FRIDAY, March 29, 2024
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B Grimm venture named best solar power project

B Grimm venture named best solar power project

AB Grimm Power Plc's venture ‒ Phu Yen TTP Joint Stock Co ‒ has been named the best solar power developer by International Finance magazine.

The award by the leading international business journal recognises the company’s initiation of operation with expertise and advancement,  which plays an important role in economic and social development.
B Grimm is the only private company from Thailand that has been awarded for its solar photovoltaic power facility that is located in Vietnam this year, according to the report.
The scheme, undertaken by Phu Yen TTP, is situated in Phu Yen province on the southcentral coast of Vietnam, with a capacity of 257 megawatts (MW).
Commercial operations of the solar farm started on June 10 with the commencement of supply to the grid of Electricity of Vietnam (EVN), the buyer, under a 20-year sale accord that fixed the feed-in-tariff rate at 9.35 US cents (Bt10.60) per kilowatt hour.
B Grimm said it would not rest on its laurels but actively pursue a target to boost aggregate production capacity to 5,000MW by 2022.
B Grimm’s current portfolio of projects already in commercial operation and those under construction and development stand at 3,245MW.

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