B. Grimm Group, Thailand’s oldest industrial group, has won a race against time to begin operating two of Southeast Asia’s largest solar farms, both located in Vietnam.
The two plants came online last month and will raise the share of solar in B. Grimm’s energy portfolio to nearly 30%. That takes the company a step closer to its goal of more than doubling its power generating capacity to 5,000 MW by 2021 — though new worries are emerging about its home market.
The 420-megawatt Dau Tieng plant in Vietnam’s Tay Ninh Province and the Phu Yen solar plant, which has a 257 MW capacity, cover 504 hectares and 300 hectares — making the first far the largest solar plant in Southeast Asia by area, closely followed by the second.
Investment in the two projects totals around $677 million, according to the company.