The Asian Development Bank (ADB) has agreed to finance the Southern Thailand wind power and battery energy storage project. The loan was signed with Lomligor, a subsidiary of BCPG Public Company (BCPG). The project is expected to generate around 14,870MWh of electricity annually while offsetting 6,364 tonnes of carbon in the country starting this year. Additionally, the project is expected to grow the flow of renewable energy to Thailand’s domestic grid. ADB private sector operations department Southeast Asia, East Asia, and the Pacific infrastructure finance division director Jackie B Surtani said: “This project contributes to Thailand’s Power Development plan targets for clean energy and also demonstrates the potential of integrated renewables and batteries to provide clean energy for southern Thailand.
As part of this initiative, ADB will provide a loan of THB235.55m ($7.2m) to Lomligor for the construction of a 10MW wind power plant, which will utilize 1.88MWh pilot battery energy storage system.Source : https://www.power-technology.com/news/adb-to-finance-thailand-wind-power-and-battery-energy-storage-project/
View all SMART GRID Bulletins click here