Thai SPCG concludes work on 250-MW solar portfolio
Jun 30, 2014 - Thai solar project developer SPCG Pcl (MAI:SPCG) said today it has reached an operational capacity of some 250 MW after wrapping up the last two of its planned 36 solar parks at home.
The Surin 1 and Surin 2 solar photovoltaic (PV) power plants, each with a capacity of 7.46 MW, commenced commercial operations on June 27.
The newly commissioned capacity is expected to boost the company’s revenues in the third quarter of 2014 and after that. SPCG's solar assets have long-term power purchase agreements (PPA) with Thailand’s Provincial Electricity Authority (PEA) network and also receive a ten-year subsidy of THB 8.00 (USD 0.25/EUR 0.18) per kWh of solar electricity.
According to the company’s calculations, a 7.46-MW park will be selling to PEA some 10 million kWh per year, which translates into revenues of THB 120 million per plant. The majority of the 36 completed solar projects represents 7.46-MW facilities, though, as SPCG noted, some parks are smaller.