France-based floating PV specialist Ciel & Terre is expecting to launch a floating solar equipment manufacturing facility in Thailand next March and is in the final stages of approving a Vietnam facility.
Major Thai gas-fired power and rooftop solar IPP Gulf Energy Development PLC is preparing to launch an IPO after receiving approval from the Securities Exchange Commission (SEC).
With one month to go before the Solar and Off-Grid Renewables Southeast Asia conference in Bangkok, PV Tech caught up with Franck Constant, president of renewables and storage investment platform Constant Energy, to discuss the current state of solar in the largest Southeast Asian markets.
Submissions for Thailand’s first 300MW hybrid PPA scheme, which encourages use of energy storage to supplement renewable energy generation, are due by 20 October.
Thai renewable energy firm BCPG, an arm of oil and gas company Bangchak Corporation, is actively looking at investing in rooftop solar as well as an online marketplace for clean energy, according to a Reuters report.
Renewables and storage investment platform Constant Energy has acquired 17.5MW of operating ground-mount solar PV assets, a team of developers and operators, and a pipeline of development in Thailand from Sonnedix.
Thai energy and waste management firm Padaeng Industry (PDI) has acquired a portfolio of six operational solar PV farms in Thailand with a combined capacity of 30MW from Armstrong Asset Management and Dragon Capital for a total of THB1.3 billion (US$39 million).
Leading PV module encapsulation and backsheet material supplier Hangzhou First Applied Materials Co, formerly First Photovoltaics (PV) reported a continued increase in demand with sales up by 16.56% but profits crashed by 43.49% on significant ASP pressure in the first half of 2017.
The Asian Development Bank (ADB) has invested THB1,968 million (US$57.7 million) in Thai power firm B. Grimm Power Public Company (B. Grimm) to develop renewable energy projects in Southeast Asia.
Japanese electronics firm Kyocera announced Tuesday that it is expanding its solar energy business in Thailand — with the company planning on increasing sales in the country by 2.5 times during the year ending 31 March 2018 when compared with the previous year.
