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BCPG, Thailand based RE developer disclosed that the Company’s Board of Directors, approved the budget of NTD 5,080 million (THB 6,096 million) for the development of solar power projects in Taiwan with an installed capacity of 357 MW, resulting in the Company’s total development pipeline in Taiwan of 469 MW.
“The development of solar power projects in Taiwan is an excellent opportunity for BCPG to have long-term Feed-in-Tariffs power purchase agreements with Taiwan Power Company, the state-owned enterprise managing electricity production and distribution in Taiwan. The projects could scale up BCPG’s growth and competitiveness in the long run.
The development of solar power projects in Taiwan is also in line with BCPG’s business strategy in expanding green power projects in Asia-Pacific. Combined with the Company’s solar power projects in Japan, both in operation and under development, with a total capacity of 117 MW, the Company would aggregate a full capacity of 586 MW in East Asia, which is equivalent to the investment of THB 45,000 million”, said Niwat.
The construction commencement of the BCPG’s solar power projects in Taiwan is expected to start from 2022 to 2024, and the commercial operation date is scheduled from 2022 to 2025.