Recently, Greenyellow Thailand which is a subsidiary of the French solar company Greenyellow, which is itself a subsidiary of French mass-retail company Groupe Casino, has announced the commissioning of Thailand’s first floating solar power plant.
This plant is a 2 MW plant that was deployed in Thailand on the site of local agro-food company SPM group. The 6,000 solar panels used for the project occupy a 1.6ha area on a 4.3ha pond. The plant will produce 2.8 GWh of low carbon electricity per year, covering up to 20% of the annual energy consumption of the site.
As per the company as the price of solar electricity sold to SPM is significantly lower than that of the electricity grid, this project will allow the group to achieve significant savings on its monthly electricity bill. SPM will also benefit from the maintenance and performance monitoring system provided by Greenyellow at no additional cost, the company said, noting that the project makes it possible to exploit an under-utilized basin.
Frank Glück, CEO of Greenyellow Thailand and Asia commented that – “For the past 2-3 years, we are seeing a clear trend in the solar market with the commercial and industrial customers choosing the private PPA model where they outsource the capital expenditure (capex), the hassle and the operational risk to independent power producers (IPPs) like Greenyellow. This allows them to generate significant energy savings and focus their time and money on their core business.”