Bangkok, Thailand (11th July 2017) – Cleantech Solar (Thailand) Limited (“CST”) and Siam Construction Steel Company Limited (“SCSC”), a subsidiary of Tata Steel Thailand, have entered into a long-term energy supply agreement. As part of the agreement, CST will deploy, monitor and maintain a 1.4 MWp Solar Photovoltaic (“Solar PV”) system on the roof of SCSC factory in Rayong. SCSC will enjoy clean renewable solar electricity generated from a Solar PV system over the duration of the agreement. Ingenero (Thailand) Corporation Limited, a local Solar PV integrator, worked closely with Cleantech Solar to develop the project and will be installing the Solar PV system.
The Solar PV system is expected to generate over 32 GWh of clean solar electricity over its lifetime.
Top view of proposed 1.4 MWp Solar PV system
Mr. Rajiv Mangal, President and CEO of Tata Steel (Thailand) said, “Tata Group places high importance on sustainability and the deployment of solar photovoltaic systems is a testimony to this drive. The Rayong plant will host our first solar PV project in Thailand and this initiative will noticeably reduce our carbon footprint.”
Mr. Raju Shukla, Chairman and CEO of Cleantech Solar said, “We are excited to work with Tata Steel on this project in Thailand. Tata Steel’s adoption of clean energy is a reflection of their leadership in reducing carbon emissions. We look forward to working together over the lifetime of the project.”
In addition, Mr. Pornchai Thangworakulchai, Vice President – Rayong Plant at SCSC mentioned, “We were interested in solar photovoltaic technology for some time but until recently we found that the project was not financially attractive. The proposal offered by Cleantech Solar for an attractive tariff structure made the Solar PV system attractive and we look forward to working with Cleantech Solar and Ingenero towards the successful deployment of this project.”
The Rayong Solar PV project will use 4,320 modules installed over the north and south facing sides of the roof. The layout is optimised to allow easy maintenance of the roof and the Solar PV system, avoiding any obstructions. In addition to the economic savings, the roof will be shaded by the panels and this is expected to reduce the ambient temperature of the plant.
About Tata Steel Thailand:
Established in 1907, Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now one of the world’s most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries. Tata Steel Thailand is the local entity traded on the Thailand Stock Exchange.
About Cleantech Solar:
Cleantech Solar is a pan-Asian developer and owner of rooftop solar photovoltaic systems providing power for Commercial & Industrial customers.
Cleantech Solar offers a unique combination of financial strength with expert knowledge in PV system design, installation, operation and maintenance. Across South East Asia, Cleantech Solar is helping companies of all sizes reduce their utility bills and CO2 footprints without having to tie up any of their capital.
About Ingenero:
Ingenero is a full-service Solar PV systems integrator headquartered in Bangkok. The company focuses on the installation of rooftop solar PV systems and is a pioneer in working with financing partners under the solar power purchase financing model.
The company provides full turnkey installation services as well as operation and maintenance for commissioned power plants.
