Tag: eyekandi solar


Have you ever considered a ‘Green Loan’?

Asian property developers are exploring the use of green loans. Recently, there has been a deal in Singapore where a green loan was used to fund an office tower.

Singapore-based Frasers Property Ltd. raised a S$1.2 billion ($881 million) green loan, the first of its kind by a Southeast Asian borrower under principles set by Asia Pacific Loan Market Association in March that aim to standardize disclosure. The facility refinances existing loans tied to Frasers Tower, an energy efficient office with its own park and podium roof gardens.

Green loan are playing catchup to bond markets, as borrowers are demanding more channels and options for such financing amongst a sustainability backdrop to address the pollution crises created by rapid urbanization and consumerism. The critics of green finance have pointed to a lack of universal standards and measures like for example, the APLMA’s guidelines aim to increase transparency on the use of proceeds and on the environmental impact of projects.

“There are strong returns for banks to get into sectors like green buildings and renewable energy as they are showing very strong financial performance,” said Jonathan Drew, Managing Director, Infrastructure and Real Estate Group, Global Banking Asia-Pacific at HSBC Holdings Plc.

Singapore’s Ho Bee Land Ltd. in August signed a 200 million pound ($264 million) green bridge loan for the acquisition of Ropemaker Place commercial building in London. Hong Kong real estate firm New World Development in March raised a HK$3.6 billion ($461 million) maiden green loan for a commercial re-development project.

“In Hong Kong, we increasingly see property firms that are developing green buildings based on the expectations of tenants, financiers and the community to develop projects that provide higher level of energy efficiency,” said Drew, one of the lenders for New World transaction and the green structuring adviser for Ho Bee Land deal.

Image supplied by Police Bank Australia: Green Loan

Image supplied by Police Bank Australia: Green Loan

Asian borrowers outside of real estate have also been adopting green loans. Hong Kong’s Leo Paper Group this month signed a HK$350 million loan for environmental projects in China. Singapore’s Wilmar International Ltd. this year has raised two separate credit facilities where the interest rate will be reduced based on sustainability targets achieved. Sydney-based Macquarie Group Ltd. in June raised 2 billion pound loan, with tranches to financing renewable energy-efficient projects and buildings.

Have you thought of applying for a green loan for a personal project of yours? If so, how have you gone about doing it? Have you been successful? If so, please share your story with us.

To view the original Bloomberg article, click here.


Can Thailand follow in Indonesia’s footsteps?

Indonesia’s President has signed a moratorium, (a temporary prohibition of an activity) on all new oil palm plantation development, an official said on Thursday (Sept 20), in a move initiated by environmentalists.

The moratorium pauses any new land being made available for plantations in the world’s top producer of the edible vegetable oil, a key ingredient in many everyday goods, from biscuits, cakes, shampoo and cosmetics.

President Joko Widodo signed the instruction, which will last a minimum of three years, on Wednesday.

“The moratorium is to improve the governance of sustainable oil palm plantations, provide legal certainty, increase the productivity of smallholder oil palm plantations, maintain environmental sustainability and contribute to the reduction in greenhouse gases,” he told AFP in a WhatsApp message.

Plantations on the Indonesian Sumatra island, Papua and the Indonesian part of Borneo have expanded in recent years as demand for palm oil has skyrocketed, bringing huge profits to companies and tax revenues to the government.

The palm oil growth has been blamed for the destruction of tropical forests that are home to many endangered species, and forest fires that occur every year during the dry season due to illegal slash-and-burn clearance.

An aerial view of a palm oil plantation in Indonesia's South Sumatra province. October 2016 Photo supplied by: REUTERS

An aerial view of a palm oil plantation in Indonesia’s South Sumatra province. October 2016
Photo supplied by: REUTERS

The moratorium was first proposed in 2015, following devastating fires that covered large stretches of South-east Asia in toxic smog for weeks.

A moratorium on conversions of new peat lands was established in 2011 to improve management and reduce fires, but campaigners say this is sometimes ignored when local governments grant concessions.

In 2015, the government banned new development on all peat lands after swathes of carbon-rich peat were drained for use as plantations in recent years, creating highly flammable areas.

The decision comes as Indonesia and Malaysia battle a move by the European Parliament to ban the use of palm oil in biofuels.

The EU Parliament voted earlier this year in favour of a draft law on renewable energy which calls for the banning of palm oil in biofuels from 2030, due to the accumulating concerns about its impact on the environment.

Indonesia and Malaysia will be hard hit economically as they are the world’s top exporters of palm oil.

Can Thailand follow in Indonesia’s footsteps, and stop the burning of their crops?

View the original article here


Energy Blockchain interest grows across Asia

Growing market interest and a bunch of ground-breaking projects have shown how Asia could be in line to match Europe and North America in the field of blockchain-based energy trading innovation. As well as hosting a vibrant start-up community of its own, the region is already a major focus for international energy blockchain leaders such as US-based LO3 Energy and Power Ledger of Australia.

There is an immense appetite for blockchain-based energy trading in Asia,” said Power Ledger analyst Marrah Fry. “We have received a great deal of support for our two announced projects in this region.

Perth-based Power Ledger’s Asian projects include a tie-up with the Thai renewable energy developer BCPG and an alliance with Kepco, Japan’s second-largest utility.

The Thai project has been named the first of its kind in the region, since local utility Metropolitan Electricity Authority is giving the blockchain company access to its network so that Power Ledger can help BCPG offer peer-to-peer energy trading.

Belinda Kincaid, Australia director at LO3 Energy, said her company was also setting its sights on Asia, with two projects soon to be announced in Japan. Asian countries such as Japan, Singapore and South Korea were eager to embrace blockchain-based energy trading, she said, but working in Asia also meant dealing with energy markets that were less mature and receptive.

It impacts the readiness of people to look at how this could be of benefit,” she said. “Each market is different. But a lot of Asian utilities are intrigued and want to do some sort of trial. They are generally quite receptive to learning more.”

Nevertheless, the challenges facing the introduction of blockchain energy trading in the region were highlighted in September, when the Electricity Generating Authority of Thailand announced plans to add fees onto blockchain-linked trades. The first regulatory challenges to blockchain energy trading in the world, came just as Thailand was being named as a leading cryptocurrency market.

In August, the site TechCrunch had named the Thai nation as “one the most interesting cryptocurrency and blockchain countries in Southeast Asia in 2018.”

Power Ledger’s Fry ignored concerns about the impact of the levy, though. “We are aware that the Thai Government recently announced a 15% capital gains tax on cryptocurrency transactions,” she said. “This particular regulation won’t have any impact on our deployment of the Power Ledger platform in Thailand, as users do not actually interact with any cryptocurrency.

Furthermore, she said, the risk of regulatory challenges was not restricted to Asia. “More definitive regulation in the blockchain and cryptocurrency space is something that has become a reality for almost every jurisdiction around the world,” she noted.

Energy Blockchain Trade in Asia is growing. Image supplied by Solarplaza

Energy Blockchain Trade in Asia is growing.
Image supplied by Solarplaza

For Willie Khoo, product and strategy manager at Singapore-based energy blockchain firm Electrify, the answer is to push for greater awareness of the benefits of distributed ledgers, peer-to-peer trading and cryptocurrencies. “People are generally receptive once they can wrap their heads around blockchain and energy, which is a difficult thing to do,” he said. “Explaining blockchain is a herculean task and the energy market is equally hard to fathom.

This means there is often a steep learning curve that investors, regulators and other stakeholders have to go through before they are comfortable with the concept. Once that challenge has been overcome, though, there could be significant opportunities for blockchain energy trading in many Asian countries.

The grids are becoming more and more decentralized,” Khoo said. “The markets are opening up to not just commercial and industrial entities, but also to residential households. I think this is where the opportunity is: to have these grids leapfrog to a completely decentralized system. In Europe or Australia, it’s harder to penetrate these grids. In Asia, the opportunity is there.

Click here to view the original article, submitted by Solarplaza.


The use of Solar and the Blockchain in Southeast Asia Startup BitLumens

Using blockchain and solar energy, UN- and World Bank-endorsed startup company, BitLumens has been tooling its solar home technology to bring electricity and financial inclusion to underserved populations. Myanmar and Indonesia are BitLumens’s first Southeast Asia stops.

Founding CEO Veronica Garcia spoke with Southeast Asia Globe about their plans to lease solar systems to power off-the-grid households, and we (Eyekandi-Solar) decided to share the interview with you.

Tell us a bit about BitLumens…
We’re bringing solar home systems and mini-grid into off-grid communities – so these are communities that are not connected to the power lines. We have some sensors added into these [leased solar power] machines that collect information from each use… such as power generation, power consumption and also carbon mitigation… Before we install these devices, our agents collect KYC, or know-your-customer data, on each of the users, so we would collect things like how many people are within that household, what are their wages, what type of floor do they have… All of this information goes into the blockchain – this KYC combined with the transaction data. These people pay for the devices every month, and… [we] give a [score based on their payment history] so that at the end of the payment period, they will have a credit score, which works as a financial identity where they could either open a bank account or they could have access to a micro loan that would be backed by BLS [BitLumens] tokens.

Are the BLS coins environmentally friendly to mine?
Yes, of course. We use Ethereum [blockchain], and Ethereum uses proof of stake that uses way less energy consumption [to mine than] Bitcoin. As you know, Bitcoin takes around 40 terawatt hours to operate. We don’t accept Bitcoins in the first place because we don’t think it’s very environmentally friendly. We try to stay in protocols that need less computational power.

BitLumens combines blockchain technology and solar energy to bring electricity to those not connected to the main grid Image supplied by SEA-Globe

BitLumens combines blockchain technology and solar energy to bring electricity to those not connected to the main grid
Image supplied by SEA-Globe

Why is BitLumens important to countries like Myanmar and Indonesia?
I do anticipate a decentralised energy system in these types of regions where the power lines cannot reach small communities. In these regions, 1 kilometre of power lines costs around half a million dollars. If you need to run, let’s say, 100 kilometres of power lines until you reach a community of 2,000 users, there is no way that the utility company will do that. However, if you collect the data and tell them this is how much we generate, this is how much they consume and this is how much they pay, things are totally different and one would be able to find partnerships where one could place [solar home] mini-grids. 

Do you have future plans for expansion in other parts of Southeast Asia?
Yes, Indonesia is also an important market for us. We are looking at places like Nosatangara, this is at the southernmost part of Indonesia. There are thousands of people who are not connected to a grid, so we are looking at a place where we could actually place a pilot there… We have partnered with a really good organisation there and the UN was really good to set up all of these connections for us, so we are happy to be announcing that pretty soon… and then we will immediately start the deployment.

More information about BitLumens can be found here, and the original article published by SEA-Globe can be found here.


Opportunities in the Thai Solar Energy sector

A significant increase in Thai Solar Energy since 2010 has seen a climb from almost nothing to a total of 3 GW of solar installations in the country! This already satisfies half of their target for the year 2036… 

There have been seven opportunties outlined by the prestigious International Lawyers. Pugnatorius which we have inlcuded below. To see the original article written by Praktikantin, click here.

Image supplied by PV Tech Thai Solar Energy

Image supplied by PV Tech
Thai Solar Energy

seven opportunites

  1. New solar tenders: There will be new public tender procedures to develop more solar farms in Thailand. It can be expected that the bidding processes in 2018 will have more strict regulatory requirements concerning the location, capacity, PPA conditions, and overall feasibility of the tenders.

  2.  Off-market solar farms: Many solar energy projects are realized off-market and outside of a formal public tender process. Foreign investors will need a close connection and cooperation with a Thai partner and may have to adjust their business policies to local standards. Keeping the projects local have an advantage for the Thai economy!

  3. Acquisition of existing solar farms: During the last few years there was a flourishing trade of electricity production licenses and power purchase agreements, several semi-finished or already established and electricity producing solar farms are now for sale. These projects can be acquired through an asset acquisition or the transfer of the shares in the solar farm company.

  4. Utilization of own rooftops: As a cost-effective way to leverage solar energy, commercial and industrial property owners are allowed to install solar panels onto their own roofs and to produce electricity “behind-the-meter” for self-consumption. See one of Eyekandi-Solar’s previous post. Such investment can be delivered, financed and maintained by third parties under EPC (Engineering, Procurement, and Construction), O&M (Operating & Maintenance) and finance agreements.

  5. Solar rooftop investments: Under Thailand’s upcoming solar rooftop legislation, (foreign) investors and developers are (hopefully) allowed (i) to cooperate with commercial and industrial rooftop owners, (ii) to generate electricity, (iii) to sell the electricity to the grid (net metering) and (iv) to enter into power purchase agreements with commercial and industrial parties (C&I PPA).

  6. Floating solar farms: As the Third Way, the development of floating solar arrays (floatovoltaics) should be the next big thing. New projects are available and provide for an attractive return on investment, independently from the pending rooftop legislation. Details can be found at “Floating solar farms in Thailand“. Eyekandi-Solar recently wrote about the floating solar farm in Rayong, see article here.

  7.  Internet of (Solar) Energy: Internet of Energy (IoE) means the implementation of Internet of Things (IoT) technology with distributed energy systems to optimize the efficiency of the generation, transmission, and utilization of electricity. As soon as Thailand and its regulatory framework are ready for a peer-to-peer energy trading community, every person can trade their energy directly, using a blockchain technology without any middleman. Are you familiar with SolarCoin?

    Solar coin

Are there any opportunities which they may have missed, that you feel are important to highlight? Get in touch with us and let us know.


Solar Rooftop Project Plans revealed by CPF

CPF will install Thailand’s largest solar rooftop to promote sustainable energy consumption

In 2017, Thailand announced it’s intentions to migrate toward digital change. Most of their strength has been put into technological advances such as: internet banking, e-commerce and electric vehicles. Only a few people know that actually one of the largest digital changes in Thailand are being made in Suburbia. 

Charoen Pokphands Foods (CPF)’s Nakhon Ratchasima chicken broiler complex is located approximately 300 kilometers northeast from Bangkok. This broiler complex is among one of the most innovative chicken complexes in the world, producing millions of broilers per week for consumers in Thailand, Aisa and abroad.

CPF unveils solar rooftop project plans

CPF unveils solar rooftop project plans

Inside the Chicken Coooo

The broiler complex in Nakhon Ratchasima is equipped with the most updated technologies in the poultry business. These innovations are playing very important roles in giving the world class food safety, animal welfare and traceability.

The complex is designed in a compartment model which is in line with the World Organisation of Animal Health (OIE). This compartmentalisation strategy is to separate all facilities within the complex from each other under common biosecurity to avoid contamination and an epidemic.

Processes (sensitive to Vegan viewers)

The new born chicks are transported from the hatchery facilities to broiler house by trucks with air ventilation designed specifically for preventing external contamination.

During the chickens’ lifetimes, they live in a controlled environment with an automatic feeding system which also provides comfort and necessary monitoring.

Dr. Payungsak Somyanontanakul, CPF’s vice president and animal welfare expert, explained that, “besides enhancing strict biosecurity, these technologies can significantly improve the living environment within the complex.”

“We believe the best quality products must come from the cleanest and healthiest environment. Farmers will no longer need antibiotics growth promoter for healthy and happy chickens,” he continued.

“It is company’s policy that farm animals must be free from hungry and thirsty, discomfort, pain, injury and disease, fear and distress, and being able to express normal behavior,” he said.

All broilers are farmed with the Evaporative Cooling System (EVAP), a technology that controls the temperature, moisture and even gives accurate day and night atmospheres within the chicken house which enables a comfortable life for the chickens, in a tropical climate like Thailand’s.

An unlimited amount of food and water is given to the chickens through a machine, while scales are installed inside the chicken house for their entertainment as well as for collection of necessary data. This data is monitored with live broadcasting.

The future of digital farming

CPF has recently announced its partnership with JDA Software, Inc., a leading supply chain software developer, to accelerate its digital supply chain transformation.

Prasit Boondoungprasert, CPF’s chief operating officer, said “the company is moving toward digitalization to improve the efficiency in the operation and provide better consumer satisfaction.”

The Solar Rooftop

CPF invests in ‘largest solar rooftop scheme in Thailand’

CPF invests in ‘largest solar rooftop scheme in Thailand’

CPF has signed an agreement with Gunkul Engineering, which will invest in 100% of the project.

The project, CPF says, will allow it to produce food in an environmentally friendly way. The company aims to work in accordance with the United Nation’s Sustainable Development Goals (SDGs) to ensure that production is energy-efficient. The solar rooftops will be set up at all CPFs’ manufacturing plants.

The installation will reduce CPFs’ greenhouse gas emissions by 28,000 equivalent tonnes of CO2, which CPF states will benefit its renewable manufacturing setup and Thailand’s environment. So far, the company notes that it has reduced its emissions by more than 79,000 equivalent tonnes of CO2 in line with its commitment to sustainability.

To view the original article published on July 4th by FeedStuffs.com, click here


Thai Solar Pioneer, Inspiring Women Across Thailand

Inspiring story about a local Thai business woman and entrepreneur

Well known local Thai business woman and entrepreneur, Wandee Khunchornyakong Juljarern, has been interested in the solar industry for more than a decade. With experience in off grid installations, she continued to get rejected from banks and investors to fund her Solar Farm initiative. The excuses ranged from her age, to lack of experience in ‘commercial solar projects’.

“The more people say, ‘You should not try it, you should not take a risk,’ the more I want to do it,” Wandee said in an interview. Her goal was to prove Thailand could use solar energy, so that “we can change the form of energy production, instead of relying on only conventional means”.

Finally the Thai government announced permits for solar power plants that could feed into the grid,  and Wandee Khunchornyakong Juljarern was the first in line.

Kasikornbank, the 10th Bank she visited for assistance, whose president was also an engineer, showed interest in her initiative, and agreed to fund only 60% of her $20 million request. For the remaining 40%, she sold some of her family land she had inherited…

“My mum said, ‘Do what pleases you.’ My husband said, ‘Let me think for three days’,” she recalled. Her response was that she would sell it anyway, she said, roaring with laughter.

Wandee Khunchornyakong Juljarern’s first solar farm opened in April 2010 in Korat, in the northeast of Thailand.

4 years later, Wandee’s Solar Power Company Group (SPCG) had 36 solar PV plants with a capacity of 250 megawatts.

SPCG is now one of Thailand’s largest solar companies. Between 2013 and 2016, its revenues more than doubled.

As chairman and CEO of the listed company, Wandee has been recognized by the United Nations for her commitment to clean energy, and in 2015 Forbes dubbed her one of Asia’s most powerful women.

“We are helping the world by reducing CO2 (emissions) by almost 200,000 tonnes equivalent per year,” said Wandee. This amounts to taking more than 40,000 cars off the road, according to statistics provided by the World Bank.

Solar Farms and Solar rooftops, Thailand Image supplied by SPCG Thailand

Solar Farms and Solar rooftops, Thailand
Image supplied by SPCG Thailand

Moving the Solar streak forward

Wandee is planning to venture into Myanmar, where millions of people lack access to electricity, but realises the difficulty of implementation in a nation without national policy on renewable energy.

Talking of the Success in Thailand…

“I would call Korat almost every hour asking, ‘What’s happening? You have enough sun? How many kilowatt hours?’” she said, chuckling in the modern building now housing the company in a fashionable part of Bangkok, with soothing green walls and images of a lush forest on the glass doors and walls.

Luckily, the project outperformed expectations and within three months, she was looking for more investors.

The International Finance Corporation, the World Bank’s private-sector division, and the multilateral Clean Technology Fund gave early financial backing.

Wandee, who humbly still lives in her old house, wants to continue working and pursuing her Solar dreams, despite her age.

“Women… have to have confidence in (themselves),” she said.

Original reporting by Thin Lei Win, and editing by Megan Rowling. Credit for the content of this article goes to the Thomson Reuters Foundation, the charitable arm of Thomson Reuters, that covers humanitarian news, women’s rights, corruption and climate change. Visit this link for more.


Thailand Energy Authority give Private Solar Power Buying ‘thumbs up’

After a 4 year postponement, Thai energy policymakers have finally given the ‘go-ahead’ to start buying solar power produced by private buildings and households.

The surplus solar power generated by private buildings and households (that are accepted by the programme) will be able to be sold to the state, and be fed back into the grid.

Energy Minister Siri Jirapongphan said the Department of Alternative Energy Development and Efficiency is carrying out studies to outline the investment conditions, which are expected to be concluded this year. He said there is no solid time frame yet because details such as business model, investment budget, power tariff, net metering system, supporting region and capacity from each building are still under development.

A village in Than To district of Yala, next to the Malaysian border, is one of several small pockets of private homes partially powered by solar energy, but the government now pledges a nationwide plan to encourage this form of alternative energy. (Photo by Patipat Janthong) Bangkok Post

A village in Than To district of Yala, next to the Malaysian border, is one of several small pockets of private homes partially powered by solar energy, but the government now pledges a nationwide plan to encourage this form of alternative energy. (Photo by Patipat Janthong) Bangkok Post

The power tariff to sell back to the state will be around 2.44 baht per kilowatt-hour (kw/h).

The cost to develop rooftop solar PV panels has seen to be on the decline.
This programme will allow for private buildings and households to sell their power either under a business-to-business model or to sell surplus electricity wholesale to the state. “We are working to support households to participate in the power generation from their own rooftops and to receive revenue from selling the surplus electricity,” Mr Siri said.

This programme is aimed at achieving policymakers’ goal to have all types of renewable energy make up 30% of the country’s total power generation by 2036 from 10% at present.

The policymakers expect to see a decline in heavy dependence on fossil-based power in the long run. Fossil fuels make up 85% of national power.

Mr Siri said the programme may be accelerated to increase the proportion of renewable energy and meet the target sooner than projected.  The rooftop programme was launched for the first time in 2013 with a total quota of 200MW. Bangkok, Nonthaburi and Samut Prakan were allocated 80MW of the total, equally distributed between private buildings and households. At the time, the power tariff was set at 6.10-6.96 baht per kilowatt-hour, higher than for the upcoming programme.

Solar rooftop owners will operate as independent power suppliers (IPSs). The Energy Regulatory Commission reported that registered IPSs in Thailand have a combined capacity of 2,600MW and more new IPSs are being launched each month with an average capacity of 4-5MW.
IPS capacity will account for 6.5% of the total power production system in Thailand.

Click here to view the original post written by YUTHANA PRAIWAN – Bangkok Post


Delta Considers Storage Options, Asia

Delta, expanding their horizons

Delta Electronics Thailand is a maker and distributor of power management solutions and electronic components. The company is currently undergoing studies in the feasibility of an energy storage business in response to the global popularity of electric energy. Storage of which comes with it, hand in hand.

It has been confirmed that Delta will team up with the PTT Group and the Electricity Generating Authority of Thailand (EGAT) to invest in energy storage in future.

“Our feasibility study is for the energy storage business and the future market, both locally and overseas,” Kittisak Ngoenngokngam, business director for Southeast Asia, said.

“Delta expects this collaboration to be concluded soon.”

Curtis Ku (front), senior business director of Delta, takes Yossapong Laoonual, president of the Electric Vehicle Association of Thailand, to visit Delta's solar rooftop in Bangpoo Industrial Estate. THITI WANNAMONTHA   Bangkok Post

Curtis Ku (front), senior business director of Delta, takes Yossapong Laoonual, president of the Electric Vehicle Association of Thailand, to visit Delta’s solar rooftop in Bangpoo Industrial Estate. THITI WANNAMONTHA
Bangkok Post

Mr Kittisak said that ‘Delta will install trial energy storage of 500 kilowatt-hours at its plant in the Bangpoo Industrial Estate in the third quarter’.

He further said that ‘energy storage will be included in Delta’s business segment of infrastructure together with its solar-panel inverter and charging station for electric vehicles (EVs)’.

Delta has recently provided a 2MW solar rooftop at the Bang Poo plant which supplies ‘quick charges of 25-50 kilowatts (KW)’.

Hsieh Shen-yen, Delta’s president, said that the renewable energy business and energy-saving solutions are a growing global trend. Delta is continuously searching for new opportunities to grow and invest in those business, mainly in the form of mergers and acquisitions in order to keep up with the public demand.

Delta expects 2018 revenue growth of 10% to 50 billion baht, thanks to demand growth for products globally, especially in Asean and India.

Last year, the company posted revenue of 49.3 billion baht, up 5.1%, though net profit fell by 10.6% to 4.9 billion baht.


TSE and the future of Renewable Power Plants

Are Renewable Energy Plants still viable in todays age?

Thai Solar Energy Plc (TSE), believes that “the potential for renewable power plants in Thailand has become unfavourable after energy policymakers have put off plans to buy power generated from renewables for five years.”

Policymakers have further announced that new renewable power producers will equate the feed-in tariff as fossil-fuel power producers, at about 2.40 baht per kilowatt-hour, as their production cost is equal to or lower than their traditional counterparts.

Cathleen Maleenont, TSE’s chairman and chief executive has said that, “The country has no potential to operate a renewable power plant and sell electricity to state utilities because profits will decline under the new rate.”

Some renewable investors operate under a power purchase agreement with the EGAT and Metropolitan Electricity Authority under a business-to-government (B2G) model.  But Ms Maleenont said that “Selling power in the business-to-business (B2B) segment remains of interest to renewable investors because both parties can negotiate on prices and terms.”

“We can invest in renewable power plants in the country for B2B purposes, but there is less business opportunity in the B2G segment,” she said. “For our overseas outlook, TSE is very keen on operating renewable power plants because other governments still offer a high adder rate.”

A TSE-built solar rooftop project in Nakhon Ratchasima. The company is looking to expand its business to provide renewable energy to other countries.  Image supplied by the Bangkok Post

A TSE-built solar rooftop project in Nakhon Ratchasima. The company is looking to expand its business to provide renewable energy to other countries.
Image supplied by the Bangkok Post

TSE Solar plants in Japan

Ms Maleenont said that TSE Overseas Group is in charge of 8 solar power plants across Japan with a total capacity of 176.72 megawatts.

5 of these solar power plants, with a combined capacity of 6.99MW, have already secured income with a feed-in tariff of ¥36 yen (10.41 baht) per kilowatt-hour to sell electricity to Japan’s state utilities on a 20-year long contract.

What do you think about this, and the fact that TSE have said that there has been a decline in renewables? Do we want to set good examples of using renewable and green energy, or do we still want to be consuming and using fossil fuels?

We believe in the future of renewable and solar energy power generation.

Lets us know at Eyekandi-Solar, we’re interested in what you think!