EXIM Thailand Supports Impact Solar Group in Expanding Solar Rooftop Business

Thursday 09 December 2021 15:28
EXIM Thailand Supports Impact Solar Group in Expanding Solar Rooftop Business Conducive to Promotion of Innovations toward Bio-Circular-Green Economy
EXIM Thailand Supports Impact Solar Group in Expanding Solar Rooftop Business

EXIM Thailand has rendered a financial facility worth 360 million baht to Impact Solar Group for its expansion of investment in solar rooftop business with a generating capacity of more than 22 MW for distribution to private entities. This would lead to development of clean-energy industrial sectors and innovations contributing to Thailand's development toward bio-circular-green economy, which is in line with EXIM Thailand's vision and mission to uplift Thai economy with innovations of the new era on a sustainable basis.

Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), Mr. Woramol Peck Khamkanist, Chief Executive Officer of Impact Electrons Siam Co., Ltd., and Mr. Somboon Lertsuwannaroj, Chief Executive Officer of Impact Solar Group (Thailand) Co., Ltd., jointly signed a 360 million baht credit facility agreement at EXIM Thailand's Head Office on December 7, 2021 for Impact Solar Group (Thailand) Co., Ltd.'s investment in installation of solar rooftop system with a generating capacity of 22.06 MW for distribution to private enterprises.

With the aspiration to be Thailand Development Bank, EXIM Thailand has so far provided financial supports to Impact Solar Group in a total amount of 1,294 million baht for more than 70 solar rooftop installation projects with a combined capacity of 96 MW to promote investment in clean-energy business, reduce emissions of greenhouse gases from business operations to the environment, and relieve global warming and climate change threats that have been intensifying at present. This has also responded to Thailand's efforts to achieve carbon neutrality target under the Paris Agreement by 2065 in line with the government policy and sustainable development goal of EXIM Thailand.

"EXIM Thailand has remained steadfast in our cooperation with the public and private sectors with common mission to drive sustainable development of Thailand and the world at large. We have also strived to carry on our financial management and investment with social and environmental development as well as good governance always kept in mind, in order to jointly tackle all business problems and challenges, particularly the mounting environmental crisis. This has been undertaken in conjunction with our efforts in rebooting, rebuilding and rebalancing Thai entrepreneurs of all sizes so that they would be able to weather the ongoing crisis and well compete in the global market with capabilities to keep pace and cope with all changes in the Next Normal era in a firm and sustainable manner," added Dr. Rak.

Source: Export-Import Bank of Thailand