On April 18, 2022, solar power provider Constant Energy Group entered into a 155 million baht credit facility agreement with the Export-Import Bank of Thailand (hereinafter referred to as “EXIM Thailand”) for Solar Rooftop CE 7 Co, Ltd at EXIM Thailand’s headquarters. The project is to install a rooftop solar power system with a generation capacity of 11.08 MW for distribution to private companies.
Dr. Rak Vorrakitpokatorn (left), president of EXIM Thailand, said the financial support to Constant Energy Group is part of the bank’s mission to restructure the Thai industry and lead it to a sustainable future. Under the Thai Development Bank, EXIM Thailand has supported investments in clean energy companies to drive the development of the bio-circular-green (BCG) economic model. The strategy is to expand BCG lending to reach the target of 100,000 million Thai Baht by 2027. This is also part of the bank’s efforts to support the reduction of greenhouse gas and carbon emissions in collaboration with the global community to combat global warming and climate change, contributing to sustainable development for businesses and both national and global communities.
Constant Energy is a clean renewable energy and power storage provider. Our services range from system design, financing and construction to project management and commercial installation in large-scale industries in ASEAN. Our goal is to help trading partners reduce the cost of developing public utilities and elevate their businesses to a level that meets international standards.
Franck Constant, Founder and CEO of Constant Energy, commented:
“We are very grateful and honored to join with and be supported by EXIM Bank of Thailand for a joint loan facility agreement. We are pleased with EXIM’s equal vision of moving industries towards a greener future. With the result of this loan, we look forward to being able to continue to invest in transitioning more businesses and areas of Thailand into using renewable energy from solar power.”
[About Constant Energy]
Constant Energy is a renewable energy provider and storage investment platform that invests in and manages high quality power assets in selected countries. As a rooftop solar power project developer and Independent Power Producer (IPP), we develop, design, finance, and own rooftop solar power panels through Feed-in-Tariffs and Corporate Solar Power Purchase Agreements (PPA). Headquartered in Bangkok, Thailand, Constant Energy operates throughout Asia, with a primary focus in South East Asia. We produce long term clean and renewable electricity for our clients, enabling them to significantly reduce their electricity bills, and increase profitability while reducing their carbon emissions and receive benefits from a green branding.
More information at https://constantenergy.net/
[About The Export-Import Bank of Thailand]
The Export-Import Bank of Thailand (EXIM Thailand) is a specialized bank under the Ministry of Finance. EXIM promotes and supports Thai and foreign exports, imports and investments, with the intention of contributing to the country’s national development. They provide credit facilities, insurance for risk, guarantees, and other services which support this goal.
More information at https://www.exim.go.th/
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