By THE NATION
With a capacity of 4.2 megawatts, installation is expected to be completed and to generate revenue in February 2021.
Niphon Bundechanan, chief executive officer of WHAUP, revealed that the company has been successfully providing integrated solar rooftop installation services to customers both in and outside industrial estates, due mainly to its experience and expertise in the utilities and energy business, as well as its solid business structure.
Recently, WHAUP signed a solar system installation agreement with Continental Tyres (Thailand), whose production facilities are located at WHA Eastern Seaboard Industrial Estate 4 in Rayong province.
The agreement covers the installation of solar systems at two factory buildings with a combined space of 27,400 square metres. The first factory will have a capacity of 482 kilowatts and the second, 2,275KW.
Additionally, the company will also install solar roof systems on its carpark, covering a total of 8,400 square metres with a generation capacity of 958KW, and a floating solar farm on a 7,000-square-metre pond, with a generation capacity of 475KW.
The solar energy installations in these four areas will generate a total of 4,190KW or about 4.2MW. The contract will be valid for 15 years and is due to be completed and ready to generate revenue by February 2021, the CEO said.
The completion of the Continental Tyres project would increase WHAUP's electricity-generating capacity based on the shareholding to 596MW.
WHAUP expects this project to generate revenue of Bt16.3 million on average per year, or a total of Bt223 million for its 15-year service contract, the CEO said.
Vignesh Devasenapathy, plant manager, Continental Tyres (Thailand) Co Ltd, said the company decided to install the solar power systems to lower its production costs by up to Bt360 million during the entire 25-year lifespan of the system and to offset CO2 emissions. This will help reduce global warming and greenhouse effects, considered by the company as an important responsibility.