Companies news
Tata Steel Group and Constant Energy execute 12 MW of solar Corporate PPAs for 3 factories in Thailand, the largest solar power capacity to date on a steel mill in Thailand
Constant Energy is pleased to announce it has executed long-term solar Corporate PPAs with Tata Steel manufacturing (Thailand) Public Company Limited for their factory rooftops with a total capacity of 11.8 MW. The projects are spread across 3 provinces: Chonburi (Hemraj Chonburi industrial estate), Rayong (Map Ta Phut industrial estate), and Saraburi. Tata Steel group is a subsidiary of Tata enterprises, and a leading company in manufacturing and distributing long steel products and complete steel solutions in Thailand.
The projects with Tata Steel group mark a 130 MW PPA milestone for Constant Energy in Southeast Asia.
As a result of current travelling restrictions due to the COVID-19 pandemic in Thailand, Constant Energy and Tata Steel group held an online PPA signing ceremony to follow the Thai government’s guidance. There were 12 participants in Thailand, India, and Singapore who joined to celebrate the new long-term partnership between Constant Energy and Tata Steel Group.
Franck Constant, Founder, and CEO of Constant Energy, stated: “We are very pleased and honored to be selected by Tata Steel group, and to establish a long-term partnership with a premier industrial house for high-quality steel products and solutions such as Tata steel manufacturing (Thailand) PLC. which is an affiliate of Tata Group. Safety is definitely a number one priority for us. Our people are already deeply engaged on Tata Steel’s Health and Safety team. We look forward to providing clean and low-cost energy, and reducing Tata Steel facilities’ carbon footprints by 207,875 tons over this solar PV system lifetime.”
About Constant Energy
Constant Energy is a solar project developer and Independent Power Producer (IPP). We develop, design, finance, build, own and operate since 2012 large solar power plants under Feed-in-Tariff and Corporate PPA. Regionally headquartered in Bangkok, we operate in Asia with a primary focus in Southeast Asia. We produce clean electricity to our clients for the long term, enabling them to (i) reduce their CO2 emissions, (ii) reduce electricity bill, and (iii) increase profitability while they are focusing on their core business activities. In January 2020, Constant Energy raised growth capital from private investment firm Olympus Capital through its Asia Environmental Partners (“AEP”) vehicle.
More information at www.constantenergy.net
About Tata steel manufacturing (Thailand) PLC.
Tata Steel has always believed that the principle of mutual benefit – between countries, corporations, customers, employees and communities – is the most effective route to profitable and sustainable growth. Established in 1907, Tata Steel is among the top ten global steel companies with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now one of the world’s most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries.
More information at https://www.tatasteelthailand.com
