BIM Group today inaugurated Southeast Asia's largest solar power complex in Ninh Thuan province.
The group started the construction on the complex in January 2018 and signed a power purchase agreement with Electricity of Vietnam at the end of last year.
The complex boasts three plants with capacity of 30MWp, 250MWp and and 50MWp and will be connected to national electric network this month.
Built at the cost of $300 million, the complex has installed more than one million solar panels and is expected to generate 600 million kWh annually to serve 200,000 households and help reducing 304,400 tonnes of CO2 each year.
Doan Quoc Huy, deputy chairman of BIM Group and general director of BIM Energy said: "BIM Group aims to become the leading pioneer investor in renewable energy in Vietnam. The total capacity of clean energy supplied by BIM Energy will reach 1000MWp, including solar and wind power in 2022".
"We want to contribute to protect the environment, fight climate change, support national energy security and build sustainable energy sources for the country's future," Huy added.
BIM Energy and AC Energy of Ayala, which is one of the largest companies in the Philippines, jointly established BIM/AC Renewable joint venture to develop renewable energy projects in Ninh Thuan province.
AC Energy is one of the fastest growing energy companies with over $2 billion of investment in renewable and thermal energy in the Philippines and around the region by 2025.