Yingli, Huawei sign MoU for Thai solar projects

Share

China's vertically integrated solar module supplier Yingli Green Energy has announced today that it has signed a Memorandum of Understanding (MoU) with a consortium of companies for the development of a suite of solar power projects in Thailand.

Yingli Green Energy subsidiary Yingli Solar will team up with Chinese electronics giant Huawei – which has made huge strides in the global inverter market in recent years – Solventia Solar Energy and Thai finance institution Kasikornbank (KBank) to provide a series of turnkey solar solutions across the country, with a particular focus on PV power plant installation and distributed generation projects.

According to Yingli Singapore’s MD Angie Koh, the company’s collaboration with Huawei, KBank and Solventia Solar Energy will act as a catalyst towards simplifying PV deployment in Thailand, making it easier for power suppliers and consumers to access solar power.

"As industry leaders, our companies’ cooperation will help establish Thailand as an innovative regional leader in the transition to a clean, low-carbon future," said Koh. The CEO of Solventian Solar, Jesus Vazquez, added that the collaboration will enable the companies to "each execute a critical aspect of PV deployment, from manufacturing to construction."

Vazquez continued: "Our aim is to provide the best quality of service in solar PV to our clients and to local communities, transforming Thailand into a self-sufficient and more sustainable society."

Thailand’s solar industry has been pegged as "one to watch" for the past 18 months, thanks in part to the government’s plans to establish 3 GW of PV capacity by 2021. Yet despite impressive growth in the latter part of 2012 and early months of last year, political unrest has slowed deployment in 2014.

A military coup in May added to the tumult, but the picture began to clear over the summer when ruling military officials announced that they were interested in dusting-off Thailand’s renewable energy targets and building upon the 3.78 GW of RE capacity installed.

August brought news that Bangkok’s Energy Absolute was to develop 180 MW of PV projects in the company over the next three years, while this latest announcement by Yingli, Huawei and Solventia Solar will go some way to normalizing Thailand’s energy sector next year after months of upheaval and uncertainty.

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: editors@pv-magazine.com.

Popular content

Phnix presents new residential air-to-water heat pumps

08 November 2024 The Chinese manufacturer said its new Heco series uses propane (R290) as a refrigerant and includes five models with a nominal capacity ranging from 6...

Share

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.