Yingli Green Energy Singapore plans to collaborate with Kasikornbank (KBank), Huawei Technologies and Solventia Solar Energy to establish solar power in Thailand.
According to their recently signed Memorandum of Understanding, the companies will jointly provide turnkey solar power solutions for both power plants and distributed generation projects throughout the country.
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The collaboration is expected to enhance the solar power expansion in Thailand by simplifying PV deployment for power suppliers and consumers.
Thailand needs to be transformed into a sustainable society, securing clean and low-carbon future with the support of these projects developed through collaboration.
The companies will execute each critical aspect of PV deployment, from manufacturing to construction, commented, Jesus Vazquez, CEO, Solventia Solar.
To meet the increased electricity demand, Thai government has established a 3 GW target for total solar power capacity by 2021.
The country plans to meet at least 20 percent of its energy demand with renewable resources by 2022.
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In a recent initiative, Yingli Solar has announced the supply 72 megawatts of multi- and monocrystalline solar panels to Solarcentury in the United Kingdom.
According to the agreement between Yingli and Solarcentury, the Company will deliver approximately 168,000 solar panels by the end of this year.
Sabeena Wahid
editor@greentechlead.com