Constant Energy has signed power purchase Agreements (PPA) with Thailand-based automotive firm Ampas Group for 4.38MW of rooftop solar projects to be installed across seven manufacturing plants at the Bangpoo Industrial Estate.
Renewable energy power purchase agreements (PPA) driven by solar are set to take a significant chunk of the market in Southeast Asia over the next few years, according to panellists at the Solar and Off-Grid Renewables Southeast Asia (SORSEA) conference in Bangkok.
For the most part, it will take some years for solar-plus-storage in the ASEAN region to become economically viable on a large scale, but panellists at the opening day of Solar and Off-Grid Renewables Southeast Asia event in Bangkok, have warned that investors who come on board quickest are going to gain a huge advantage.
Utility-scale solar projects and hundreds of other power projects in the Philippines are being held up by pending approvals at the Energy Regulatory Commission (ERC), a problem compounded by last week’s dismissal of ERC chairman Jose Vicente Salazar for grave misconduct related to allegations of corruption.
Renewables and storage investment platform Constant Energy has acquired 17.5MW of operating ground-mount solar PV assets, a team of developers and operators, and a pipeline of development in Thailand from Sonnedix.