CBD Energy, EEG to build 64MW solar park in Thailand

CBD Energy, a diversified clean energy company and global provider of solar systems, has signed an agreement with Environmental Engineering Group Thailand (EEG) to build a 64MW solar park.

The project, with a projected development cost of approximately $112,000,000, is supported by a 25-year power purchase agreement with the Thai Provincial Electricity Authority.

The project’s construction, which is expected to be pre sold to a Singapore-based financial institution, would provide pre-tax profit of $6,080,000 for CBDE

CBD Energy executive chairman Gerry McGowan said: "As some traditional long-established markets slow down, CBD Energy’s strategy of diversification and exposure to multiple markets is realizing significant opportunity for CBDE due to our world-wide capability.

"The successful conclusion of this contract is an important development for CBDE. These projects require full use of our international experience and engineering and operational capability.

"The value of having the Westinghouse Solar brand cannot be underestimated when evaluating the factors that enabled CBDE to win this contract.

"CBDE is continuing to develop our relationship with EEG in order to develop our pipeline of projects in the South East Asian market."
Earlier, CBDE successfully developed and operated a $25,000,000 solar farm in Chonbun province near Pattaya.