Thai Energy Absolute guides for improved 2017 results thanks to wind, PV – report

Thai Energy Absolute guides for improved 2017 results thanks to wind, PV - report

Thailand-based renewable energy firm Energy Absolute PCL (BKK:EA) expects its revenues to reach THB 14 billion (USD 390m/EUR 360m) in 2017 thanks to contributions from the 216 MW of solar and wind parks it will put online this year, Bangkok Post said Tuesday.

In comparison, the company expects that its top line result for 2015 will meet its THB-9-billion projection for the year, CEO Somphote Ahunai was cited as saying. As for 2016, Energy Absolute forecasts an annual income of THB 13 billion in total, according to the report.

In the solar power segment, the firm is currently working on a 90-MW photovoltaic (PV) plant in the city of Phitsanulok, which is due for completion by March. It also plans to hook to the grid two wind parks with a combined capacity of 126 MW in Nakhon Si Thammarat and Songkhla through June.

At present, Energy Absolute owns and operates three solar parks totalling 188 MW. It also plans to soon break ground on a 260-MW wind farm in Chaiyaphum province with commercial operations scheduled to kick off in 2018. In addition, the renewable portfolio of the company also covers certain waste-to-energy and biodiesel production schemes.

(THB 10 = USD 0.279/EUR 0.257)
Source: https://renewables.seenews.com/news/thai-energy-absolute-guides-for-improved-2017-results-thanks-to-wind-pv-report-510476