DGAP-News: Thailand: Conergy strengthens leading market position with a further 31.5 MWp order
(firmenpresse) - DGAP-News: Conergy AG / Key word(s): Miscellaneous
Thailand: Conergy strengthens leading market position with a further
31.5 MWp order
07.02.2013 / 09:41
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Thailand: Conergy strengthens leading market position with a further 31.5
MWp order
Total installed capacity of 52.5 MWp signed with investor Siam Solar Energy
since autumn 2012
* Conergy CEO Comberg: 'We want to specifically expand our large project
business.'
* Conergy one of the market leaders in Thailand; 10% market share
* Thailand to cover 25% of energy demand with renewable energy by 2022
Hamburg / Bangkok, 7 February 2013 - Conergy continues to strengthen its
leading position in Thailand in 2013, heading into the new year with a
major 31.5 megawatt order. It is already the second large-scale project for
the Bangkok-based client and investor Siam Solar Energy 1 Co., Ltd. (SSE),
a subsidiary of Thai Solar Energy Company Limited (TSE). In autumn 2012,
Conergy started constructing two power plants for SSE with a total
installed capacity of 21 megawatts. Both plants are scheduled to be
connected to the grid in the first quarter of 2013. Three additional solar
parks with an installed capacity of 10.5 megawatts each are now to follow.
Hence, the two partners' commitment towards each other allowed the three
additional solar parks to be realized within a few months of the first two
solar parks now under construction, for a total combined installed capacity
of 52.5 megawatts.
Conergy CEO Comberg: 'We want to significantly expand our large project
business.'
'We have made many important decisions already last year to strengthen our
international project business and to significantly expand it in the solar
growth markets. With this large-scale project in Thailand we let action
follow our decisions,' said Conergy CEO Dr. Philip Comberg. 'For the
future, we intend to work on large-scale projects specifically and
long-term with financial investors and strategic industrial customers who
want to expand their portfolio like SSE with independent energy power
plants. In addition to the growing Asian markets such as Thailand, we are
focusing our efforts on the American solar market.'
The three new power plants are located in the provinces of Suphanburi and
Kanchanaburi in western Thailand, some 130 kilometres from Bangkok. Once
again, Conergy is acting as general contractor for this major order,
assuming responsibility for the entire planning, engineering and design as
well as for the supply of the components and the installation of the three
large-scale solar plants, which will cover around 790,000 square metres in
total. For the construction work on the ground, Conergy is collaborating
repeatedly with its long-standing local partners Annex Power and Ensys.
SSE's COO Maleenont: 'We are impressed by Conergy's high quality
standards.'
Solar pioneer SSE is once again going for the highest levels of quality and
sustainability. The company multiplied its solar capacity by a factor of 8
last year, and it intends to further expand it. 'Conergy is fulfilling our
stringent requirements perfectly for the construction of the first two
power plants. We are very impressed with their high quality standards,
particularly with respect to the planning and the on time and precise
implementation,' said Cathleen Maleenont, COO at Siam Solar Energy 1 Co.
Ltd.'We continue to put our trust in highly efficient parks conforming to
European standards and have therefore decided once again in favour of
Conergy as a strong partner for this major order.'
Conergy's CSO Lohoff: 'We want to further increase our 10% market share.'
With the three solar parks, Conergy is forging ahead on its successful
course in the country of smiles: 'With nine power plants and a total
capacity of 70 megawatts, Conergy is one of the market leaders in
Thailand,' said Marc Lohoff, Conergy Chief Sales Officer Asia-Pacific and
North America. 'Currently, Thailand has to cover around half of its primary
energy demand with imports, which is very costly in the long run. The
country is therefore subsidising solar energy. According to government
figures, the solar capacity installed in Thailand to date is around 370
megawatts - with a strongly rising trend. We therefore want to further
increase our market share of around 10% and benefit from this growth
potential, drawing on our extensive experience.'
Conergy's President Asia&ME Alexander Lenz: 'We are facing very
favourable political and natural conditions.'
'Thailand does not only have to import half of today's energy demand but
also has to meet an estimated 39% increase in energy demand in the next
nine years according to the Thai Board of Investment', Alexander Lenz
added. 'As a result, the agency recently announced that one of its top
priorities is to boost investments in renewable energy in the kingdom in
order to achieve one quarter of their total energy consumption from
non-petroleum sources until 2022. The government is aware of the importance
of renewable energy and its implications on Thailand's growth and
development. Moreover, we expect to reach grid parity by the end of the
year due to the high irradiation levels and falling PV system prices. We
are facing very favourable political and natural conditions in the
country.'
Conergy plant produces more energy than Kanchanaburi residents consume
Once construction of the power plants is completed in May 2013, the 130,000
Conergy 'P-series' modules installed on some 130 kilometres of Conergy
SolarLinea mounting systems will generate over 45,200 megawatt hours of
clean electricity each year. That is 1.3 times the electricity consumed by
the residents of the provincial capital Kanchanaburi, location of the
infamous Bridge over the River Kwai. The solar parks will also prevent the
emission of around 24,000 tonnes of damaging CO2 each year, more than 2,400
hectares of wood can absorb over the same period.
Thai support for solar via power purchase contracts with energy suppliers
Government support for solar in Thailand works via licences, similar to the
situation in the USA. By means of so-called 'Power Purchase Agreements'
(PPAs), the Provincial Electricity Authority (PEA) guarantees plant
operators a fixed purchase price for solar power. The PPAs comprise the
average electricity price plus an additional premium, the so-called
'Adder'. This 'Adder' is currently set at 6.5 Thai Baht - which corresponds
to around 16 Euro cents - and is guaranteed for 10 years. The power plant
operator thus receives the total of the average grid electricity price and
the 'adder' by way of remuneration. There are also plans in Thailand for a
feed-in tariff for roof-top plants, intended to provide a further boost to
the generation of power from renewable sources.
About Conergy
Conergy delivers solar energy systems from a single source. As a system
supplier, Conergy offers all components for a solar installation as well as
all related services.
With its portfolio of modules, inverters and mounting systems, the solar
expert creates Conergy System Technology, which is efficient solar energy
systems for private or commercial rooftops, as well as for multi-Megawatt
Parks.
Conergy System Services deliver a 'Worry-Free Package' for Conergy solar
installations - from 'A' for architectural planning to 'Y' for yield
insurance and 'Z' for zero trouble. Conergy's experts not only install
on-site turn-key solar projects, but theyalso manage the planning and
financing, project implementation, system monitoring, operation and
on-going maintenance of the project for maximum performance. With this
comprehensive technology and service package, Conergy offers yield
insurance for its installations.
Conergy System Sales brings Conergy premium products to more than 40
countries. From 'A' for Australia to 'T' for Tunisia - the solar expert
supports homeowners, installers, wholesalers and investors in their efforts
to 'go solar'. With sales activities on five continents, Conergy has close
relationships with all its customers. In 2011, around three quarters of
Conergy's sales were generated outside of Germany.
Listed on the Frankfurt stock exchange, Conergy employs around 1,200 people
worldwide. Since Conergy's founding in 1998, it has produced and sold more
than 2.2 GW of clean solar energy. Thus, in 2012 Conergy solar
installations have generated more power than a nuclear reactor.
Please contact us if you have any questions or requests.
End of Corporate News
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Language: English
Company: Conergy AG
Anckelmannsplatz 1
20537 Hamburg
Germany
Phone: +49 (0)40 27 142-1000
Fax: +49 (0)40 27 142-1100
E-mail: info(at)conergy.de
Internet: www.conergy.de
ISIN: DE000A1KRCK4
WKN: A1KRCK
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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