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The group invested VND7 trillion to develop the solar power complex including BIM 1 (30 Mwp), BIM 2 (250 Mwp) and BIM 3 (50 Mwp) in the south-central province of Ninh Thuan.
The group noted it had started constructing the solar power complex in January 2018 and had signed a power purchase contract with EVN at the end of 2018.
With more than one million solar panels installed, the cluster of three solar-power plants is expected to produce some 600 million kilowatt hours of power per year, serving the energy demand of some 200,000 households and reducing CO2 emissions by nearly 304,400 tons per year.
Doan Quoc Huy, vice chairman of BIM Group, noted that the group hopes to become a pioneer investor in renewable energy in Vietnam, expecting to provide some 1,000 Mwp of solar and wind power by 2022.
“We look forward to contributing and teaming up to protect the environment, fight climate change, support national energy security and build sustainable energy sources for the country’s future,” Huy said.
BIM Energy cooperated with AC Energy of Ayala Group, one of the largest corporations in the Philippines, to establish a BIM/AC Renewable joint venture to develop renewable energy projects in Ninh Thuan.
AC Energy is one of the fastest-growing energy companies, providing more than US$2 billion to be invested in renewable and thermal energy in the Philippines and in the region by 2025.
Huy noted that BIM will continue to take advantage of its existing strengths, expand its market and cooperate with major international partners and contractors such as Bouygues of France and JUWI of Germany as well as reputable domestic contractors such as PPC1, TOJI, Song Da 4 and Lilama 18.