First Floating Solar Power Plant by GreenYellow is Launched in Thailand

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First Floating Solar Power Plant by GreenYellow is Launched in Thailand

First Floating Solar Power Plant by GreenYellow is Launched in Thailand

GreenYellow Thailand, asubsidiary of GreenYellow group specializing in solar energy production and energy efficiency solutions, has just launched its first floating solar power plant in Thailand. The 2 MWp plant was installed at the facilities of SPM Group — a key player in feedmill industry in the country.

With more than 6,000 solar panels taking up a space of 1.6 hectares on a 4.3-hectare pond, the plant will generate 2.8 GWh of low-carbon electricity per year, covering up to 20% of the factory’s annual energy consumption. In addition, as the price of solar electricity sold to SPM is significantly lower than the electricity grid, this project will enable SPM to make significant savings on its monthly electricity bill. SPM will further benefit from GreenYellow’s maintenance and monitoring system with no fee charged.

This solar floating solution also offers better performance in terms of energy production, since the water helps to cool the installation. It also enables SPM Group to make the most out of its underutilized pond.

“For the past 2-3 years, we are seeing a clear trend in the solar market with the Commercial and Industrial customers choosing the Private PPA model where they outsource the capital expenditure (CAPEX), the hassle and the operational risk to independent power producers (IPPs) like GreenYellow. This allows them to generate significant energy savings and focus their time and money on their core business.” said Frank Gluck, CEO of GreenYellow Thailand and Asia.

GreenYellow strengthens its footprint and portfolio in Thailand with this first floating solar power plant project: its expertise now includes rooftop, ground-mounted, carport, and floating solutions, with a proven track-record of more than 100 secured projects over the past three years.

About GreenYellow

GreenYellow Thailand is a solar energy producer and energy efficiency solutions provider, offering technical and financial solutions with no investment cost to its clients, to help them reduce their electricity expenses. GreenYellow started its activities in Thailand in 2017, and has secured more than 77 MWp of solar projects across the country with large renowned brands like CP All, Siam Makro, Tipco, Royal Porcelain, Valeo, and many more leading industrial players across various industry segments. GreenYellow has established a position in the top 3 of the Solar Private PPA players and invested more than 1,500 million Baht in Thailand.

GreenYellow Thailand is part of GreenYellow Group, which has offices in 10 countries across the globe (France, Thailand, Cambodia, Vietnam, Colombia, Brazil, Madagascar, South Africa, Senegal, Morocco), employs nearly 450 employees worldwide, and operates more than 250MWp of solar PV projects.


About SPM Group:

SPM Group is a leading agro-industry business in Thailand, providing a full range of animal feed and meat production. The company’s current business can be divided into 5 groups: animal feed, ranch, meat, alternative energy, inspection and analysis service (Lab Service). All production processes of SPM Group are controlled in accordance with international standards such as GMP and ISO9001.