Thailand's largest solar energy company plans to invest 11.12 billion yuan in wind power projects in Vietnam

Superblock, Thailand's largest solar energy company, plans to invest 56 billion baht (about 11.
12 billion yuan) to install 700 MW of wind farms
in Vietnam.

Thailand's largest solar energy company plans to invest 11.
12 billion yuan in wind power projects in Vietnam

Jormsup Lochaya, president of Superblock, said that the first phase will invest 20.
7 billion baht (about 4.
11 billion yuan) to build three nearshore wind farms, namely the 142 MW project in Bhang Lieu province in southern Vietnam, the 98 MW project in Soc Trang province and the 100 MW project
in Kin Ou province.

Construction of the three wind farms has already begun and is expected to be operational
by 2020.

The 360 MW capacity of the second phase will also be completed in the three provinces and will start construction
after the completion of the first phase.

Vietnam's young population, economic and industrial growth will increase the country's electricity consumption by 10% per year, making it an important market
.
Vietnam wants to meet this demand
with less air pollution.

"Vietnamese want clean and affordable energy, and this is driving the growth of
renewable energy.
" Jormsup said: "Renewable energy costs are lower and the government has a clear policy
to support renewable energy.
”

According to the Vietnamese government, the country's wind power capacity is currently 140 megawatts, and the target is 6,000 megawatts
by 2030.

Financing for the Vietnam project will come from Superblock's general contracting partner, a state-owned Chinese construction company
.

Jormsup said it was considering additional investment in a 50-megawatt solar farm in Vietnam and would make a full decision
in the second quarter of this year.

In addition to Vietnam, Superblock plans to expand wind and solar capacity
in Cambodia, Laos, Myanmar, the Philippines, Indonesia and Malaysia.
The company's goal is to increase revenue by 25% per year and contribute 20%-30%
to overseas revenue.

"We want to be regional players
.
" Jormsup added that the company is considering acquiring renewable energy companies in Southeast Asia and is also studying projects
in China, Japan and Australia.

Thailand is the largest solar power producer
in Southeast Asia.
According to International Renewable?? In 2016, Thailand was among the top 15 in the world, generating more than 3,000 megawatts
, according to the energy agency.

Superblock has 760 megawatts of solar capacity, with 695 megawatts of wind projects awaiting government approval
.

Note: This article uses the real-time exchange rate of 1 baht = 0.
1986 RMB

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