French multi-energy major TotalEnergies SE has recently signed a binding, long-term agreement to deliver a 2.7 Megawatt peak solar PV (photovoltaic) rooftop and power 27% of the needs of TOA’s group factories with green power.
TOA Paint is a leader in the paint, coating, and total solutions in the construction industry in both Thailand and the ASEAN region. It manufactures and distributes decorative and non-decorative paint and coating products. TOA needed a clean energy solution to drive its sustainability targets and chose TotalEnergies, known for their technical expertise in deploying renewable energy solutions around the world in highly complex industrial sites.
Under the agreement, TotalEnergies will install and operate the PV solar system while TOA will pay for the electricity generated for 15 years, without taking any upfront investments.
With around 5,022 modules installed, the PV system will generate around 3,970 Kilowatt-hours (KWh) of renewable electricity annually in total, and TOA will significantly increase cost savings and reduce its carbon footprint, with an estimated total of 2,780 tons of CO2 emissions avoided annually. This is equivalent to removing 460 cars from the road or planting 27,800 trees annually.
(Sources: TotalEnergies; Renewables Now)