Smart Green Energy Co announced a combined investment of 12.1 billion baht for three solar farm projects over the next two years.
Chief executive Deeanek Boonsima said the projects will have a combined capacity of 79 megawatts.
Bangkok Bank agreed to finance the construction together with Bangkok Solar Power, which supplies solar cells and will be the project contractor.
Smart Green Energy has started developing the first project worth 4.6 billion baht in Chaiyaphum’s Bamnet Narong district for a 27-MW farm on 700 rai. Commercial operation is expected in December.
The second project will be in Roi Et province, with investment value of 2.5 billion baht for 12 MW of capacity. Commercial operation is scheduled to commence in 2013.
The third project worth 5 billion baht will be located in Khon Kaen. With a capacity of 40 MW, it is also set to start operations in 2013.
The Provincial Electricity Authority has agreed to buy electricity from the projects with an adder tariff of 11 baht per kilowatt-hour on average.
Source and Read more: http://www.bangkokpost.com/business/economics/276525/smart-green-plans-b12bn-solar-outlay