Clean Energy Vision Development 330MWp Solar Powerplant Portfolio – Phu My 1 (120MWp)

 

LEADER ENERGY through its wholly owned subsidiary, Leader Energy (Vietnam) Pte. Ltd., entered into a convertible bond subscription agreement on 5th December 2020 for USD43.6million (VND 1,018billion) with local Vietnamese power developers, Clean Energy Vision Joint Stock Company JSC and Bamboo Capital Group Energy JSC.

The convertible bond agreement for joint equity investment of the 330MWp Phu My 1 – 3 solar power developments, is LEADER ENERGY’s first foray into the rapidly growing solar power segment in Vietnam. These ground-mounted solar projects are located in Binh Dinh Province, South-Central Vietnam and had successfully commissioned a total of 216MWp during end December 2020. The construction of balance of 114MWp has completed and is pending COD.

Plant Capacity	120MWp
Ownership Structure	Convertible Bond Subscription
Type of Power Plant	Solar Photo-voltaic
Main Equipment	Solar Panels: Jinko, Trina & Seraphim, Inverter: SinEng
Location	Phu My District, Binh Dinh Province, South-Central Vietnam
Total Contracted Capacity	120MWp
COD	39MWp was commissioned as of 31st December 2020 and remaining 81MWp has been constructed and is pending its COD.
Terms of PPA	20 years
Shareholding	49% by LEVPL / Leader Energy