The plants, to be located in Thailands Nakhonpathom and Suphanburi provinces, will be developed under the countrys very small power producer program. The generated electricity is expected to be sold to Provincial Electricity Authority.
According to the initial environmental examination submitted in February, construction is scheduled to take around 11 months to complete. Polycrystalline photovoltaic technology will be employed, with REC expected to deliver the necessary modules. Meanwhile, the inverters will come from SMA.
In addition to providing an around $52 million loan to Solarco Solar Co. Ltd, ADB has said it will make a further $33 million available to the special-purpose company, owned by Yanhee EGCO Holding Co., Ltd, under its Clean Technology Fund.
Overall, Solarco, which was formed as a joint venture company between Yanhee Solar Power Company Limited (YSP) and Electricity Generating Public Company Limited (EGCO), plans to invest around $240 million in the 57 MW project. Approximately 75% is expected to come from the banks, while Solarco has said it will invest the remaining 25% itself.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.