Philippines-based renewable energy firm Berde Renewables Inc. has announced a joint venture with Thailand’s Power Systems and Solutions Co. Ltd. (PSS) to accelerate the deployment of solar photovoltaic (PV), battery storage, and hybrid energy solutions across Thailand.
The collaboration will commence with 18.9 megawatt-peak (MWp) of operating assets, 30 MWp of under-construction projects, and a pipeline of 170 MWp. Over the next three years, the partners aim to develop, own, and operate 300 MW of renewable energy (RE) projects, catering to Thailand’s growing demand for clean energy in industrial, commercial, and grid-scale applications.
Berde Renewables stated that the partnership would leverage its clean energy technologies alongside PSS’ extensive expertise in engineering, power, renewables, and industrial services. By combining their capabilities in utility-scale projects, corporate power purchase agreements (PPAs), and grid-stabilizing solutions, the companies intend to expand operations across Southeast Asia.
The joint venture seeks to provide integrated solutions that enhance energy efficiency, optimize asset management, and extend the lifespan of key infrastructure within Thailand’s renewable energy market.
Morris Zhou, co-founder of Berde Renewables, emphasized the broader impact of the partnership, stating, “By combining our strengths, we aim to deliver innovative, world-class renewable energy solutions and empower organizations and industry leaders to drive decarbonization and sustainability, shaping a greener future.”
Sam Yamdagni, founder and CEO of PSS, highlighted the role of strategic partnerships in advancing the clean energy transition, adding, “This joint venture strengthens Thailand’s renewable energy landscape by combining PSS’s deep market expertise with ISQ/Berde’s global expertise.”
Berde Renewables, an iSquared Capital portfolio company, specializes in developing, constructing, and operating distributed renewable energy projects. PSS currently manages 198 MW of sustainable energy projects in Thailand.
Both companies have extended invitations to businesses and stakeholders interested in contributing to Thailand’s renewable energy transition through collaborative efforts.
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