GreenYellow Thailand, subsidiary of GreenYellow group specializing in solar energy production and energy efficiency solutions, has just launched its first floating solar power plant in Thailand. The 2 MWp plant was installed at the facilities of SPM Group — a key player in feedmill industry in the country.
With more than 6,000 solar panels taking up a space of 1.6 hectares on a 4.3-hectare pond, the plant will generate 2.8 GWh of low-carbon electricity per year, covering up to 20% of the factory’s annual energy consumption. In addition, as the price of solar electricity sold to SPM is significantly lower than the electricity grid, this project will enable SPM to make significant savings on its monthly electricity bill. SPM will further benefit from GreenYellow’s maintenance and monitoring system with no fee charged.
This solar floating solution also offers better performance in terms of energy production, since the water helps to cool the installation. It also enables SPM Group to make the most out of its underutilized pond.
“For the past 2-3 years, we are seeing a clear trend in the solar market with the Commercial and Industrial customers choosing the Private PPA model where they outsource the capital expenditure (CAPEX), the hassle and the operational risk to independent power producers (IPPs) like GreenYellow. This allows them to generate significant energy savings and focus their time and money on their core business.” said Frank Gluck, CEO of GreenYellow Thailand and Asia.
GreenYellow strengthens its footprint and portfolio in Thailand with this first floating solar power plant project: its expertise now includes rooftop, ground-mounted, carport, and floating solutions, with a proven track-record of more than 100 secured projects over the past three years.