Superblock takes 290 MW of Thai solar via M&A deals

Thai utility Superblock PCL (BKK:SUPER) is acquiring five local solar power firms that hold assets with a combined capacity of 290 MW, it announced on Friday.

The company is acquiring these firms through separate transactions with a combined value of some THB 14.4 billion (USD 408.7m/EUR 360.7m), including payments covering project costs.

More details about the targets can be found in the table below.

In June, Superblock’s chairman Jormsup Lochaya told Reuters that the company intends to spend some THB 30 billion this year on expanding its local and international solar activities. Superblock has set a goal to reach commercial operation of 500 MW of solar plants in 2015 and is on track to achieve it, Lochaya said at the time.

(THB 10 = USD 0.283/EUR 0.250)

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