BCPG to acquire four solar power projects in Thailand with the revenue recognition within Q3/2020 | Techsauce

BCPG to acquire four solar power projects in Thailand with the revenue recognition within Q3/2020

BCPG Public Company Limited, a leader in the renewable energy business in Thailand and Asia-Pacific region, has signed Shareholders Agreement with Eternity Power Public Company Limited for the acquisition of 99.99% shares in RPV Energy Company Limited, an operator of four solar power plants in Thailand, with a total production capacity of 20 MW.

The four solar power plants, which have already started commercial operations, consist of a 5-MW solar power project in Lopburi province, a 5-MW solar power project in Prachin Buri province, and two solar power projects, with a total production capacity of 10 MW, in Kanchanaburi province. The revenue recognition for all projects is expected to be within this quarter from two payment schemes – Adder (15 MW) and Feed-in Tariff (5 MW). 

“The acquisition is in line with BCPG’s five-year plan, which aims to expand into various types of renewable energy businesses and develop the existing green energy projects to achieve the Company’s business performance goal,” said Bundit Sapianchai, BCPG President.

ลงทะเบียนเข้าสู่ระบบ เพื่ออ่านบทความฟรีไม่จำกัด

No comment

RELATED ARTICLE

Responsive image

SCB Yuan Pro Rata Forward Service pioneering online forward foreign exchange for entrepreneurs

SCB Yuan Pro Rata Forward, a tool to manage exchange rates effectively and mitigate risks associated with Yuan fluctuations....

Responsive image

DataX shines in AI and LLMs personnel talent, securing dual global honors at "NeurIPS 2023 Challenge"

DataX ultimately clinching two prestigious awards at the "NeurIPS 2023 Challenge," hosted by AI at Meta and Microsoft Research in New Orleans in the USA....

Responsive image

Palo IT Unveils Groundbreaking 'Matcha Initiative' to Revolutionize Technology and Foster Innovation

Palo IT, a leading technology company, has recently introduced the innovative 'Matcha Initiative,' aiming to bring about a transformative shift in the tech landscape...