Bangchak Corporation Public Company $1 billion renewable energy investment
BCPG, the renewable energy off-spring of Thailand’s Bangchak Corporation plans to invest $1 billion throughout the next 5 years with 40 percent of that planned for domestic power projects after many years of spending money overseas.
In order to achieve its target of owning 1,000 megawatts (MW) of renewable generation capacity by 2020, BCPG will have to posses an additional 400 MW of capacity.
BCPG is planning to build 150 MW of the new 400 MW capacity in Thailand, focusing on biomass and rooftop solar power investments. The remaining capacity would probably be an investment in wind power projects around Thailand.
BCPG plans to use the rooftop solar projects as a way to bring the micro-grid concept to Thailand. The photovoltaic panels on residential and industrial properties will produce renewable electricity that will then be sold back to nearby consumers connected to the local grid.
Learn more from the following interview, “Thai renewables company BCPG looks homeward for $1 billion spending budget”.