Thai energy and waste management firm Padaeng Industry (PDI) has acquired a portfolio of six operational solar PV farms in Thailand with a combined capacity of 30MW from Armstrong Asset Management and Dragon Capital for a total of THB1.3 billion (US$39 million).
Leading PV module encapsulation and backsheet material supplier Hangzhou First Applied Materials Co, formerly First Photovoltaics (PV) reported a continued increase in demand with sales up by 16.56% but profits crashed by 43.49% on significant ASP pressure in the first half of 2017.
The Asian Development Bank (ADB) has invested THB1,968 million (US$57.7 million) in Thai power firm B. Grimm Power Public Company (B. Grimm) to develop renewable energy projects in Southeast Asia.
Japanese electronics firm Kyocera announced Tuesday that it is expanding its solar energy business in Thailand — with the company planning on increasing sales in the country by 2.5 times during the year ending 31 March 2018 when compared with the previous year.
Sharp Corporation, through its Thailand subsidiary company Sharp Solar Solution Asia, has signed off on an agreement to develop rooftop PV projects for Big C, one of Thailand’s largest hypermarket retailers, through Impact Solar.
Recently, PV Tech sat down with David Zhao, senior vice president at Sungrow Power Supply and president of the company’s PV & storage division, to gain an insight into the company’s market expectations for 2017, notably outside China, and understand key market and technology trends within the APAC and South East Asia regions, areas that have been key to its continued growth in recent years.
In a letter to the Stock Exchange of Thailand, Thai Solar Energy announced that it has acquired the rights to construct and own a 154.9MW solar project in Onikobe, Miyagi prefecture, Japan.
PV inverter manufacturer Growatt has supplied CP2000 Station-S compact central inverters to a recently completed 20MW project in Thailand developed by Jetion Solar.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in January, 2017 have remained subdued and continue the trend set in the second-half of 2016.
