Thai firm B. Grimm Power has extended its interest in PV in Southeast Asia by investing in a 30MW solar project to be set up in Cambodia.
The ground-mount system is slated for development in Serie Saophoan, Banteay Meanchey Province.
Company subsidiary B.Grimm Solar Power entered into a share purchase agreement to acquire all shares in Ray Power Supply Co., Ltd, with the total share value of US$300,000. The deal provides B. Grimm with the right to develop the PV project pursuant to a 20-year power purchase agreement (PPA) with national utility Electricite Du Cambodge (EDC).
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