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November 26, 2021

Hoa Hoi Solar PV Park, Vietnam

By Carmen

Hoa Hoi Solar PV Park is a 257MW solar PV power project. It is located in Phu Yen, Vietnam. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in June 2019.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 257 257 Active Phu Yen, Vietnam B.Grimm Power; Truong Thanh Viet Nam Group

Description

The project is developed and owned by B.Grimm Power and Truong Thanh Viet Nam Group. The company’s ownership stake in the project stands as 80% and 20% respectively.

Hoa Hoi Solar PV Park is a ground-mounted solar project which is spread over an area of 260 hectares.

The electricitiy generated from the plant has offsetted 123,000t of carbon dioxide emissions (CO2) a year. The project cost is $420m.

Development Status

The project got commissioned in June 2019.

Power Purchase Agreement

The power generated from the project is sold to Vietnam Electricity under a power purchase agreement. The power is sold at the rate of $0.093kWh for a period of 20 years, starting from 2019. The contracted capacity is 214.16MW.

Contractors Involved

Shanxi Electric Power Engineering was selected to render EPC services for the solar PV power project.

JA Solar Holdings was selected as the supplier of the PV modules for the project. The company installed 752,640 modules at the site.

Sineng Electric supplied 86 inverters to the project site.

About B.Grimm Power

B.Grimm Power PCL (B.Grimm Power), is an electricity generating and distribution company. The company involved in development, financing, construction and operation of power plants. Its product portfolio includes solar, hydro, wind power, and Diesel. B.Grimm Power now commercially operates power plants with a total installed capacity of 3,058 MW, with 1,938 MW in equity holding. It has started investing in renewable energy projects with a plan to expand the production capacity of solar and wind energy power plant projects. The company provide services to government sectors and industrial users. It operates power plants in Cambodia, South Korea, Thailand, Laos and Vietnam. B.Grimm Power is headquartered in Bangkok, Thailand.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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