SSP sells 34.5 MW Yamaga solar farm in Japan

MGR Online•Economy•13d ago

Reader Briefing

Sermsang Power Corporation has completed the sale of the Yamaga solar power plant in Japan to enhance liquidity and fund future renewable projects.

•Sermsang Power Corporation sold the Yamaga solar power plant in Japan with an installed capacity of 34.5 MW.
•Special profits from the sale will be recorded in the third quarter of 2026.
•Sermsang Power Corporation plans to expand renewable energy projects by approximately 420 MW in Thailand and abroad.
•The company intends to participate in the new PDP 2026 bidding round.

•Sermsang Power Corporation completed the sale of the Yamaga solar power plant in Japan which has an installed capacity of 34.5 MW.
•Sermsang Power Corporation will record special profits from the Yamaga project sale in the third quarter of 2026.
•The returns from the transaction will increase liquidity and working capital for Sermsang Power Corporation to develop projects and reduce interest-bearing debt.
•Sermsang Power Corporation is preparing to bid for the PDP 2026 round following the Ministry of Energy's draft plan to increase renewable energy proportions to 60-80%.
•Sermsang Power Corporation expects the commercial operation date (COD) for two community waste-to-energy projects totaling 19.8 MW in the fourth quarter of 2026.
•Sermsang Power Corporation plans to COD approximately 420 MW over the next 2-3 years, including three solar farms in Thailand (108.6 MW) and the Bago wind farm in the Philippines (150 MW) in 2027.
•Sermsang Power Corporation has plans for further COD projects exceeding 146 MW continuing until 2030.

Full article content is available on the original source.

Sermsang Power Corporation(เสริมสร้าง พาวเวอร์ คอร์ปอเรชั่น จำกัด (มหาชน))

A renewable energy developer that sold the Yamaga solar power plant and is expanding its portfolio in Thailand and abroad.

Ministry of Energy(กระทรวงพลังงาน)ℹ️

The government body that drafted the national power development plan focusing on renewable energy.

Chayut Leehacharoenkul(ชยุตม์ หลีหเจริญกุล)

Chief Financial Officer of Sermsang Power Corporation.

Japan(ญี่ปุ่น)ℹ️

The location of the Yamaga and LEO 2 solar power plants.

Thailand(ประเทศไทย)ℹ️

The location where Sermsang Power Corporation plans to develop three solar farm projects.

Philippines(ฟิลิปปินส์)ℹ️

The location of the Bago wind farm project.

Bago(บาโก)

The location of a 150 MW wind farm project in the Philippines.

PDP 2026

A power development plan focusing on renewable energy to reach Net Zero 2050.