Thailand Solar Energy News

Recent industry report about Thailand Solar Energy company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Thailand Solar Energy Market industry experts.

Thailand Solar Energy News

· In November 2021, the Electricity Generating Authority of Thailand (EGAT), a state-owned enterprise, commissioned a 45MW hydro-floating solar hybrid project, the largest at Sirindhorn Dam in Thailand. The project is capable of reducing greenhouse gas emissions by around 47,000 ton/year.

· In June 2020, WHA Utilities & Power PLC signed an agreement to install a solar rooftop, with a capacity of 2,012 KW, at the second factory of Asno Horie (Thailand) Co. Ltd.

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  • March 2022: Integrated Power Services (IPS), a North American company in the service and repair of transformers and power transmission products, agreed to acquire ABB’s Transformers Repair businesses in the United States and Canada. The sale included ABB’s coil manufacturing facility in Beloeil, Quebec, and its service center in Denver, Colorado.
  • January 2022: GE Renewable Energy’s Grid Solutions business announced a series of recent wins for its low-maintenance, high-performing digital power transformers. As part of this project, GE signed an agreement to supply its digital power distribution transformers for several projects around the globe, including the United States.
  • May 2023: Solar Capital has connected an 86 MW solar PV plant to the grid in South Africa's Northern Cape. The new solar farm will generate enough energy to power thousands of homes and businesses in the region. Sungrow has supplied its SG3125HV PV inverters to this project.
  • May 2023: South African construction and mining company, Concor, announced that it has started expanding solar power at East Gate Shopping Center located in Germiston, East Rand region. The project will add 5.74 MW of solar power to the existing 1 MW grid-tied solar plant of the shopping mall. The ongoing solar project aligns with L2D’s 2030 net zero targets, which include reducing energy reliance on the nation’s unreliable grid.
  • April 2023: Octopus Energy Generation invested in Japanese solar power company Yotsuya Capital, launching it into the Asian renewables market. The agreement aims to accelerate the country's energy transition. The company is expected to support Yotsuya Capital in developing 250MW of new solar farms in Japan over the next five years.
  • April 2022: JERA Co. Inc., one of the leading power companies, finalized a deal to develop a 1GW solar plant with West Holdings Corp., one of the top renewable engineering companies. The project was expected to be operational by 2025. The company would likely invest about USD 1.4 billion in the next three years.
  • June 2022: Japan's government disclosed the winner of its 12th solar energy tender. Pacifico Energy KK won the tender for the solar project with a capacity of 76.8 MW. The company was expected to offer a tariff of USD 0.073 per kWh. The project would be located in Yamaguchi prefecture and is expected to be operational by 2027.
  • September 2022: Amazon India announced its first set of utility-scale renewable energy projects in India – three solar farms in Rajasthan, totaling a combined clean energy capacity of 420 megawatts (MW). These include a 210 MW project to be developed by ReNew Power, a 100MW project by Amp Energy India, and a 110MW project to be developed by Brookfield Renewable.
  • March 2022: California Department of Water Resources, utility company Turlock Irrigation District (TID), Marin County, California-based water and energy project developer Solar AquaGrid, and University of California partnered on a pilot project named Project Nexus.
  • May 2022: NJR Clean Energy Ventures (CEV) started construction on an 8.9-MW floating solar installation in Millburn, New Jersey, expected to be the largest floating array in the United States. The project uses a floating racking system, 16,510 solar panels ware likely to be installed on a reservoir at the New Jersey American Water Canoe Brook Water Treatment Plant. The clean power generated by the array was expected to provide approximately 95% of the facility’s annual power needs through a power purchase agreement with CEV.
  • In May 2023, the Sindh government announced its plan to transition major provincial hospitals to solar power as part of its broader solar power initiative.
  • In May 2023, the Provincial Minister of Sindh for Energy, Imtiaz Ahmed Sheikh, inaugurated a solar power park at the Karachi Press Club. This 60-KV solar power project will meet 90% of the press club’s power requirements.
  • In May 2023, the German government announced to ease bureaucratic hurdles for solar power as the country set a new record for photovoltaic installations during the first quarter. The government aims to have 215 GW of solar installed in Germany by 2030, more than tripling existing capacity in seven years.
  • In January 2022: Semper Solaris partnered with Enphase Energy Inc., a global energy technology company, to deploy IQ8 solar microinverters, which provide sunlight backup during an outage, for residential rooftop installations in Germany.
  • In May 2022, GreenYellow was awarded a contract to build 8.03 MWp of solar distributed generation (DG) plants to supply power to a pharmacy chain Grupo DPSP in Brazil. It has signed the agreement with Brazil’s Grupo DPSP to install 25,000 PV at five locations, three in Sao Paulo, one in Rio de Janeiro, and one in the Federal District. The contract has a term of ten years, during which GreenYellow will supply 15 GWh of power annually to Grupo DPSP. GreenYellow will provide the entire initial investment and take care of the plant's construction, operation, and maintenance (O&M) for the duration of the contract.
  • In March 2022, Smart Power India (SPI) announced partnering with Adani Solar to promote solar energy usage in rural areas of Uttar Pradesh, Bihar, Jharkhand, and Odisha. Furthermore, SPI signed a memorandum of understanding (MoU) with Adani Solar to ensure equitable access to last-mile electricity and encourage energy transition. The MoU aims to boost the usage of solar rooftop panels and achieve five MW of solar deployment through Adani Solar and partners in rural and peri-urban areas of the Indian states.
  • In April 2023, ArcelorMittal announced that the company’s Brazilian entity, ArcelorMittal Brazil, formed a joint venture with the Brazilian renewable energy company Casa dos Ventos in order to develop the 554 MW Babilonia wind power project. The project will be developed at a cost of USD 800 million and will be located in the central region of Bahia, northeast Brazil. ArcelorMittal will hold a 55% share in the joint venture, and the remaining share will be held by Casa dos Ventos.
  • In January 2023, Cepsa announced that the company would be building three new solar power projects in Castilla-La Mancha, Spain. The total capacity of the three solar energy farms would be 400 MW. The projects would be developed with an investment of EUR 280 million in the towns of Campo de Criptana and Arenales de San Gregorio.
  • In May 2022, NJR Clean Energy Ventures (CEV) started construction on an 8.9-MW floating solar installation in Millburn, New Jersey, which is expected to be the largest floating array in the United States. The project uses a floating racking system, 16,510 solar panels were likely to be installed on a reservoir located at the New Jersey American Water Canoe Brook Water Treatment Plant. The clean power generated by the array will provide approximately 95% of the facility’s annual power needs through a power purchase agreement with CEV.
  • February 2023: Vast Solar announced that the Australian Renewable Energy Agency has provided funding of USD 44 million to develop a 30 MW CSP plant in Port Augusta, Australia.
  • February 2023: Engineers India Limited floated a tender, inviting technology licensors and suppliers to develop a new CSP project at an undisclosed location. The company has also announced that companies with functional but non-commercialized CSP technologies can participate in the bidding process.
  • February 2022: Irish renewable energy company Amarenco signed a deal with Egyptian energy company SolarizEgypt under which both companies are supposed to enter a partnership to jointly develop a 300 MW solar power portfolio for commercial and industrial (C&I) customers in Egypt. Amarenco is expected to acquire 74% of SolarizEgypt's existing 50 MW solar portfolio, and the partnership is expected to invest approximately USD 255 million over the next four years.
  • February 2022: Makadi Heights, a fully integrated township project in the Red Sea area owned by Orascom Development, signed a contract with SolarizEgypt to develop a 1.5 MW dedicated solar power plant for the project. Makadi Heights develops the project through a Build, Operate, and Transfer (BOT) model under a 25-year corporate power purchase agreement (PPA) with SolarizEgypt. The total investment in the project is estimated to be nearly USD 11.5 million, and the project is expected to commence its commercial operation in Q1 2023.