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    SSP aims to double output from renewable fuels.


    November 29, 2022 - Bangkok Post (CBNB Abstracts)

     

      Sermsang Power Corporation Plc (SSP) intends to expand its power production capacity from renewable fuels by 100% to 500 megawatts (MW) by 2025, aiming to bolt on to the trend of green power development across Asia-Pacific. Its present capacity is 232 MW. It runs 10 solar, biomass, and wind power facilities in various nations like Japan, Mongolia, Thailand, and Vietnam, as well as 60 rooftop solar panel plants in Indonesia. Its new green power projects are making good progress, aiding towards its 2025 target. One project is the phase 2 development of a 17 MW Leo solar plant in Shizuoka prefecture, Japan. Recently, SSP finalized funding for the project that will sell to Tokyo Electric under a 17 year power purchase agreement. It is also developing a 48 MW offshore wind plant in Tra Vinh, Vietnam. This wind farm will be launched in 2024. Also in southern Vietnam, SSP invested a 60% stake in a 110 MW near-shore and offshore wind project, which would be opened in 2024 or 2025. For Indonesian rooftop solar panel business, the firm won a deal to produce 19.8 MW of power. It is also developing new solar panel facilities totalling 8.7 MW. In Thailand, SSP intends to obtain licences to develop power units under the government's 5.2 gigawatt renewable scheme, in which participating firms will sell power to the state grid. The Energy Regulatory Commission (ERC) was set to organize an auction for green power projects on 22 Nov 2022. Meanwhile, SSP reported a 45% year-on-year increase in its revenue to Baht 2.8 bn in Jan-Sep 2022. Over the same period, its net profit rose by 65% to Baht 1.1 bn. SSP partly attributed the growth to the purchase of a 9.9 MW biomass-fired power project worth Baht 500 M in Nakhon Ratchasima. Original Source: Bangkok Post, http://www.bangkokpost.com/.

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