Large-scale solar ambitions in Thailand have been largely constricted to a complex co-operative scheme. Wikicommons: B.Grimm Group
Thai energy firm B.Grimm Power has signed power purchase agreements (PPAs) for seven separate solar PV projects in Thailand with a combined capacity of 30.83MW, according to notification on the Stock Exchange of Thailand (SET).
These projects include five plants (23.58MW) co-developed with the War Veterans Organization of Thailand (WVO) and two projects (7.25MW) co-developed with agricultural co-operatives. The two co-op projects are based in China Daen and Ban Na Doem.
The deadline for B.Grimm to enter the PPAs was 2 March and it managed to sign the PPAs with Metropolitan Electricity Authority and Provincial Electricity Authority at the end of February.
Last month, the Asian Development Bank (ADB) said it would provide a loan of US$235 million to B. Grimm Power to develop renewable energy projects in Southeast Asia.
Solar & Storage Finance Asia returning to Singapore for its 5th edition, will be the meeting point for developers, financiers and investors across the region. Explore in depth the opportunities of the different countries via case studies, business and financial models that will foster growth in the region with particular focus on Thailand, Philippines, Indonesia, Taiwan, Korea, Cambodia, Singapore, Malaysia & Vietnam. The programme has been designed to enable you to win business and understand new opportunities in the market. Key topics include floating solar, project finance for PPAs, modernization of the grid and strategies for structuring and designing hybrid deals.