Thailand’s Superblock To Invest $884 M in Solar Power.

Superblock is on track to achieve its target for the commercial operation of 500 MW of capacity this year and has already this year signed deals for 396 MW solar farms, he said, noting the company aims to double capacity to 1000 MW next year, and then again to 2,000 MW over the next three years.

The company is in talks with a potential partner in Japan to invest in a 300 MW solar project, Superblock said.

Superblock, valued at $1.2 billion on the Thai bourse, sold its foamed concrete block business to Siam City Cement PCL in 2013 before diversifying into renewable energy.

Jormsup said the investment initially dragged down earnings but said he expected to make profits in 2015, turning around a net loss of 89.7 million baht in 2014.

Superblock expects to realise revenue from solar power plants in the third quarter and sees solar generating about 90 percent of total revenue by the end of 2105, he said. Growth would be strong in 2016, he added.

Superblock is also considering investing in 695 MW of wind power with estimated investment of 90 million baht per MW, he said.

 

Originally from Reuters.Thailand Adding 1,000 MW of Solar with New Feed-in Tariffs

Author: Darvin Tocmo

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