Symbior Energy plans 190 MW of PV in Thailand


Overall, Symbior Energy subsidiary Symbior Solar Siam is planning to install 190 MW of photovoltaics across 40 sites in rural Thailand by 2014. "Obviously, the extent of opportunities will be dictated by the market," a spokesperson for Armstrong tells pv magazine.

Earlier this week, Symbior announced it had entered into a strategic cooperation with Armstrong Asset Management to develop 30 MW of photovoltaic plants in central and north east Thailand.

Via its 10 year Armstrong South East Asia Clean Energy Fund, Armstrong is expected to invest up to US$12 million in Symbior Solar Siam’s subsidiary, Symbior Elements Pte Ltd, "dependent on installed costs and quantum of project debt," continues the spokesperson.

Overall, the projects include a one MW photovoltaic plant in north east Thailand, which is already operational, and five plants, totaling 29 MW in the central provinces of Chachaengsao, Prachin Buri, and Nakan Sawan, said to be in the late stages of development. They are expected to be completed by the end of 2014, and project sizes will range, with the smallest being three MW.

Currently no equipment suppliers or construction partners for the five plants have been brought on board. However, "this will go out to tender soon," says the spokesperson.

Clean energy fund

The Armstrong South East Asia Clean Energy Fund, established by Armstrong Asset Management in 2012, aims to raise $150 million in capital by this August. To date, it has secured $85 million from European development institutions GEEREF and DEG, an unidentified Asian corporation, and the International Finance Corporation (IFC).

Overall, the fund aims to invest between $5 million and $12 million in solar, wind and mini-hydro projects under 10 MW in size over a 10 year period.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact:


Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.