Aisin Group And Constant Energy / Shizen Energy Execute A Corporate PPA For A First Solar Rooftop In Thailand

Constant Energy, in a joint venture with its Japanese partner Shizen Energy, is pleased to announce that it has executed a long-term Power Purchase Agreement for a first rooftop-based solar PV plant with Aisin Thai Automotive Casting, a joint venture between Aisin Seiki Co., Ltd. (Japan) and Toyota Tsusho (Thailand) Co., Ltd. This solar rooftop project is located in Kabinburi Industrial Zone, in Prachinburi province.

Franck Constant, President of Constant Energy commented: “We are very pleased and honoured to establish a long-term partnership with a premier industrial house such as Asin Thai Automotive Casting which is an affiliate of Aisin Group, a leading company for manufacturing components worldwide for automotive. We look forward to supporting a combined reduction in CO₂ emission and electricity cost through this solar power plant.”

“Construction will start immediately as pre-construction permitting requirements have already been completed prior to PPA signing, as part of our fast-track development process. We are also pleased to expand our investment partnership with Shizen Energy further. We look forward to  providing clean and low-cost energy to Aisin Group in 2021”, Mr. Constant added.

Hiroki Koga, General Manager at Shizen Energy added: “We are very pleased to execute a contract with Asin Thai Automotive Casting. Despite travel restrictions, we supported the PPA discussion effectively via remote working practices. This is first step of our long-term relationship. From 2021, our country manager for Thailand, Rei Ushikubo, will relocate to Thailand to follow-up with customers more closely. We hope to contribute to the Aisin Group’s “Low-Carbon society” as environmental target and RE transition.”