MoU signed for USD7 billion Hydrogen project in Thailand
ACWA Power, PTT Public Company Limited (PTT), Thailand’s national integrated energy company and Electricity Generating Authority of Thailand (EGAT) have signed a Memorandum of understanding (MoU) to explore green hydrogen and derivatives projects in Thailand.
The MoU intends to initiate the sustainability-focused collaboration. The three parties will plan to establish large-scale, renewable-powered green hydrogen and derivatives production facilities in Thailand for local energy consumption and global market export purposes.
The US$7 billion facilities will have a capacity to produce 225,000 tons of hydrogen equivalent to around 1.2 million tons of green ammonia per year.
The trio will now conduct an investment feasibility study for proposed green hydrogen project.
Country news
-
-
November 12, 2018
Mitsui to invest in 2.5 GW gas-fired power project in Thailand
Mitsui & Co., Ltd. has announced that it has entered into a project finance agreement for a gas-fired thermal power generation project jointly promoted with Gulf Energy Development Public Company Limited, a leading private sector electric power company in Thailand.
Read more -
March 21, 2018
ADB finances biomass project in Thailand
The Asian Development Bank (ADB) has enabled the financial close of a biomass power project in southern Thailand, by providing a loan equivalent of up to THB1.109 billion (US$35 million) to the project owner, Gulf Chana Green Company.
Read more -
February 27, 2018
ADB announces US$235 million for renewable projects in South-East Asia
The Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).
Read more -
December 07, 2017
WEH closes US$1.1bn financing on five Thai wind farms
Wind Energy Holding (WEH) announced that they have successfully closed financing for five of the company’s onshore wind farms, which altogether have a total capacity of 450 MW.
Read more -
October 25, 2017
GIP-led group acquires 100% of Equis Energy
Global Infrastructure Partners (GIP), an independent global infrastructure investor, has announced that its fund, Global Infrastructure Partners III - in conjunction with the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, CIC Capital Corporation and a group of its other Limited Partner Co-Investors - has agreed to acquire 100 percent of the equity interests in the wind and solar renewable energy portfolio of Equis Funds Group for US$5.0 billion (including assumed liabilities of US$1.3billion).
Read more
