Thailand’s Superblock PCL today signed a memorandum of understanding with Japan’s Energy Complex Co Ltd to invest around 27 billion baht in setting up a 300-megawatt solar farm in Japan.
Superblock’s chairman Jormsup Lochaya said that the the company would start the construction of the first 70 megawatts of capacity plant in the fourth quarter of this year. It plans to take it to full capacity and start the operation by the early 2017.
Tomorrow it will sign an agreement with Bualuang Bank for getting a loan worth 6.7 billion baht, which will be used to fund the joint venture in a 131.6-megawatt solar farm in Japan.
At the same time, it is negotiating with three to four firms for acquiring their renewable energy business in Thailand. The company expects to close at least one of these deals this year.
He earlier told the media that the company would invest 30 billion baht in 2015 to expand its solar power business in both the domestic as well as international markets. It targets to have 500 megawatts capacity, operating commercially by this year end.