SOWITEC opens a branch office in Thailand

08.06.2015

SOWITEC, a German project developer for renewable energy projects, is entering the Thai market. The company is opening a branch office in Bangkok and acquiring a medium-sized project pipeline of wind and solar energy projects.

SOWITEC is expecting further growth in the renewable energy industry in Thailand and is planning to develop energy projects in the gigawatt range during the coming years. "Our market entry in Thailand offers huge potential; at the same time, it represents a new challenge in our international portfolio and will open the door to further markets in the Asia-Pacific region for SOWITEC," Managing Director Frank Hummel said.

Thailand now has an installed wind power capacity of 200 MW and was able to increase its solar capacity to 1.3 GW by introducing a feed-in tariff for solar energy projects in 2014. The Southeast Asian country introduced a specific development plan for renewable energies with the objective of expanding the proportion of renewables to 20.3% of the total energy mix by 2022.

Since the mid-nineties, Thailand has introduced various regulations and programmes designed to increase energy security through the use of alternative energy sources. The first step to provide financial support for promoting new and renewable energy technologies was taken by the government as early as 1992, when it introduced the Energy Conservation Programme (ENCON).

Katharina Garus / Sowitec

Similar Entries

BayWa r.e., a global renewable energy developer, service supplier, wholesaler and energy solutions provider, announced that it has sold its Californian Wagner wind park to the renewables operator Greenbacker Renewable Energy Company, LLC.

Fenix International, a next generation energy company operating across Africa, adds a former Wall Street Director turned social entrepreneur to its core leadership team. Joshua Romisher joins the energy and financial services company as Chief Financial Officer. Before Josh served as VP of Corporate Finance at Off Grid Electric, where he became a well-respected energy finance expert. In his most recent position at Off Grid Electric, Romisher played a critical role in raising innovative debt and equity financing for the solar home system company.

E.ON wants to produce more wind energy in Germany. To implement this strategy, E.ON Climate & Renewables is now taking over the German activities of Kassel based Vortex Energy.

Photon Energy NV announces that Canadian Solar will become a shareholder and provide development financing to complete the development of five of its Australian utility scale solar projects totalling 1.14 GWp.