Constant Energy agrees on 50MW of solar for Thai cement giant including floating PV

Published onApril 3, 2019

Thailand-based clean energy developer and investor Constant Energy has signed a Memorandum of Understanding with one of Thailand’s largest companies, Siam Cement Group (SCG Cement), to deploy 50MW of C&I solar PV plants including rooftop, ground-mount and floating technology. Franck Constant, CEO of Constant Energy, told PV Tech that the PV projects at various affiliates of the packaging, cement and petrochemical giant, are likely to range from 1-5MW in size, that several of the projects are likely to include an energy storage component, and that Constant Energy will be the 100% investor in the projects. Power off-take from the projects will be handled under corporate power purchase agreements (PPAs) for numerous factories of SCG Cement in Thailand as well as several other companies chosen by SCG, which is 30% owned by the Crown Property. Power will be supplied directly from the Constant Energy plants to the factories.