Solar sparks fly: SPCG revs up to electrify Eastern Economic Corridor

After practically two years of delay, SPCG, a quantity one solar farm developer in Thailand, is about to begin construction of solar farms within the Eastern Economic Corridor (EEC). SPCG anticipates generating a combined energy capacity of 500 megawatts. The delay was due to the must identify suitable areas for the project and awaiting the license approval from the new secretary-general of the EEC Office.
Tools has identified and procured sixty one areas inside the EEC, masking 3,000 rai of land at an approximate value of 3 billion baht (US$82,988,000). The EEC, which incorporates components of Chon Buri, Rayong and Chachoengsao provinces, is projected to turn into the nation’s high-tech industrial hub, housing 12 targeted S-curve industries.
The photo voltaic farm initiative necessitates an initial investment of 12 billion baht for the primary growth part, which will generate a capacity of 300MW. A subsequent eight billion baht is deliberate to be invested for the second phase, including an extra 200MW capacity, reported Bangkok Post.
Wandee Khunchornyakong, the CEO of SPCG, foresees an annual revenue of 1.5 billion baht as soon as the first part of solar farms becomes operational. The revenue is predicted to surge to 2 billion baht yearly post-completion of the second section.
In a separate improvement, SPCG has joined forces with Innopower Co, an power developer working underneath the state-run Electricity Generating Authority of Thailand, to review its 36 photo voltaic farms across Thailand.
This is part of the company’s aspiration to participate in the Renewable Energy Certificates (REC) scheme. The REC is a monetary incentive designed to encourage power plant owners to generate electricity from clear gas.
Each REC, symbolising 1 megawatt-hour of renewable vitality era, can be traded as an vitality commodity. The mixed capability of the photo voltaic farms beneath evaluate by Innopower Co is 260MW.
Wandee anticipates the graduation of REC commerce in the fourth quarter of this 12 months. As part of its rooftop solar panel enterprise, the company also intends to sell RECs. SPCG has already put in photo voltaic panels for over 200 firms nationwide.
Internationally, SPCG has plans to take a position 1.13 billion baht within the construction of the 480MW Ukujima Mega Solar Farm, which is currently underway. The project is predicted to provoke industrial operations by July 2025.
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