GreenRock Energy Partners, a leading Thailand-based renewable energy firm, is set to significantly expand its solar PV and energy storage portfolio. The company plans to add an impressive 1 GW of solar PV and 2 GW of energy storage capacity by 2027. This strategic push will primarily focus on the Thai market while also exploring promising opportunities in other Southeast Asian countries.
Expanding Solar PV and Energy Storage Portfolio in Thailand
GreenRock Energy Partners has laid out an ambitious roadmap to add 1 GW of solar PV and 2 GW of energy storage capacity by 2027. The scale of this solar deployment is substantial, relying on a sophisticated and efficient solar panel manufacturing process to supply the necessary components. The majority of these projects will be implemented in Thailand, cementing the company’s role in the nation’s energy transition.
The company is already a significant player, currently operating 60 MW of solar PV. It has also secured power purchase agreements (PPAs) for an additional 135 MW of solar PV and a massive 1,000 MW of energy storage. These secured projects are on track to be operational by 2025. To further accelerate this growth, GreenRock is launching an integrated program that combines solar PV, energy storage, and corporate PPAs, offering a comprehensive energy solution for the region.
GreenRock Energy’s Strategic Partnership for Thailand solar energy storage
GreenRock Energy was established in 2021 as a dynamic joint venture between Thailandโs Super Energy Corporation and Partners Group, a Swiss private equity firm. Initially formed to develop and operate renewable energy projects in Vietnam, the venture strategically combines local expertise with global financial strength. Super Energy Corporation holds a 49% stake, while Partners Group owns the remaining 51%.
Ready to make big Profits?
The solar Industry is Booming
WE HELP NEWCOMERS to the solar industry start their own solar module production line. Customers can make BIG PROFITS by selling modules and finding investors, without wasting money and time on things they don't need!
This partnership model allows GreenRock Energy to leverage the distinct strengths of both parent companies. Super Energy provides deep-rooted expertise in the Thai and regional energy markets, while Partners Group offers robust financial backing and extensive international experience in large-scale infrastructure projects. This collaborative approach is a cornerstone of their regional strategy, designed to navigate complex market dynamics and deliver projects efficiently.
Thailand’s Growing Renewable Energy Market and solar energy storage
Thailand has established ambitious targets for clean energy, aiming to increase its renewable capacity to 30% of the total energy mix by 2036. This national commitment has cultivated a highly favourable environment for companies like GreenRock Energy to invest and expand their operations. Achieving this goal will require a reliable supply chain, from sourcing solar panel raw materials to final installation.
To encourage this transition, the Thai government has implemented a suite of supportive policies, including feed-in tariffs, attractive tax incentives, and streamlined permitting processes for renewable projects. These proactive measures have successfully attracted significant domestic and international investment into the sector, positioning Thailand as a key growth market for clean energy in Southeast Asia.
Challenges and Opportunities Ahead for Thailand solar energy storage
While GreenRock Energyโs expansion plans are formidable, the path forward includes several challenges. The development of large-scale solar PV and energy storage projects requires enormous capital investment. Understanding the solar panel manufacturing plant cost breakdown reveals the financial depth needed to support such an expansion. The company will need to secure substantial additional financing to realize its ambitious goals.
Furthermore, navigating regulatory hurdles and securing suitable land for its projects remain critical operational tasks. Despite these challenges, GreenRock is exceptionally well-positioned to capitalize on the surging demand for renewable energy. Its integrated energy solutions and strong partnership foundation provide a distinct advantage in the marketplace. By mastering the basics of solar panel manufacturing and project development, the company is poised to lead the renewable energy charge in Thailand and the broader Southeast Asian region.
To learn more about the technology and investment behind these ambitious clean energy projects, explore our free e-course on solar manufacturing.
