Tag: eyekandi solar

19
Jan

Nexif Energy to supply EGAT with 110MW

The energy project could reach the financial close by the first quarter this year.

Nexif Energy has announced that it has signed an engineering, procurement and construction contract for its 110 megawatt (MW) cogeneration project in Rayong Province, Thailand’s. Nexif was granted the project in June 2017 and is making progress fast, towards achieving financial close by the end of March 2018.

The project is set to provide electricity to the Electricity Generation Authority of Thailand (EGAT) under a 25-year power purchase agreement and supply energy to Asian industrial customers. It will be financed by a group of leading investors on a non-recourse basis with Standard Chartered Bank at the forefront of the financing section.

Nexif Energy providing power in Thailand

Nexif Energy providing power in Thailand

Ravi Chandran, Executive Vice President at Nexif Energy, stated, “Our project is well structured, as it is underwritten by a long term PPA with creditworthy off-taker, has long term gas supply contracts with a leading gas supplier and has the ability to supply electricity and steam to industrial customers. We look forward to completing remaining permitting and financing by first quarter 2018.”

The turn key engineering, procurement and construction fixed price  Contract was signed by a group of Korean construction companies consisting of Doosan Heavy Industries & Construction Co., Ltd (“Doosan”) and SC Engineering Co., Ltd. It includes the supply and build of a General Electric 6FA gas turbine operating in combined cycle with a Doosan DST-G20 steam turbine.

 

16
Jan

Southeast Asia’s solar industry thrives despite market expectations

The solar explosion may be diminishing in some countries, but definitely not in Southeast Asia.

When forecasters noticed slower solar PV installations worldwide in 2017, when developed markets neared saturation, it put investors under loads of stress to determine whether Southeast Asia would be the next fountain of solar growth. Analysts can speculate the potential of this region of approximately 600 million people, especially as governments and developers have started to understand the strict regulations, outdated technology and poor infrastructure that has been diminishing the investment in the Southeast Asian solar projects. But the sheer amount of work to be done puts the region a long way off from reaching a solar renaissance.

“As renewables markets mature, renewables investors are looking to new markets for their next source of growth. Solar PV generation has great potential and has been the most attractive renewable energy source amongst the Southeast Asian nations,” said Eric Ho, director at Renewable Energie Singapore. “Growth prospects are tremendous in Southeast Asia with a combination of fast-growing economies with resulting investment in manufacturing, transportation and energy infrastructure, rapid growth in electricity demand and good solar resource,” he further stated, noting that annual solar radiation levels in the region ranges from 1,460 to 1,900 kWh/m2 per year.

Asian Power: Southeast Asia's solar industry thrives despite market expectations

Asian Power: Southeast Asia’s solar industry thrives despite market expectations

Feed in Tariff to expand and Thailand to be the role model

Feed-in tariff (FiT) schemes have been helpful to the solar PV growth in Southeast Asia. In Thailand, which is by far the largest producer of solar energy in the region as there is strong government support, solar capacity has increased in the past three years, from 1,299MW in 2014, and 2,021MW in 2015, to over 2,800MW in 2016, which is higher than those of all other Southeast Asian countries combined. Thailand is not looking to slow down its solar PV expansion anytime soon. They have a target to have installed 6,000MW by 2036. The country is also becoming a regional role model for Southeast Asian nations that are starting to scale up their programs.

“Because of Thailand’s experience with large solar farms and its promoting policies, it forms a hub for PV testing services and a source for information. Solar energy projects are offered the highest feed-in tariff (FiT) subsidies,” said Ho. “In the past years, several FiT programs for smaller solar energy projects were created with very attractive rates. By giving the highest FiTs to the smallest producers, the government aimed to promote green energy communities and small-scale rooftop programs.”

Investors are also heading over to the Philippines, which, since the launch of the FiT program a few years ago, had no solar industry. The fast pace of Solar expansion in the Philippines, made them one of the the top 10 markets in the world. “The FiT program drove solar PV development in the Philippines into high gear,” Ho noted. “Solar PV is expected to reach 3 GW of utility solar by 2022.”

Dave Maslin, country manager for OWL Energy, believed that the FiT process generated investor interest when it was first shown but it was far from perfect. It was believed that the process had problems with transparency and guidance. “After securing a service contract and Department of Energy (DOE) approval on its commerciality, the project developers were caught in a limbo: It had no obligation to proceed but had the go-signal to begin construction.”

Solar in Southeast Asia, Thailand in particular, is thriving. In order for you to jump on the band wagon, get in contact with us and we’ll help you to get set up.

Click here to read more about ‘Southeast Asia’s solar industry thrives amidst dimming market expectations’.

29
Dec

BCPG Renewable Energy and the Blockchain

A SET-listed renewable power arm of oil refiner and retailer Bangchak Corporation Plc (BCP), is employing the blockchain to trade and supply Thailand with electricity, says the president and chief executive of BCPG Bundit Sapianchai.

BCPG recently signed an agreement in Bangkok with Perth-based Power Ledger to bring person-to-person renewable energy trading to Thailand and Southeast Asia.

Mr Bundit and Mr Martin signed an agreement with Power Ledger to jointly develop solar power and micro grid systems.

Mr Bundit and Mr Martin signed an agreement with Power Ledger to jointly develop solar power and micro grid systems.

Mr Bundit said BCPG plans to set up the first micro-grid in Bangkok, which will be the first in Southeast Asia to be used by the leading property developer, Sansiri Plc, for its T77 project.

The T77 project will span 80 rai. The first project with a distributed power grid is expected to start operations by mid-2018.

“The Power Ledger energy-trading platform allows building managers to trade renewable energy from solar panels installed at each building with autonomous financial settlement enabled via the use of a secure banking interface,” said Mr Bundit.

If you’re interested in Blockchain technology and how the renewable energy industry is moving forward with it, clock here to read the full article on the Bangkok Post website.
Here at EyeKandi-Solar would love to hear from you and what your thoughts are on the blockchain and paying for your energy this way.

Click here to contact us

21
Dec

Schneider Electric to go 100% renewable by 2030

Eyekandi-Solar supports Schneider Electric in the decision to become 100% renewable by 2030.

“The French energy management and automation company plans to use on-site projects, contracted off-site projects and clean energy credits to meet its new 100% goal.”

As there is an increase in the movement towards powering the world with renewable energy, it’s incredible that large corporations are now spearheading this movement.

The French energy management and automation company Schneider Electric announced recently that it would join the ranks of the tech giants Google, Facebook, Microsoft and Amazon, and strive to power 100% of its global operations with renewable energy by 2030.

schneider_electric_building_latam

Schneider Electric already has rooftop solar in place at facilities in India, Thailand and its headquarters in France. However, the company notes that even as it plans to add more rooftop PV, this will only meet a portion of its total demand.

“Schneider Electric strives to answer the world’s new energy challenge by boosting energy efficiency everywhere: in homes, buildings and cities, industry, the grid, and throughout remote communities,” reads a press statement by the company. “In a world more decarbonized, more digitized, and more decentralized, energy use needs to be more productive.”

Click here to get a quote from Eyekandi-Solar, so you can also jump on the renewable energy bandwagon!

19
Dec

Toshiba lands 6-MW solar panel deal in Thailand

Toshiba Corp

Toshiba has a very impressive record of success in the renewable energy sector, supplying diverse technologies in the fields of system connections and system stabilisation.
Based on this vast experience and trust in the industry, Toshiba photovoltaic systems are now available worldwide.
Toshiba is contributing to society by creating a prosperous tomorrow through next-generation green energy. They recently unveiled a contract to deliver 6 MW of solar panels in Thailand, saying this is its biggest order of its kind in the Asian region.

The deal, the value of which was not disclosed, was awarded by Thailand-based Eight Solar Co Ltd to Toshiba Energy Systems & Solutions Corp.

The equipment will be used in rooftop projects involving six stores within the Home Pro home improvement chain, in line with its plans to lower its dependence on conventional power supply and reduce its carbon dioxide (CO2) emissions.

Toshiba Corp Solar Project in Thailand

Toshiba Corp Solar Project in Thailand

Toshiba and Home Pro

So far, the following Home Pro stores have Solar Rooftop PV Panels installed: Suratthani, Chumphon, Khaoyai, Lopburi, Phrae, Ratchaphruek, Akekamai-Ramintra.

Toshiba noted that it will support Thailand in its efforts to “realise a low carbon society and stable power supply.” The country, which is heavily reliant on fossil fuels, aims to increase the share of solar power to 25% by 2021.

Like Toshiba, Eyekandi-Solar is motivated to assist in the reduction of fossil fuels, by installing PV panels, and Solar arrays where needed.

Contact us here for a quote.

14
Dec

Wind, Solar and Renewable projects on the Climb in Thailand

A recent report by the International Renewable Energy Agency (IRENA) and the Thai ministry of energy found that renewable energy could account for 37% of the country’s electricity by 2036.

Currently, around 18% of Thailand’s power is generated from renewable sources. The bulk is generated from fossil fuel products, with natural gas, condensate and crude oil, and coal accounting for 67% of total energy production.

wind-turbines thailand business news

2017 has been a positive year for renewable energy throughout the Asia Pacific, with the price and cost of power declining throughout the region.  This is due to the decline in tariffs and the price of generating equipment.

By the year 2040, there will be US$10.2 trillion invested in new power generation capacity worldwide, of which US$4.8 trillion will be in Asia.  In Asia, one-third of this investment will be in wind power, one-third in solar, with 18% going to nuclear and 10% to coal and gas.

This is incredible feedback. Eyekandi-Solar has now jumped on board in order to supply the best solar installation service to the Thai region.

 

11
Dec

Enerray to build one of the biggest roof-top PV systems in Thailand

Enerray is a solar power company, leader in the design, construction and management of medium and large photovoltaic systems, both for third-party systems and proprietary systems.

Enerray UAC Thailand

Surat Thani roof top array by Enerray UAC Thailand

Surat Thani roof top array by Enerray UAC Thailand

Enerray-UAC Thailand (UAC.SET) will be building one of the largest roof-top photovoltaic systems in Thailand, with a total capacity of 2.5 MWp, enough to meet the annual energy needs of 1,400 Thai households and avoiding the emission of around 1,800 tonnes of CO2 into the atmosphere, providing an estimated annual output of 3,500,000 kWh of clean energy.

Enerray UAC Thailand has already built and connected different roof-top photovoltaic systems, therefore contributing to the development and expansion of renewable energy in the country.

Enerray UAC was established last year as a joint venture between Enerray S.p.A.,the Italian company,  a subsidiary of the Maccaferri Industrial Group, and UAC Global Public Company Limited, a Thai listed company. The purpose of this subsidiary is to apply the outstanding technologies services and procedures to the Asian market.

Read further to find out about the expanding Solar industry in Thailand by Enerray and how Eyekandi-Solar is assisting in the process.

08
Dec

Solar Prospects are Bright in Thailand

Solar prospects are becoming brighter, despite the dim policy. Declining costs and other incentives are proving to be beneficial to the renewable energy sector.

Workers install solar panels on a house, which can help residents cut down on their electricity bills. WEERABOON WISARTSAKUL

Workers install solar panels on a house, which can help residents cut down on their electricity bills. WEERABOON WISARTSAKUL

With the cost of installing solar rooftops dropping substantially and energy firms offering several types of business models to encourage consumers, home and building owners are taking advantage of the clean power source, even as energy policymakers have not yet finalised regulations to let private solar rooftop owners sell power to state utilities.

Owners of factories, buildings and residences have installed solar rooftops to produce their own power and cut back on expenses.

With falling development costs, the break-even period for those who have invested in solar power has shortened from 15 years in 2012 to eight years in 2016 to five years now, said Prof Dusit Kruangam, chairman of the Thai Photovoltaic Industries Association.

The current trend should make renewable energy a viable competitor with fossil fuels within a decade.

This price decrease has a huge impact in the solar industry. Eyekandi-Solar is right behind you to offer the best service and solar installation in Thailand.

Click here to contact us for a quote, and read this article further to find out more.