WHAUP Signs Agreement with Continental to Install 4.2MW Solar System

WHA Utilities and Power Public Company Limited (WHAUP) announced that the company has signed agreement with Continental Tyres (Thailand) Co.,Ltd, the leading German tire manufacturer, to install a 4.2 MW solar system at WHA Eastern Seaboard Industrial Estate 4. The contract will be valid for 15 years and expected to be completed and to generate revenue in February 2021.

 

The agreement covers the installation of solar systems at two factory buildings with a combined space of 27,400 square meters. The first factory will have a capacity of 482 KW and the second, 2,275 KW. Additionally, WHAUP will also install solar roof systems on its carpark, covering a total of 8,400 square meters with a generation capacity of 958 KW, and a floating solar farm on a 7,000 square meters pond, with a generation capacity of 475 KW. The solar energy installations in these four areas will generate a total of 4,190 KW or about 4.2 MW.

 

Once the 4.2 MW solar power system for Continental Tyres is completed, WHAUP’s electricity-generating capacity based on the shareholding will reach 596 MW. WHAUP expects this project to generate revenue of 16.3 million baht on average per year, or a total of 223 million baht for its 15-year service contract.

 

WHAUP has several solar power projects that have already began commercial operations (COD) and under construction with a total capacity of 47 MW. Ongoing projects under installation will have a combined capacity of 28 MW upon completion (COD) in Q3/2020 to Q1/2021. This shows WHAUP’s potential to serve the interest of industrial estate customers looking for green energy, to lower costs, save energy and protect the environment.