Project

Danielle Isaac

, Thailand

Published:

5 years ago

Thailand's B.Grimm Power buys 30MW solar farm in Cambodia

Commercial operation of the project is within October 2020.

Thailand’s B.Grimm Power, through its subsidiary B.Grimm Solar Power 1, acquired a 30MW ground-mounted solar farm in Serie Saophoan, Banteay Meanchey Province, Cambodia, a bourse filing revealed.

The solar farm is subject to a power purchase agreement (PPA) with Electricite Du Cambodge (EDC) with a term of 20 years. The scheduled commercial operation date is within October 2020.

To acquire the solar farm, B.Grimm Solar Power entered into a share purchase agreement with Pramote Laocharoenwong in order to acquire all shares of the project company, Ray Power Supply Co., Ltd. with a total share value of $300,000.

The share transfer is still in the approval process of Ministry of Mines and Energy and Cambodian authorities.

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