Bangkok--19 Mar--Hill & Knowlton
Conergy Singapore (a global manufacturer of high-performance crystalline solar modules, power inverters and mounting systems), Yanhee Solar, a newly formed developer of large-scale solar power plants in Indochina, and Annex Power, a renewable energy engineering services company, have formed a consortium to construct Thailand’s largest private solar power plant. The megawatt park is situated in Ayutthaya, 70 km north of Bangkok.
The plant is expected to produce 4,471 megawatt hours of clean energy annually, while also saving at least 1,971 tons of carbon emissions per year. The 3 MW plant will be built in two phases. The first megawatt will be installed in Phase 1 which is scheduled for completion in Q2 of 2010. Phase 2 will cover the next 2 MW which is expected to be completed in Q4 2010. Power generated from the plant will be fed to the electricity grid of the Provincial Electricity Authority (PEA) of Thailand. Once completed, this solar plant will be the first private commercial megawatt project in Thailand and the largest privately-held solar plant in Southeast Asia.
Strong Tri-Party Consortium
Under the consortium agreement, Conergy will be responsible for the design, engineering, and components supply of the project while construction and operational management will be carried out by Conergy’s exclusive partner for Indochina, Annex Power. Yanhee Solar is overseeing the project development and financing.
Conergy’s Marc Lohoff: “Yanhee solar park is a milestone for solar in Southeast Asia”
Marc Lohoff, Conergy’s Managing Director for Asia Pacific and the Middle East states: This 3 MW installation is a key milestone for the solar sector in Asia. We’re excited to work for Yanhee and look forward to supporting Thailand’s campaign to develop a strong infrastructure for renewable energy.”
Dr Supot Sumritvanitcha, Manager Director of Yanhee Solar, adds: “Yanhee Solar is committed to push forward renewable energy technologies. We selected Conergy and Annex Power because of their superior solutions and broad global experience. For our first venture into the energy sector, we wanted to partner with established industry leaders, making this consortium the obvious choice.”
Asia to account for nearly 20% of 2010’s worldwide new installed capacity
Solar energy has been rapidly gaining momentum in Asia within the last few months — and it will continue to grow rapidly in the future. According to a forecast made by the experts of Sarasin Bank Asia will account for more nearly 20% of 2010’s worldwide new installed PV capacity. One of the most promising markets will be India with an estimated market growth of 98%. Most governments in the region have publicly announced ambitious plans to switch to alternative energy sources and reduce the impact of power generation to the environment. These national energy programs apply a comprehensive approach to stimulate investment in renewable energy including income tax holidays, customs & duty exemptions, attractive feed-in-tariff subsidies and guaranteed access to the electricity grid.
Thailand, in particular, is poised to experience extraordinary growth this year. In 2010 it is expected to more than double its installed base of PV systems. Thailand’s goal is to provide 20.4 percent of the country’s energy requirements from renewable resources by 2022. A feed in tariff or “adder” rate of up to 9.50 baht/kWh for solar energy was introduced last year to encourage more power generation from renewable energy. The Thai market has since responded very favorably, with first-phase approvals for PV generating facilities rising to 1 GW.
From Photo
Dr. Ladavadee Sumritvanitcha, Assistant Managing Director for Yanhee Solar (1st from left), Dr Supot Sumritvanitcha, Managing Director for Yanhee Solar (2nd from left), Mr. Marc Lohoff, Managing Director for Conergy Asia Pacific & Middle East (3rd from left) and Mr. Daniel Gaefke, Managing Director for Annex Power (4th from left) in the contract signing event for the 3 MW solar plant.
About Conergy Group
Hamburg-based Conergy AG is one of the leading firms in solar system integration, with around 1,700 employees in 14 different countries, spread over four continents. Conergy develops and produces crystalline solar modules, power inverters and mounting systems at three locations in Germany. In this way, Conergy is able to offer its customers the levels of quality associated with German technology, as well as its own complete range of components for solar equipment. In addition, Conergy develops, finances and installs solar equipment as well as parks and works on large-scale renewable energy projects that fall outside its core sector of photovoltaics.
Since its foundation in 1999, Conergy has converted over 1.25 gigawatts of renewable energy, almost 1 gigawatt of which has come from solar energy. Conergy has been listed on the Frankfurt stock exchange since 2005 (ISIN: DE 00060 40025) and has been pursuing a growth strategy in the alternative energy markets of the future. For more information, visit http://www.conergy.com.
About Yanhee Solar
Yanhee Solar is a newly formed renewable energy investment and development group based in Thailand. The company is currently building a 3 MW solar power plant in Ayutthaya. Yanhee Solar was founded by Dr Supot Sumritvanitcha, a pioneer in the beauty and wellness sector in Thailand.
About Annex Power
Annex Power is a leading renewable energy group covering the Indochina region. With significant local and international experience, Annex brings a proven track record of reliability and performance to solar, wind, biomass and biogas projects. Annex utilizes only the highest value products, components, and engineering standards to help generate clean energy for homes, businesses, and utilities. With headquarters in Bangkok, Annex provides solutions throughout Thailand, Vietnam, Cambodia and Laos. For more information, visit http://www.annexpower.com.
For More information, please contact
Nuphee Pornmongkonsuk
Tel: +66 (0) 2 660 6802
Fax:+66 (0) 2 660 6899
Email:
[email protected]
www.annexpower.com
Annex PowerLTD.
Rachit Puttipong
Hill & Knowlton Thailand
Tel: 0-2627 3501 ext 204
Fax. 0-2627 3545
Email:
[email protected]