Clean energy fund supports solar projects in Thailand

Will go to building six small-scale solar power plants.

Armstrong Asset Management, a private-equity fund, signed its first solar deal to build the plants with Thai energy developer Symbior Solar Siam. Under the terms of the agreement, Armstrong will acquire 60% interest in the portfolio of small scale projects being developed Symbior, a subsidiary of Hong Kong-based energy firm Symbior Energy.

The partners will build a total of six 30 megawatts solar projects. There will be a 1 MW photovoltaic plant in northeast Thailand and five PV plants.

Thailand’s government aims to have 25% of the country’s total energy supplied by renewable sources by 2021.

The 10-year Armstrong South East Asia Clean Energy Fund is the first clean energy investment scheme designed to support small-scale renewable energy and energy efficiency projects in emerging countries in Southeast Asia. It mainly focuses on the Philippines, Indonesia and Vietnam, in addition to Thailand.

Also Read

Carbon capture and storage outlook worsens amidst high costs, performance

Indian wind and solar projects see improved performance in FY24

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit