Conergy is constructing is another large-scale solar project in Thailand with a total capacity of 21 megawatts. This is the third consecutive project for the Bangkok-based Siam Solar Energy 1 Co., Ltd. (SSE1), a subsidiary of Thai Solar Energy Company Limited (TSE). Conergy has closed power plants for SSE1 with a total capacity of more than 70 megawatts since the fall of 2012. With an order volume of more than 100 megawatts in Thailand, the PV solution and service provider has secured a market share of around 20% and captured market leadership.
“Solar power plants are an attractive asset for investors. We are making good progress in extending our large-scale project business,” said Conergy CEO Dr. Philip Comberg. “Solar power plants are becoming an increasingly attractive asset class for funds, financial investors and strategic industrial clients. Together with this group of investors and Kawa as our asset management parent we want to increase our volumes even further, especially in growth markets such as Asia and North America.”
The two new solar power plants, each with a capacity of 10.5 megawatts, are located in the provinces of Suphanburi and Kanchanaburi in western Thailand, 130 kilometers from Bangkok. Conergy will act as general contractor for this large-scale order, assuming responsibility for the entire planning, engineering and design as well as for the supply of the components and the installation. Conergy is working with its longtime local partner Ensys on the construction of the two solar plants, which will cover about 370,000 square meters in total – an area larger than 50 soccer fields.
SSE1 CEO Cathleen Maleenont said, “We place emphasis on 100% quality and efficiency. We are delighted about our renewed collaboration. We are impressed with Conergy’s leading quality standards with each new power plant. With this project we will expand our solar capacity to 85 megawatts AC in total. This entails a 17-fold increase in one year. For our solar portfolio, selecting systems with the highest quality and efficiency is paramount and with Conergy we have found exactly the kind of strong partner needed for planning and implementing our solar projects.”
Once construction for these two new parks is completed in autumn 2013, the nearly 84,000 Conergy “P Series” modules installed on more than 80 kilometers of Conergy SolarLinea mounting systems, will generate over 30,000 megawatt hours of clean electricity each year. The solar parks can provide for around 14,000 households in Thailand. Additionally they will avoid an annual amount of about 16,500 tons of carbon emissions per year, which is more than what could be absorbed by a 1,600 hectare forest in the same time period.