Sunseap has signed 20-year Power Purchase Agreements (PPAs) with Vietnam Electricity to supply clean energy to the country’s national grid.
Sunseap will generate the solar energy from seven newly commissioned solar plants in Vietnam.
Sunseap’s plants comprise close to 60,000 photo-voltaic (PV) panels and 370 DC/AC inverters, and are expected to yield around 40,424,479 kilowatt-hours of clean energy per year.
Frank Phuan, Co-Founder and CEO of Sunseap, said: “We hope this demonstrates to our partners and potential partners Sunseap’s strong end-to-end project development and management competencies and our ability to complete a project within a tight deadline.”
Jeff Lim, Vice-President of Business Development and International activities at the company, added: “We are grateful that the tremendous support of the Vietnamese government has also contributed to the smooth and successful execution of the project.”