As part of the “Wang Chan Valley” initiative, PTT has partnered with VISTEC and the Ministry of Technology and Science to create an Eastern Economic Corridor of Innovation (EECi) in Wang Chan district, Rayong. This project is aimed to venture into a Smart City to create an innovation system for young entrepreneurs to explore the new S-Curve. The project is currently operating in phase 1 serving as an innovation incubator with an aim to expand into commercial area within the area of 760 Rai.
VISTEC currently produces energy from the solar rooftop installed on two buildings under phase 1. This provides the energy for the main building that houses the Learning Center where students can study and relax. Renewable energy, therefore, serves as a fundamental aspect of the students learning. Extra energy generated is traded on the platform for other companies to make an impact like how VISTEC is currently doing.
GPSC operates as a power, steam, and utilities producer and distributor. In addition, the company invests in other companies that generate and distribute power, steam, and utilities, including related businesses, both domestically and overseas.
VISTEC serves to be a world-class frontier research institute in science and technology with the aim of fostering passionate faculty members and talented students to significantly improve their knowledge and skill and thereby increasing the country’s competitiveness, sustainable development and prosperity.
Global Renewable Power along with 3 other GPSC’s holding own and operate 9 solar farms with the total capacity of 39.5 MW. The 9 solar farms are located in 4 provinces, consisting of Lopburi, Suphanburi, Phichit and Khon Kaen. Currently, all power plants can generate and supply electricity to the power grid distribution system for Provincial Electricity Authority (PEA), regarding the Power Purchase Agreement (PPA) for a period of 25 years, with two agreed rates of Adder rate of BHT 8 per unit (for the first 10-year of the PPA) for total 3.6 MW and a Feed-in Tariff rate of BHT 5.66 per unit for total 35.9 MW. These power plants have been commercially operating since 2014-2015.
Chanthaburi’s Shrimp Farmer Cooperative, founded on December, 2016, is a co-locating solar farm with agricultural use. Within the total area of 65 Rai, its electricity is distributed to the public sector, the company’s agricultural cooperative, and Combined Heat and Power Producing Co., Ltd. (CHPP). The solar powers are sold at 5.66 Baht per Kw/h through a FiT structure with a licensing contract with PEA.
Glow Energy Plc (Glow) and a trusted partner have signed a 20-year power purchase agreement (PPA) for a rooftop solar system at the partner’s factory in Amata City Industrial Estate, Rayong Province.The rooftop solar system has an installed capacity of approximately 1 MW and will comprise over 3,000 polycrystalline silicon panels covering a roof area of 8,500 sq.m. The installation works on site was commenced in end of May 2018.
