Solar Power | IFC Involves In Solar Power Development In Thailand
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Solar Power | IFC Involves In Solar Power Development In Thailand


 Solar Power (Korat 1) owns and operates a 6-megawatt grid-tied solar power plant in the Nakhonratchasima Province, an area with one of the best solar resources in Thailand. The project supports the government’s goal of generating at least 20 percent of energy from renewable sources by 2022, which will improve the supply of clean energy, help move Thailand toward low-carbon growth, and reduce the country’s reliance on imported energy. The solar farm will displace an estimated 4,785 tons of carbon dioxide equivalent annually, boosting global climate change mitigation efforts.

 SPC Korat 1 is majority owned by Solar Power Co Ltd or SPC, a Thai developer of large, grid-connected, solar photo-voltaic projects. The developer has secured 34 licenses to build and operate grid-connected solar farms across Thailand. SPC Korat 1 was created to develop the first of these licenses and its 6-megawatt

solar power plant went into operation in April 2010.

 “We are very happy to have IFC as a partner in this first project to provide a cleaner and more sustainable energy source for our country,” Wandee Khunchornyakong, managing director of SPC, said in a statement. “We are considering other renewable energy investments and we look forward to working with IFC on these projects in the future.”

 IFC’s investment in this first project represents the start of a partnership with SPC with plans to co-invest in some of the future

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