BCPG to acquire four solar power projects in Thailand with the revenue recognition within Q3/2020
BCPG Public Company Limited, a leader in the renewable energy business in Thailand and Asia-Pacific region, has signed Shareholders Agreement with Eternity Power Public Company Limited for the acquisition of 99.99% shares in RPV Energy Company Limited, an operator of four solar power plants in Thailand, with a total production capacity of 20 MW.
The four solar power plants, which have already started commercial operations, consist of a 5-MW solar power project in Lopburi province, a 5-MW solar power project in Prachin Buri province, and two solar power projects, with a total production capacity of 10 MW, in Kanchanaburi province. The revenue recognition for all projects is expected to be within this quarter from two payment schemes – Adder (15 MW) and Feed-in Tariff (5 MW).
"The acquisition is in line with BCPG's five-year plan, which aims to expand into various types of renewable energy businesses and develop the existing green energy projects to achieve the Company's business performance goal," said Bundit Sapianchai, BCPG President.