Sonnedix Group announces that it has reached over 100 megawatts of operating PV capacity with the completion of a 9.5MW solar plant in the Mae Chan district in Chiang Rai northern Thailand.
The solar power plant is the largest built to date in northern Thailand, and was constructed by Assyce Fotovoltaica and Ch. Karnchang Group using 41,000 REC solar modules and 16 ABB inverters.
Long term bank debt was provided by Krung Thai Bank on a non recourse project finance basis.
“We intend to pursue our growth in Thailand and Asia as one of its leading independent solar power producers. As Solar PV Power in Thailand keeps growing, considering the local community requirements is a key element to a successful integration”, said Sonnedix Chairman, Mr. Franck Constant.
“Regardless of our growth, we cannot forget our environment, and giving back to the community is an important and necessary pledge to our long-term relationship”.
Sonnedix is committed to its global Corporate Social Responsibility Initiative which invests in education, quality of life and good neighbor programs tailored to each plant it develops. In Thailand, Sonnedix Solar is currently donating and installing PV solar systems at local schools.
The Chiang Rai Solar Plant can supply enough electricity to meet the annual needs of about 7,200 average Thai homes. It is expected to generate more than 14,400 megawatt hours of clean electricity per year, offsetting carbon dioxide emissions of more than 10,000 tons a year. A Buddhist inauguration ceremony took place at the power plant last week.
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Anyone searching for a silver lining to the pandemic should look to the clear, blue skies above them. A reduction in pollution worldwide has been an unintended benefit of the lockdowns and stay-in-place orders imposed to control the spread of COVID-19.
Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI
The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.
The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.(more…)
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