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Phu Yen solar plant

Sector: Solar • Location: Vietnam

Source: World Bank Group

Project
Active

The project is located in Phu Yen, Hoa Hoi commune, Vietnam and entails the construction of a 257 MW solar plant. Sponsors of the project are B Grimm Power Public Company Limited and Truong Thanh Vietnam Group Joint Stock Company (TTVN) through their joint venture Phu Yen TTP Joint Stock Company (Phu Yen JSC). The financing includes a $27.9 million loan funded by ADB, a $148.8 million syndicated l

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The project “Phu Yen solar plant” is an infrastructure initiative in the Solar sector, located in Vietnam. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project is located in Phu Yen, Hoa Hoi commune, Vietnam and entails the construction of a 257 MW solar plant. Sponsors of the project are B Grimm Power Public Company Limited and Truong Thanh Vietnam Group Joint Stock Company (TTVN) through their joint venture Phu Yen TTP Joint Stock Company (Phu Yen JSC). The financing includes a $27.9 million loan funded by ADB, a $148.8 million syndicated loan funded by commercial banks and a $9.3 million loan from Leading Asia’s Private Infrastructure Fund (LEAP), which is part of ADB. The total project cost is $ 186 million. Financial close took place on October 23rd, 2020. https://www.pinsentmasons.com/out-law/news/adb-leads-$186-million-financing-for-the-largest-solar-plant-in-vietnam

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