Constant Energy, a renewable electricity generation and storage investment platform with offices in Thailand and France, announced on 29 March that it has executed a Memorandum of Understanding (MOU) with Siam Cement Group (SCG) to deploy 50 MW of solar PV plants under Corporate Power Purchase Agreements for numerous factories of the Group in Thailand, along with several companies that SCG will introduce to Constant Energy.
Siam Cement Group is a leading business conglomerate in ASEAN region. SCG was established in 1913 following a royal decree of His Majesty King Rama VI to produce cement, the main building material for Infrastructure projects that greatly contributed to the progress of the country during that period. It is 30% owned by the Crown Property, the quasi-government agency responsible for managing the property of the crown of the Kingdom of Thailand.
The target is to deploy and commission the solar PV plants over the next 3 years, through rooftop-based, ground-mounted, and floating solar PV plants located in multiple provinces across Thailand (such as Saraburi, Lopburi, Samut Prakan, Rayong, Songkhla, Buriram).
Engineering of the first solar PV plants has already started, and the pre-construction permitting and licensing process will be handled in the second quarter this year, followed by construction. The renewable power generation from the 50 MW of solar power will result in reduction of CO2 emissions of approximately 47,900 tons per year.
(Source: Constant Energy; Renewables Now)
