Kyocera plans growing Thai solar business

Kyocera solar modules used for solar plant in France. Source: Business Wire.

July 12 (Renewables Now) - Japanese electronic equipment maker Kyocera Corp (TYO:6971) on Tuesday unveiled plans expand its solar business in Thailand and boost fiscal 2017/18 sales in the Asian country by 2.5 times in annual terms.

In the fiscal year ended March 2017, Kyocera managed to triple its sales in Thailand, taking advantage of the ample opportunities in the country’s solar market. Between 2009 and 2014 it partnered with local solar project developer SPCG Pcl (MAI:SPCG) and developed 35 photovoltaic (PV) plants using Kyocera solar modules. The collaboration between the two companies might be expanded into other Asean countries, Kyocera said.

Thailand is currently heavily reliant on energy imports and generates about 60% of its power from fossil fuels. Its target is to triple its installed solar power capacity to 6,000 MW by 2036 from 2,021 MW in 2015. The government has launched various incentive programmes, including the promotion of rooftop solar for self-consumption, to help achieve the goal.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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