By Isabella Kaminski
Sopogy has signed a memorandum of understanding with Thai conglomerate MAI Development on the development of an 6 MW solar power plant in Bau Yai, Nakorn Ratchasima Province. The plant will provide electricity to the Provincial Electricity Authority of Thailand (PEA) in 2012.
Sopogy has granted MAI Development exclusive distribution rights for its micro concentrated solar power (MicroCSP) systems in Thailand, Cambodia, Laos and Vietnam. The solar technology uses mirrors and optics to intensify heat energy from the sun creating thermal energy.
MAI Development holds 45 power purchase licenses to supply 360 MW of electricity produced from solar energy to the PEA for an estimated value of over US$500 million (£310m).
Darren Kimura, President and CEO of Sopogy, says: "We are delighted to be partnering with MAI Development. MAI's commitment to solar thermal energy, strong track record in Thailand and excellent governmental relations within Southeast Asia make the company an ideal partner for Sopogy."
Phatthanasret Chayutthanabun, President of MAI Development, says: "Sopogy's proven solar technology with thermal energy storage and localised approach will help Thailand, Cambodia, Laos and Vietnam achieve clean energy goals and create local jobs.”