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BCPG enters solar power plants in Taiwan

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BCPG accelerates investment in solar power plants in Taiwan Initially, it has a capacity on hand of about 469 megawatts, with a slight gradual commercial power distribution this year, and will increase by 100 and 200 megawatts in 66-67 to reach the goal of 1,000 megawatts in the next five years,

Mr. Phuwadol Soonthornwipha . General Manager and Executive Vice President BCPG Public Company Limited (BCPG) Division of Operations revealed that the company has accelerated the expansion of investment in solar power plants in the Republic of China (Taiwan) to meet the goals in the next 5 years. Solar power generation in Taiwan totals 1,000 megawatts (MW).

Taiwan has the potential to invest in the development of renewable energy power plants, both solar and wind power. Due to the Taiwan government's investment promotion, Taiwan plans to add 3,000 megawatts per year of solar power plants in the next five years to reduce its dependence on electricity generation from nuclear power and fossil fuels. And open to foreign investment 100%. Therefore, the company established BCPG Formosa Co., Ltd., which the company owns 100%, to invest in the development and construction of solar power plants in Taiwan.

At present, the company plans to develop a solar power plant project in Taiwan. The installed capacity of 357 megawatts and combined with the projects under development make the company A total of 469 megawatts of solar power plant projects have been invested in Taiwan, with commercial power supply expected to be gradually phased out (COD) in 2022-2025. By 2022, the commercial power of solar power plants is expected to be around ten megawatts. But next year, it is expected that the COD will increase by 100 megawatts and 200 megawatts next year, along with finding more new power plant projects.

The electricity tariff in Taiwan is quite satisfactory at 5.20-5.60 baht/unit, while the construction cost of onshore solar power plants in Taiwan is quite high. But if using solar panels that are not made in China, the electricity cost will increase by 6%. Therefore, the company is preparing to negotiate to buy a large lot of solar panels that are not made from China for use in solar power plant projects. Over 400 MW,

the development of solar power plants in Taiwan is one of the company's key strategic plans. which builds on from the development of solar power plant projects in Japan Combined with projects in Japan that are already commercially operational and under construction, the company has a total of 586 megawatts of solar power plants in the East Asia region.


Mr. Phuwadol said The company looks for investment opportunities in New S-Curve business related to energy. The company is interested in investing in the Battery and Energy Storage Systems (ESS) business to support the rapidly growing battery demand in the Asia-Pacific region. Previously, BCPG signed a purchase and sale of convertible debentures of VRB Energy, China, amounting to $24 million, or 772 million baht, which VRB operates in the business of manufacturing and distributing electric energy storage systems. Large, innovative battery type Vanadium (Vanadium), which is a battery that is stable. low unit cost and has the longest service life Able to store electricity for a long time be safe

The investment will be used in the construction of a 1,000 MW/year battery plant and assembly project. VRB is currently in the process of producing 40 MW/200 first-phase batteries. megawatt-hours (MWh) and build a 50-megawatt-year battery assembly and manufacturing facility. The company plans to use such batteries with solar power plants in Thailand under the Thailand Power Development Plan 2018-2037, Revised Edition No. 1 (PDP2018 Rev.1) during the year. 2021-2030 (additional improvements) with a total contracted capacity of clean energy 9, 996 MW, and approves the principle of purchasing electricity from renewable energy and the proposal of the purchase rate of electricity from renewable energy in the form of a feed-in tariff for 2022-2030 for the group without fuel costs. Contracted capacity up to 90 MW includes Solar Ground-mounted, Ground-mounted Solar combined with Energy Storage (Solar+BESS), Wind and Biogas.

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