Australian CBD Energy to Build 64MW Solar Park in Thailand

Construction News News
CBD Energy to build solar park in Thailand

CBD Energy Limited today announced an agreement with Environmental Engineering Group Thailand (EEG) to construct a 64MW solar park with a projected development cost of approximately $112,000,000. The project is supported by a 25-year power purchase agreement with the Thai Provincial Electricity Authority.

CBDE estimates it will earn pre-tax profit of $6,080,000 from the project’s construction, which is expected to be pre sold to a Singapore-based financial institution. These estimated pre-tax profits are in line with those derived from a previous project completed by CBDE in Thailand. CBDE anticipates these earnings will be recognized during the 2015 calendar year.

CBDE has experience in Thailand, having previously successfully developed and operated a $25,000,000 solar farm in Chonbun province near Pattaya. Thailand has increased its commitment to solar energy investment by 50%, pledging to meet 25% of the country’s total energy demand from renewable sources. The country ranks among a handful of emerging solar markets that are gaining major momentum in the solar industry. CBDE markets its residential and commercial solar installations under the name Westinghouse Solar.

– Source: http://www.solarnovus.com/australian-cbd-energy-to-build-64mw-solar-park-in-thailand_N8012.html

Leave a Reply