BGRIMs solar energy projects proceed without a hitch

Energy Press Releases Wednesday December 26, 2018 17:08
Bangkok--26 Dec--B.Grimm Power
B.Grimm Power Plc (BGRIM)'s solar power development projects have made headway according to plans to consolidate its capacity build-up.

Three out of the seven ground-mounted solar farms sponsored by BGRIM for government agencies and agricultural cooperatives in Thailand, with a total installed capacity of 10.8 megawatts, were brought on line commercially and synchroised with the Provincial Electricity Authority (PEA)'s grid during December 3 and 25.

The remaining four solar farms, with a combined capacity of 20 MWs, were successfully synchronised with the Metropolitan Electricity Authority (MEA)'s system and due for commercial delivery on December 28.

With the latest addition from those seven solar farms, the SET-listed firm closed 2018 with combined capacity equity to 2,076 MWs, up by 26% from the previous year, and strengthening BGRIM's position as one of Thailand's leading private power producers, BGRIM President Preeyanart Soontornwata pointed out.

Meanwhile, BGRIM's on-going solar energy projects in Vietnam, with a total installed capacity of 677 MWs, have progressed satisfactorily in construction.
The Dau Tieng 1 and Dau Tieng 2 Solar Plants in Tay Ninh, south-west of Vietnam, and whose combined capacity of 420 MWs will make them the largest facility of its kind in Southeast Asia, has advanced by 42%.
The 257-MW solar photovoltaic power project in Phu Yen province, south central coast of Vietnam, has completed by 36% with commercial start-up in mid-2019 has been confirmed.

In view of the start-up of various new power generation projects in 2019 including the solar farms in Vietnam, the Nam Che hydropower scheme in Laos and the waste-to-energy scheme, BGRIM's capacity portfolio will become more notable with 2,737 MW, a 34% jump from 2018.

That will also enable BGRIM to achieve the targeted revenue of 42 billion baht in 2019. Mrs Preeyanart noted.

With the various power sale agreements in hand which will push BGRIM's installed capacity to surpass the 3,000-MW mark in 2021, the Company is exploring new investment opportunities in South Korea, Taiwan, Vietnam, Malaysia and the Philippines.The quest constitutes BGRIM's aim to grow its total installed capacity to 5,000 MW in 2022.

BGRIM currently operates an aggregate of 36 power stations comprising 15 co-generation plants, 18 solar farms, two hydropower plants, and one diesel generator in Thailand and abroad, altogether capable of producing over 2,056 MWs.

More than 1,070 MWs in incremental capacity are slated for development during 2019 and 2022.

Latest Press Release

BGRIMs Vietnam solar projects come on line adding 31% to operating capacity

B.Grimm Power Plc (BGRIM), one of Thailand's largest private power producers, successfully commenced commercial production from its two large solar power schemes in Vietnam with a combined total installed capacity of 677 megawatt during June 3-13,...

GCL SI#s Cast-Mono Modules to Contribute to Japan#s Green Energy Future

GCL System Integration Technology Co. Ltd (GCL SI), a world-leading one-stop intelligent and integrated energy system provider, has supplied its latest Cast-Mono solar modules to two green energy projects initiated by SB Energy, a Japanese wholly-owned...

JinkoSolar Supplies 258MW of Mono Solar Modules for one of the Largest Solar-Wind Hybrid Projects in Vietnam

JinkoSolar Holding Co., Ltd. (the "Company," or "JinkoSolar") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced it has supplied Trung Nam Group with 258MW of monocrystalline PERC double glass...

Mozambique Area 1 co-venturers announce Final Investment Decision

PTT Exploration and Production Public Company Limited (PTTEP) disclosed that PTTEP and other co-venturers of Mozambique Area 1 Project, have announced a Final Investment Decision (FID) on the Mozambique Area 1 Project. Phongsthorn Thavisin, President and...

LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materials

This collaboration marks the first time bio-based polypropylene and bio-based low-density polyethylene were produced simultaneously at commercial scale LyondellBasell (NYSE: LYB), one of the largest plastics, chemicals and refining companies in the...

Related Topics