Kudun and Partners represented B.Grimm Power Public Company Limited on a cross-border investment transaction on acquiring 100% shares in a project company that has obtained the right to develop the first-ever ground-mounted solar photovoltaics (PV) project in Cambodia with the power purchase agreement for 30 Megawatts with Electricite Du Cambodge (EDC) for a period of 20 years. B.Grimm is one of the oldest and largest infrastructure developers in Thailand. Upon completion of the acquisition, we continue to assist the client on the project development phase including preparation and finalization of the Construction and Supply Agreements.
This project is the first large ground-mounted solar photovoltaics (PV) project in Cambodia and an important project to increase the share of renewable energy generation in the country. Cambodia has been grappling with an ever-increasing demand for electricity. Despite having an abundance of solar radiation, Cambodia is lagging in the generation of power from renewable sources, and the country has a solar generation capacity of only 10 MW.
The transaction was led by partner, Kudun Sukhumananda, together with partner Chai Lertvittayachaikul and associate, Yanin Siriluck.
According to founding partner, Kudun Sukhumananda, “We are excited to be part of an ever-growing industry that undertakes to provide cleaner energy for the world. I am pleased that we have been mandated to assist in this first-ever ground-mounted solar photovoltaics (PV) project in Cambodia. Thanks to the team, Chai and Yanin for their efforts in assisting the client in achieving our client’s aspiration.”