Osaka Gas Singapore, a subsidiary of Osaka Gas, has moved into Southeast Asian renewable energy by agreeing to establish a joint venture solar firm in Thailand with local PV company Energy Pro Corporation.
In March 2018, Osaka Gas launched a new group brand 'Daigas Group', with a focus on innovation in energy and service.
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The new JV, named OE Solar, comes as part of Daigas Group's intention to accelerate the growth of its energy business overseas, with Southeast Asia eyed up as a key region. The parent group is targeting around 1GW of renewable energy by 2030.
OE Solar's main customers will be in the commercial and industrial (C&I) segment, particularly in Bangkok. In a release, Osaka Gas noted favourable irradiation levels in Thailand as well as a demand from consumers for solar without having to pay upfront costs.
Energy Pro has already installed one of Thailand's largest C&I projects standing at 3.2MW.
