Solar in Thailand: Enerray UAC Thailand to build one of the biggest roof-top solar PV systems
The solar power station will be built for the Thai Metal Trade Public Company Ltd in the Ayutthaya province. A system made up of 7,575 photovoltaic modules installed on four sheet metal roofs, covering a total area of 35,500 m2 and with an estimated annual output of 3,500,000 kWh of clean energy.
Enerray-UAC Thailand (UAC.SET) will be building one of the largest roof-top photovoltaic systems in Thailand, with a total capacity of 2.5 MWp, enough to meet the annual energy needs of 1,400 Thai households and avoiding the emission of around 1,800 tonnes of CO2 into the atmosphere, providing an estimated annual output of 3,500,000 kWh of clean energy.
This important PV system will be built by Enerray UAC for the Thai Metal Trade Public Company Ltd in the province of Ayutthaya (near Bangkok). The system will be made up of 7,575 PV modules installed on the sheet metal roofs of four production areas, covering a total of 35,500m2, 36 high-power string inverters will convert the electricity from DC to AC. Enerray UAC will also be in charge of system maintenance.
The Board of Investments of Thailand (BOI) incentive is based on a three-year corporate income tax exemption to cover 50% of the investment value, this means that the payback period for the PV system is reduced to just 3 years with a really advantageous 24.7% Internal Rate of Return, an exceptionally high rate for energy projects.
Moreover, the system has been designed to ensure 100% consumption of the energy produced, meaning the production plant’s electricity bill will drop by 33%.
Enerray UAC earned the trust of the Thai Metal Trade thanks to its consolidated expertise and extensive worldwide experience in the building of PV systems based on high-quality solar modules and inverters and reliable PV power stations and with the added benefits of highly competitive prices and highly efficient and rapid maintenance. This is why Thai Metal Trade chose Enerray UAC, not only to realize the project, but also to service and maintain the solar system once installed.
Thai Metal Trade Public Company Limited (TMT), established on April 17th 1992, is a Bangkok-based company listed on the SET (Stock Exchange of Thailand). The company was positioned as a fully integrated steel solution provider. Offering a full range of steel products, expertise in steel trading and manufacturing combined with an excellent distribution system and plus proactive marketing strategies, Thai Metal Trade was soon on its way to guaranteeing long-term growth, becoming what is now one of Thailand’s largest integrated steel service centres.
Enerray UAC Thailand (UAC.SET): Enerray operates in Thailand through a partnership with the UAC Global Public Company Limited, a leading Bangkok-based company listed on the SET (Stock Exchange of Thailand). Enerray has already built several power plants on commercial and industrial rooftops and it has recently secured 75 MWp in Operation and Maintenance (O&M) contracts. Enerray UAC Thailand has already built and connected different roof-top photovoltaic systems, thus contributing to the development of renewable energy in the country.