issues

COP27: Egypt and Norway to build 100MW green hydrogen plant

Renewable Energy

Renewable energy company Masdar opens office in Saudi Arabia

Renewable Energy

Ørsted closes US$140m transaction with ECP for US portfolio

Renewable Energy