Conergy has won the contract to build two solar farms totalling 21MW in Thailand, taking its capacity in the country over the 100MW mark.
The company has signed a third straight agreement with Siam Solar Energy1 (SSE1), a subsidiary of the Thai Solar Energy Company.
Since autumn 2012 it has agreed 70MW of contracts with SSE1 and now Conergy is eyeing further expansion in Asia and beyond.
“We are expanding our wholesale business projects well,” said Conergy CEO Philip Comberg. “Solar power plants are an increasingly attractive investment vehicle for funds, financial investors and strategic industrial customers.
“Along with these investor groups and Kawa as an asset management company and a strategic investor, we want our volumes in the growth markets of the future to further increase, especially in Asia and North America,” added Comberg, referring to US-based Kawa Asset Management, which has bought a number of Conergy subsidiaries since the parent company filed for insolvency in July.
The two new 10.5 MW solar farms are located about 130 kilometres from Bangkok in the provinces of Suphanburi and Kanchanaburi in western Thailand.
“We are committed to 100% quality and efficiency. We are very excited about the new collaboration. Conergy proves its quality every time we work together,” said Cathleen Maleenont , CEO of SSE1.
“With this project, we expand our solar power to a total of 85MW. Within a year, this represents a seventeen-fold increase,” she added.
Conergy will act as the primary contractor responsible for the planning and design as well as the supply of components and installation. It will work with local partner Ensys.