REC nails 72MW Thailand order

CEO Enger has made Asia a priority market

CEO Enger has made Asia a priority market

REC, the world’s ninth largest module supplier, will deliver 72MW to a series of six projects in Thailand, in another big win for the Norwegian group in the fast-blossoming Thai market.

The projects will be owned and operated by a joint venture formed last year between Yanhee, a leading player in Thailand’s booming medical tourism sector, and independent power producer Egco.

Last year the group – known as Yanhee Egco Holding – indicated that the projects had power purchase agreements with the provincial electrical authority for up to 25 years, and would also benefit from a subsidy of 8 baht ($0.27) per kWh over a decade.

The plants will be built in the central provinces of Nakhon Pathom and Suphan Buri, with Log in to read complete article.

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