CBD Energy to build $300 million solar plant in Thailand  

The Climate Spectator reports an Australian company has won a contract to build a 100 MW solar PV power plant in Thailand - CBD to build $300 million solar plant in Thailand.

Australian renewable energy company CBD Energy has secured its largest ever renewable energy contract, a $300 million project to build a 99MW solar photovoltaic power plant in Thailand.

The plant will rank among one of the largest in the world when it is completed. CBD, through its, eco-Kinetics subsidiary, intends to begin construction of the 8MW first stage of the project in Chonburi province, completing stage one early next year.

The contract to build, supply and operate the plant has been struck with a range of prominent private business group in Thailand, and includes a power purchase agreement with Thailand’s electricity authority, Provincial Electricity Authority of Thailand.

The Thai government announced its intention to source 20 per cent of its electricity from renewable energy by 2020, a similar target to Australia’s, and has a range of tax and investment incentives to attract investment in its renewable energy sector.