Padaeng Energy acquires 30 MW solar projects

Thailand-based renewable energy company Padaeng Energy has acquired six solar projects from Symbior Elements Holdings Limited totalling 30 MW of capacity. The acquired solar projects consists two 8 MW projects and one 3 MW project located in Prachinburi, a 6 MW and a 4 MW solar project in Samut Sakhon, and a 1 MW solar project located in Khon Kaen, Thailand. The total cost of acquisition is $39 million. A PPA for the offtake of power has been signed between Padaeng and the Provincial Electricity Authority for 25 years.