Solar sparks fly: SPCG revs up to electrify Eastern Economic Corridor

After nearly two years of delay, SPCG, a quantity one photo voltaic farm developer in Thailand, is set to start building of solar farms within the Eastern Economic Corridor (EEC). SPCG anticipates generating a mixed power capability of 500 megawatts. The delay was because of the have to determine suitable areas for the project and awaiting the license approval from the new secretary-general of the EEC Office.
Up-sell has identified and procured sixty one areas within the EEC, masking three,000 rai of land at an approximate cost of 3 billion baht (US$82,988,000). The EEC, which incorporates components of Chon Buri, Rayong and Chachoengsao provinces, is projected to turn out to be the nation’s high-tech industrial hub, housing 12 targeted S-curve industries.
The photo voltaic farm initiative necessitates an preliminary funding of 12 billion baht for the first development part, which can generate a capacity of 300MW. A subsequent eight billion baht is planned to be invested for the second section, adding an additional 200MW capability, reported Bangkok Post.
Wandee Khunchornyakong, the CEO of SPCG, foresees an annual revenue of 1.5 billion baht as quickly as the first part of solar farms turns into operational. The income is predicted to surge to 2 billion baht yearly post-completion of the second section.
In a separate improvement, SPCG has joined forces with Innopower Co, an vitality developer operating beneath the state-run Electricity Generating Authority of Thailand, to review its 36 photo voltaic farms across Thailand.
This is a part of the company’s aspiration to take part within the Renewable Energy Certificates (REC) scheme. The REC is a monetary incentive designed to encourage energy plant homeowners to generate electrical energy from clean fuel.
Each REC, symbolising 1 megawatt-hour of renewable vitality generation, may be traded as an power commodity. The combined capacity of the solar farms underneath review by Innopower Co is 260MW.
Wandee anticipates the commencement of REC commerce in the fourth quarter of this year. As a part of its rooftop solar panel business, the corporate additionally intends to sell RECs. SPCG has already put in solar panels for over 200 firms nationwide.
Internationally, SPCG has plans to take a position 1.thirteen billion baht in the construction of the 480MW Ukujima Mega Solar Farm, which is currently underway. The project is expected to initiate industrial operations by July 2025.
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