Thailands businesses go for the sun - Solar energy is competitive!

Energy Press Releases Friday June 16, 2017 11:05
Bangkok--16 Jun--GIZ

The times where solar energy was considered expensive are long gone. "We are now using solar power to lower our production costs. I was surprised myself, but it simply makes economic sense to go solar!", said Mr. Phairat Ueshooyos, Chairman of Star Aire (Thailand) Co., Ltd., at the inauguration of the company's new solar power system. Star Aire is directly consuming the green electricity produced on site instead of buying electricity from the public grid. The one megawatt generation facility saves the company approximately 500,000 THB every month even without any specific government subsidy for solar energy. The seven year payback period of the system was reduced even further to 3.5 years using only a general industry tax exemption mechanism that Thailand is offering to promote investment in different sectors.

What is true for the Star Aire factory applies to many other businesses across Thailand. Largely unnoticed by the general public, solar energy is now proving its economic viability in the commercial and industrial sectors: solar energy is competitive today. "Recently we received a lot of requests from industrial and commercial clients that want to use solar to power their production sites," says Apilak Ketmanee Managing Director of BISReZeca, the system integrator of the Star Aire solar power plant. "They don't want to miss out on this opportunity to save money and help mitigate CO2 emissions."

The solar energy system in Nonthaburi features components made in Germany, which benefit from an excellent reputation and ensure longevity of the system. BISReZeca and Star Aire paid a lot of attention to select the right partners and components. Thai installation know-how combined with German components is a recipe for success and the Renewable Energy Project Development Programme (PDP) under the implementation of the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH will monitor the performance of Star Aire's solar system to track how much solar energy is produced. The project owner and developer are convinced that more solar systems will be installed in Thailand in the coming months and years.


Latest Press Release

BGRIM Power plants move on to meet June 2021 on-stream date

B.Grimm Power Plc ((BGRIM) confirmed that its two major power projects, with a combined generating capacity of 240 megawatts, will proceed as planned despite a change of location. BGRIM President Preeyanart said shifting of the project site, from...

Chinese solar panel manufacturer Risen Energy signs mandate letter with EBRD for financing its 63MW solar project in Kazakhstan

Leading Chinese solar panel manufacturer Risen Energy Co., Ltd. signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing construction a 63MW solar project in Kazakhstan during the 27th annual meeting of EBRD...

Floating nuclear power unit Lomonosov has arrived in Murmansk to be loaded with fuel

Akademik Lomonosov, the nuclear floating power unit (FPU), has been moored in Murmansk where it was towed from Saint Petersburg to be loaded with fuel. Once loaded with fuel Lomonosov will be towed to the town of Pevek in Chukotka (Russian Far East)...

PTT continues its safety tradition staging the 27th Safety Day at Khonkaen petroleum terminals.

Abiding by quality, safety, occupational health and environment standard in every working process as well as cultivating safety awareness to local community and children. On May 22nd, 2018 at Khonkaen petroleum terminal, Mr. Santi Laoboonsangiem, Vice...

Venture Global LNG enters into LNG Sales and Purchase Agreement with BP for 2 Million Tonnes Per Year

Venture Global Calcasieu Pass, LLC, a subsidiary of Venture Global LNG, Inc., and BP (BP LN) have entered into a 20-year Sales and Purchase Agreement (SPA) for the supply of two million tonnes per annum (MTPA) from the Venture Global Calcasieu Pass LNG...

Related Topics