CleanMax has engaged off-takers including a 3.5 megawatt (MW) rooftop solar plant for a leading multi-billion dollar conglomerate. Corporates are quickly adopting renewables sourcing at scale to achieve the twin benefits of cost savings and carbon footprint reduction.
According to the joint press release, for CleanMax, Thailand is a good opportunity as it has a large commercial and industrial (C&I) base and a mostly untapped C&I solar market. The consumers there are generally charged the highest grid electricity tariffs, thus they are expected to be the biggest adopters of decentralized solar solutions in the next few years as a cheaper alternative. For GCPF it supports the development of the C&I sector in the region, where local commercial bank financing is typically not yet available for similar projects, it added. CleanMax has completed over 500 projects with over 150 corporate clients and has an operating capacity of over 600 MW, with another 200 MW in the pipeline.