Energy Absolute to invest in wind, PV

Thai developer Energy Absolute reportedly plans to invest roughly 46 billion baht ($1.4bn) in renewables through 2017, including 390MW of wind projects and 180MW of PV capacity.

It will spend 29 billion baht to build wind farms and 17 billion baht to develop solar projects, Energy Absolute chief financial officer Amorn Sapthaweekul told Bloomberg.

The Bangkok-listed company currently operates eight wind farms with a total capacity of 386MW.

It is now developing 260MW of wind at five sites in Chaiyaphum province in northeastern Thailand. It plans to finish 45MW and 48MW projects in the province by March 2017, followed by 42MW and 45MW sites in August 2017 and an 80MW installation in December of that year, according to its website.

It also has 126MW of wind in development at three sites in southern Thailand's Songkhla and Nakhon Si Thammarat provinces, both on the coast of the Gulf of Thailand. Those projects are scheduled for completion in 2019.

In July, ReneSola revealed plans to supply 63MW of PV panels to Energy Absolute for a solar project in Nakhon Sawan province, north of Bangkok. A year earlier, LDK Solar supplied 64MW of solar panels for an Energy Absolute project in the same province.

Earlier that month, a unit of LDK Solar signed a 64MW follow-on module supply deal with Energy Absolute for a 90MW project in Lampang province, in northern Thailand.

By December 2015, Energy Absolute also expects to complete a 90MW solar project in Phitsanulok province in northern Thailand, bordering Laos.