Thai investment in Japanese PV surging


Group unit PDI Asia Solar will invest in three projects in Japan, according to The Nation.

It expects the first installation — a 2 MW array in Nanao, Ishikawa prefecture — to begin generating electricity within the third quarter of this year.

It plans to finish another 2MW project in Ryohashiya, Fukui prefecture, by the first quarter of next year, followed by the completion of 11MW in Nogata, Fukuoka prefecture, by the second quarter of 2017.

It will finance roughly 20% of its initial investments with cash, with the rest to be covered by loans.

The company is also looking into the possibility of investing in an additional 20MW project at an undisclosed location in Japan.

PDI’s investments in solar are part of its ongoing shift into renewables, although it expects its zinc business to be its main source of revenue until at least 2017.

It expects its first three PV projects to generate yearly revenues of 200 million baht.

PDI is the latest in a number of Thai companies to jump into the Japanese solar market, despite the country’s ongoing shift from utility-scale PV growth to residential rooftop development.

Earlier this year, Bangkok-based developer SPCG started working with Japanese PV module supplier Kyocera on a 30MW solar project in western Japan’s Tottori prefecture.

And in late August, Thailand’s Gunkul Engineering revealed plans to buy a 72MW solar array in Japan’s Tochigi prefecture.

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:

Popular content

Anker launches new all-in-one home storage solution

10 July 2024 Anker has developed a new all-in-one home storage solution with up to 30 kWh of capacity, available in single-phase and three-phase configurations.


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Your email address will not be published.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.