May 18 (Renewables Now) - Thai renewable energy group BCPG Plc (BKK:BCPG) announced today it has secured the financing to realise the 10-MW Lomligor wind project with 1.88 MWh of battery storage at home.
BCPG, through its subsidiary Lomligor Company Limited, has signed a loan agreement for a total of THB 616.1 million (USD 19.2m/EUR 17.8m) with the Asian Development Bank (ADB), Clean Technology Fund (CTF) and Thai lender Kasikornbank (BKK:KBANK).
ADB, which will contribute THB 235.55 million, will administer a USD-4.75-million (EUR 4.4m) concessional loan provided by CTF, ADB said in a separate statement.
Kasikornbank is participating in the total financing with THB 235.6 million.
The Lomligor project will be the first in Thailand to integrate wind power with energy storage. It has been selected by the office of the Energy Regulatory Commission to be included in the ERC Sandbox Project to pilot the use of energy management systems in wind farms, BCPG said.
The Lomligor wind farm will be located in the Pak Panang district, Nakhon Si Thammarat province. It will be producing 14,870 MWh per year, starting in 2020.
(THB 100 = USD 3.12/EUR 2.89)
(USD 1.0 = EUR 0.925)