Japan-based Shizen Energy Inc., dealing in building, financing and managing renewable energy plants along with Thailand’s Constant Energy, a renewable electricity generation and storage investment platform, have signed a long-term power purchase agreement (PPA) with Molten (Thailand) Co. Ltd, to build a roof-mounted solar power generation facility with a capacity of 999 kWp (DC).
Molten (Thailand) Co. Ltd is a local subsidiary of Japan based Molten Corporation that manufacturers sports equipment. As per the deal,an industrial-type roof-mounted solar power plant will be installed on a total area of 4,738 ㎡ on Molten (Thailand)’s factory site located in Sriracha, Chonburi Province. Annually, it will generate power output of 1.43 million kWh, and utilisation of clean and competitive renewable energy will further reduce power costs.The annual CO₂ emissions is expected to be reduced by ~ 611 tons. As per the firm,the construction of the power plant is slated to begin in August 2023.
Shintaro Iwasaki, Managing Director of Molten (Thailand) Co., Ltd. said, “This will be a long-term contract, and we hope to build a good relationship through mutual respect and communication. Let’s contribute to society together by reducing CO₂ emissions.”
Franck Constant, Founder and CEO of Constant Energy, said, “We are very pleased to sign this PPA and support another Japanese client such as Molten in deploying and managing its solar powered electricity supply. We look forward to developing, permitting and operating this project in Thailand and to contribute to CO₂ reduction and power cost savings through our solar installations.”
Rei Ushikubo, Business Development Director of Shizen International, said, “We are very pleased to sign this PPA. This is the first step in a long-term relationship, and we look forward to contributing to the decarbonization of Molten (Thailand) through solid implementation, operation, and maintenance.”
In order to “take action for the blue planet,” Shizen Energy said it will flexibly respond to various needs such as decarbonization and strengthening energy resilience by combining digital technologies such as EMS and storage batteries with the development of renewable energy power sources that exist in harmony with local communities. Together with partners, Shizen Energy aims to realize a 100% renewable energy world as soon as possible.