Shizen International (Thailand), a subsidiary of Japan-based renewable energy developer Shizen Energy Group, has signed a memorandum of understanding (MoU) with Sena Solar Energy to collaborate on the development of renewable energy in Thailand. The two companies will explore further opportunities in the Thai renewable energy market, including a floating/rooftop hybrid solar project of over 60 megawatts in Thailand. The partnership will involve the development of solar generation facilities and providing clean energy solutions to the Thai government and private sector.
Shizen International (Thailand) has mainly developed its business through long-term power purchase agreements using roof-mounted solar power generation for industrial facilities. The company’s total power generation capacity to date has reached 12.6 MW, with a total of 24 MW including those under construction. Shizen Energy Group is operating renewable energy development businesses in Malaysia, Indonesia, Vietnam, and the Philippines, in addition to Thailand, making the company one of the most active players in the Southeast Asian renewable energy market.
Sena Solar Energy is a fully integrated solar energy company that offers a complete turnkey solar energy solution, including consulting services and comprehensive after-sales support for solar roofs. At present, the company installs solar panels in housing projects and condominiums developed by Sena Development Plc. and clients in the industrial sector, government sector, and other residences.
The partnership between Shizen International (Thailand) and Sena Solar Energy reflects the growing interest in and commitment to renewable energy development in Thailand. With an increasing demand for clean energy solutions and the Thai government’s push for renewable energy, the partnership is poised to contribute significantly to the country’s transition to a low-carbon economy. The exploration of a floating/rooftop hybrid solar project over 60 MW is a promising initiative that aligns with the global shift towards renewable energy and decarbonization. The partnership will also strengthen the position of both companies in the Thai renewable energy market, which is expected to grow significantly in the coming years.
(Source: Shizen Energy)