PDI and Canadian Solar sign MOU to develop 200MW Solar PV projects in Asia Pacific

Energy Press Releases Thursday May 18, 2017 14:24
Bangkok--18 May--IR network
PDI and Canadian Solar join forces by signing an MOU to collaborate on the development in Solar PV projects in Asia Pacific; targeting 200 MW installed capacity within 3 years.

On 16 May 2017, at the head offices of Padaeng Industry PLC or PDI, Mr. Francis Vanbellen, Managing Director and Dr. Shawn Qu, President & Chief Executive Officer of Canadian Solar Inc. (CSIQ) co-signed a memorandum of understanding to establish an alliance between both companies aiming to search and develop opportunities for at least 200 MW Solar PV projects throughout the Asia Pacific region within the next three years. The initial markets to be considered are Thailand, Philippines, Malaysia, Lao PDR and Indonesia. Other potential countries will be added during the process.

Mr. Francis Vanbellen, Managing Director of PDI, said "Under this MOU, PDI and CSIQ will mutually consider investment opportunities and will become partners in growing renewable energy business. CSIQ is a global producer of solar cells, with a brand new production plant in Thailand, Chonburi. They are recognized as one of the world's leading developers of solar PV panels. This cooperation is in line with PDI's energy business strategy which focuses on solar energy, with plans to invest in solar farms both in Thailand and overseas".


Latest Press Release

CHINT Group Holds 7th International Marketing Forum in Bangkok to Enhance Global Cooperation

CHINT Group ("CHINT"), a leading Chinese company in the fields of industrial electrical equipment production and clean energy, hosted its seventh International Marketing Forum (CIMF) in Bangkok, Thailand from May 20-23, 2017. The gathering is a step...

ABB at Asian Utility Week 2017

Asian Utility Week is a large-scale expo with a conference designed specifically for Asian utilities who seek to transform their utility business model to include digital enablers. ABB is proud to sponsor this leading digital utility expo that focuses on...

Riding the Wave of the Belt and Road Initiative, LONGi President Li Zhenguo and Malaysian Prime Minister Najib Razak Meet in Beijing

The high-profile International Cooperation Summit Forum on the "The Belt and Road" Initiative has been widely recognized and highly praised by the international community. Taking this opportunity, Malaysian Prime Minister Najib Tun Razak attended the...

Huawei Holds the Fifth Power Summit with Partners in AUW

Showcasing One-Stop ICT Solutions and Sharing International Best Practices in Building Smart Grids As Africa's largest electric power exhibition, African Utility Week (AUW) 2017 is held in Cape Town of South Africa from May 16 to 18. During the...

Photo Release: PTTEP joins the Ministry of Foreign Affairs and U.S. Embassy in the development program for young scientists in Lower Mekong countries

Somporn Vongvuthipornchai, President and Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), joined Witchu Vejjajiva, Deputy Director-General of Department of American and South Pacific Affairs, the Ministry of...

Related Topics