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

Cepsa and Masdar Join Forces to Expand their Renewables Businesses Internationally

- Both companies have complementary expertise to work together in developing projects in Spain, the Middle East, North Africa, Latin America and Europe - The collaboration reflects the constant search for synergies among Mubadala group businesses - The...

PTT Group - RISE launched #D-NEXT program to accelerate ASEAN startups

Today (18 January 2018), Mr. Chansin Treenuchagron, Chief Technology and Engineering Officer, PTT Public Company Limited and Chairman of the Board, PTT Digital Solutions Co., Ltd., presided over the opening ceremony of the Accelerator Program named...

Bee#ah to Add 50 All-electric Tesla Semi Trucks to its Transport Fleet

- Bee'ah is also bringing Tesla's world-leading Powerpack Battery Technology to its state-of-the-art net zero energy headquarter In line with its efforts to provide a better quality of life in the Middle East, Bee'ah, the region's fastest growing...

Carroll County Energy Begins Commercial Operations

Advanced Power today announced commercial operation has begun at its 700-megawatt Carroll County Energy natural gas electric generation facility. Carroll County Energy is a combined-cycle natural gas electric generating facility built to sell into the...

Photo Release: CCE and WMS Sign Waste Supply Agreement for Industrial-Waste-to-Energy Plant

Waste Management Siam Ltd. (WMS) of DOWA Eco-System Group, Japan has signed an agreement of exclusive contract to supply industrial waste to the 8.63 MW Waste-to-Energy power plant developed by Chonburi Clean Energy Co., Ltd (CCE). Starting from the...

Related Topics