May 19, 2017 – Bangkok. Constant Energy is pleased to announce that it has executed a long term Power Purchase Agreement with Schneider Electric industrial facilties in Bangpoo, Thailand. Power will be supplied directly from a Constant Energy rooftop utility solar plant located on Schneider premises.
Franck Constant, President of Constant Energy commented: “We are very pleased to enter into this project with Schneider with whom I have had good experience for close to 10 year. We are also keen on keeping investing more in Thailand, with its track record of dynamic and resilient private power sector. 2GW of corporate PPA with renewable generators were signed last year in the USA, and 1GW in Europe. We expect Asia to follow this trend. Corporate PPA such as this one with high credit, stable offtakers, will likely become significant for our company, alongside PPA with government-owned utiltiies, providing long term clients with renewable, predictable and competitive electricity.
[“We are pleased to enter into this long term agreement with Constant Energy and look forward to further enhance our factory operation carbon footprint through projects like these”, added Luc Pelletier , Country Manager of Schneider Electric for Thailand, Laos and Myanmar,]
“Construction of the solar PV plant has already started, will be close to 1MW capacity, will be using Schneider inverters and will result in CO2 emission reduction of 900 tons per year for Schneider Electric and the Bangpoo Industrial Estate. We look forward to start providing clean energy to Schneider within Q3-2017”, added Constant.
About Constant Energy
Constant Energy is a renewable electricity generation and storage investment platform which invests and manages high-quality power assets in selected countries. Constant Energy’s team is specialised and experienced. We personally manage our international assets with a long-term outlook. We firmly believe that only local and active asset management can achieve the targeted return on a long-term basis. For more information on Constant Energy, please visit www.constantenergy.net
Schneider Electric SE is a French multinational corporation that specialises in energy management and automation solutions, spanning hardware, software, and services. Native of France, the company is headquartered in Rueil-Malmaison and is also based at the World Trade Center of Grenoble with offices throughout the world. A Fortune Global 500 company, Schneider Electric is publicly traded on the Euronext Exchange and is a component of the Euro Stoxx 50 stock market index. In FY2016, the company posted revenues of about €25 billion.]