Enserv Group Co, a Thai renewable energy provider and Korea Electric Power Industrial Development Co (KEPID) intend to install over 1 GW of solar and energy storage facilities in Thailand in a THB-40-billion project.
The Bangkok Post has reported that these two companies have signed a memorandum of understanding, quoting Enserv’s CEO Thanachat Pochana. He said that the goal of the project is to install renewable energy and storage capacity that will make Thailand’s power grid more sustainable.
Enserv, which is prominent in the solar power sector, has more than 258 MW of photovoltaic parks in Thailand, which operate under power purchase agreements (PPAs) with the Thai Provincial Electricity Authority. The company is also engaged in research and development in the energy storage segment, biofuel production and energy trading innovation.
KEPID focuses on reading and recording electricity meters, and delivering electricity bills in South Korea. The company also operates and maintains coal fueled power plants, operates flue gas desulfurization systems and recycles fly ash, purchases and compensates plant sites, and constructs, runs, and leases multi-purpose buildings.
Read more about the Thai renewable energy plan and other interesting facts about Solar Power in Thailand on our website.