19 Oct '15, 11am

Thai utility Superblock to acquire five solar companies

Superblock set a 500MW target for solar capacity this year. Source: Flickr/Paul Arps. Super Solar Energy Group, a wholly-owned subsidiary of Thai utility Superblock, will acquire five solar energy companies, according to a filing on the Thailand Stock Exchange. The transaction is worth a total 14 billion baht (US$396 million) and the five project companies have a combined capacity of 290MW of electricity generation. The five companies are: Power Technology International (PTI) – 55.6MW Energy Serve (ESERVE) – 81.45MW Infinite Alternative Energy (IAE) – 87MW Amanuve (AMN) – 30MW Sri Naga Power (SNP) – 36MW In the filing, Jormsup Lochaya, Superblock chairman of the board, said: “The company has a policy to invest in business expansion and production of electricity from renewable energy. In particular solar – the company plans to expand this side constantly.” In June, Superblo...

Full article: http://www.pv-tech.org/news/thai_utility_superblock_to_ac...

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