Solar giant SPCG expects to generate Bt5bn revenue this year
Solar-power company SPCG projects its revenue from sales and services will hit Bt5 billion this year and Bt5.5 billion next year.
SPCG finance director Pipat Viriyataranon expects profits to rise thanks to the company’s cost management policy, adding that it has repaid bonds on time without the need for additional borrowing.
"In the first nine months, SPCG's net profit was Bt2.09 billion, up 9 per cent year on year, with revenue from sales and services at Bt3.81 billion, up 1 per cent," he said.
He said SPCG will continue expanding its solar rooftop business via its subsidiary Solar Power Roof (SPR), which will focus on residences and an MSEK joint venture with Mitsubishi UFJ Lease & Finance Co (MUL) for Japanese factories in Thailand.
Pipat said SPCG had a budget of Bt10 billion to invest in new solar projects both at home and abroad, especially Japanese solar farms.
The company has already pumped B1.3 billion into the 480-megawatt Ukujima Mega Solar Project in Japan and expects to invest another Bt1.4 billion to complete the project in 2023.
"We expect the project to generate returns of at least 8 per cent of total investment," he said.
SPCG is targeting capacity of 390MW – 260 megawatts from its 36 solar farms in Thailand and 30MW from Tottori Yonago Mega Solar Farm in Japan, he added.
