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Hemaraj Energy and Gulf Energy Development Launch a Joint Venture for Six Solar Rooftop Projects Located at Hemaraj Industrial Estates
24/09/2014
The total capacity of the projects by Gulf Solar will reach 598.25 kWp; first two projects now on the commissioning at Hemaraj Chonburi Industrial Estate (Hemaraj CIE).
Bangkok, 23 September 2014 – In line with its commitment to look for renewable energy sources to preserve the environment, Hemaraj Land And Development Public Company Limited has partnered with Gulf Energy Development (GED), a major power developer in Thailand, for the launch of six solar rooftop projects.
The two partners have co-established Gulf Solar Co. Ltd., a joint venture between Hemaraj Energy, with shareholding equity of 25.01%, and GED, which will hold the rest. The electricity produced will be sold to the Provincial Electricity Authority (PEA).
The first three solar units are currently in the commissioning phase at Hemaraj Chonburi Industrial Estate and Hemaraj Eastern Seaboard Industrial Estate. They have a capacity of 72 kWp, 57.75 kWp and 126.50 kWp respectively. The next three projects, located in other Hemaraj industrial estates, are in the pipeline. The total capacity from all six units will reach 598.25 kWp.
Mr David Nardone, President & CEO of Hemaraj Land And Development said, “This is a proud moment for our company. For Hemaraj, this new joint venture presents a double advantage. It represents an economic benefit, due to the potential of solar energy in Thailand. It is also an opportunity to produce renewable energy, which is perfectly in line with our environmental commitments.”
“Hemaraj is proud to produce clean energy that is eco-friendly. Aside from helping reduce the greenhouse effect, solar energy is also safe from noise pollution. Since all the electricity produced can be stored and used, we will be contributing to environment conservation,” he added.
"In addition, it is involved in another 12 power projects – 4 under operation and 8 under development or planning – that represent a total of 2,659 megawatts, with 22% average Hemaraj shareholding. GHECO-One, a 35/65 joint-venture with Glow (GDF Suez Energy International) is now running at its full capacity. Hemaraj also holds 25.01% shareholding in GJP NLL, a 126 MW SPP with Gulf JP which operates in our Hemaraj Rayong Industrial Land (HRIL)."
Bangkok, 23 September 2014 – In line with its commitment to look for renewable energy sources to preserve the environment, Hemaraj Land And Development Public Company Limited has partnered with Gulf Energy Development (GED), a major power developer in Thailand, for the launch of six solar rooftop projects.
The two partners have co-established Gulf Solar Co. Ltd., a joint venture between Hemaraj Energy, with shareholding equity of 25.01%, and GED, which will hold the rest. The electricity produced will be sold to the Provincial Electricity Authority (PEA).
The first three solar units are currently in the commissioning phase at Hemaraj Chonburi Industrial Estate and Hemaraj Eastern Seaboard Industrial Estate. They have a capacity of 72 kWp, 57.75 kWp and 126.50 kWp respectively. The next three projects, located in other Hemaraj industrial estates, are in the pipeline. The total capacity from all six units will reach 598.25 kWp.
Mr David Nardone, President & CEO of Hemaraj Land And Development said, “This is a proud moment for our company. For Hemaraj, this new joint venture presents a double advantage. It represents an economic benefit, due to the potential of solar energy in Thailand. It is also an opportunity to produce renewable energy, which is perfectly in line with our environmental commitments.”
“Hemaraj is proud to produce clean energy that is eco-friendly. Aside from helping reduce the greenhouse effect, solar energy is also safe from noise pollution. Since all the electricity produced can be stored and used, we will be contributing to environment conservation,” he added.
"In addition, it is involved in another 12 power projects – 4 under operation and 8 under development or planning – that represent a total of 2,659 megawatts, with 22% average Hemaraj shareholding. GHECO-One, a 35/65 joint-venture with Glow (GDF Suez Energy International) is now running at its full capacity. Hemaraj also holds 25.01% shareholding in GJP NLL, a 126 MW SPP with Gulf JP which operates in our Hemaraj Rayong Industrial Land (HRIL)."