Solar sparks fly: SPCG revs as much as electrify Eastern Economic Corridor

After nearly two years of delay, SPCG, a leading photo voltaic farm developer in Thailand, is ready to begin construction of solar farms within the Eastern Economic Corridor (EEC). SPCG anticipates generating a combined power capacity of 500 megawatts. The delay was due to the must determine suitable areas for the venture and awaiting the license approval from the new secretary-general of the EEC Office.
SPCG has identified and procured sixty one areas throughout the EEC, covering 3,000 rai of land at an approximate value of 3 billion baht (US$82,988,000). The EEC, which incorporates components of Chon Buri, Rayong and Chachoengsao provinces, is projected to become the nation’s high-tech industrial hub, housing 12 focused S-curve industries.
The solar farm initiative necessitates an initial funding of 12 billion baht for the primary development part, which will generate a capacity of 300MW. A subsequent 8 billion baht is planned to be invested for the second part, including an additional 200MW capability, reported Bangkok Post.
Wandee Khunchornyakong, the CEO of SPCG, foresees an annual income of 1.5 billion baht once the primary phase of photo voltaic farms becomes operational. The income is predicted to surge to 2 billion baht yearly post-completion of the second phase.
In a separate growth, SPCG has joined forces with Innopower Co, an energy developer operating beneath the state-run Electricity Generating Authority of Thailand, to review its 36 solar farms across Thailand.
Expires is a half of the company’s aspiration to take part within the Renewable Energy Certificates (REC) scheme. The REC is a financial incentive designed to encourage energy plant house owners to generate electricity from clear fuel.
Each REC, symbolising 1 megawatt-hour of renewable vitality technology, may be traded as an power commodity. The mixed capacity of the solar farms beneath review by Innopower Co is 260MW.
Wandee anticipates the graduation of REC commerce within the fourth quarter of this year. As a part of its rooftop photo voltaic panel business, the company also intends to sell RECs. SPCG has already installed photo voltaic panels for over 200 corporations nationwide.
Internationally, SPCG has plans to speculate 1.thirteen billion baht within the construction of the 480MW Ukujima Mega Solar Farm, which is currently underway. The project is anticipated to initiate commercial operations by July 2025.
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