Tuesday, December 10, 2019

SPCG leads JV for solar roof-top projects 

Jul 23. 2019
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By THE NATION

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SPCG Plc has signed a memorandum of understanding (MoU) with Mitsubishi UFJ Lease & Finance Co Ltd (MUL), Kyocera Corp (Kyocera), and PEA Encom International (PEA Encom), for the establishment of a Bt30-billion joint venture company for the manufacturing and installation of solar roof systems. 

The partnership will help boost the company's capability and opportunity in the solar roof business in Thailand. The cooperation will be conducted in the form of a joint venture, in which SPCG will hold 35 per cent of total shares, MUL (35 per cent), PEA Encom (20 per cent) and Kyocera at 10 per cent. It will be set up on July 31, this year.

Wandee Khunchornyakong Juljarern, chairwoman and CEO of SPCG Plc, said the joint venture will produce solar roof systems amounting to 500 megawatts in capacity a year. It will first cater to the company's existing customers, of which about are 1,000 factory operators. About 100 customers have shown interest in installing solar roof systems that require a total capacity of about 50 megawatts and each will have a system not exceeding one megawatt in capacity. 

"One of 12 policies the government will announce to parliament this Thursday (July 25) is the promotion of alternative energy with the use of 'net-metering' system. The policy will lead to more installations of solar roof-top panels by the public sector while private firms will also generate their own power and sell the remaining power to the system. As such, the government needs not resort to solar subsidies to stimulate solar power consumption in the private and public sector," said Wandee.

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