EGCO Group has successfully installed 80 Yunlin wind turbines, preparing to close the job of supplying electricity to the grid, totaling 640 megawatts, by the end of this year. Meanwhile, Ratcha Group has moved solar power to Bacolod, Philippines, with a production capacity of 145 megawatts, and is scheduled to start commercial operations in 2025.
Dr. Jiraporn Sirikham, President of EGCO Group, revealed that the construction of Yunlin, located in the Taiwan Strait, off the coast of Yunlin County, Taiwan, is progressing according to plan. The latest update is that all 80 wind turbines have been installed to generate electricity, and 78 out of 81 cables have been laid to supply electricity to the grid. Yunlin’s progress is the result of the cooperation of all parties involved in the project management and efficient construction planning, as well as the continuous support from the Taiwanese government and relevant agencies in all aspects. EGCO Group is confident that Yunlin will be able to supply electricity t
o the grid by the end of 2024. When the project is completed, it is expected to generate cash flow of 2 billion baht per year for EGCO Group in the first 5 years of the project.
EGCO Group holds a 26.56% stake in the Yunlin Project, which has a net generating capacity of 640MW and has a 20-year power purchase agreement with Taipower (Taiwan Power Company). Currently, commercially operating wind turbines have supplied more than 1,600GWh of renewable energy into the Taiwan grid. When the project is completed, it will be able to supply electricity to more than 600,000 Taiwanese households.
Mr. Nitat Vorapanpipat, Chief Executive Officer of Ratcha Group Public Company Limited, said that the Bacolod Solar Power Plant Project in the Philippines, with a maximum power generation capacity of 145 megawatts (MWp), located in Negros Occidental Province, Philippines, will start construction in October 2024 after successfully securing loans from two Philippine financial institutions, Security Bank Corporation and Philipp
ine National Bank, and is expected to be commercially operational in the fourth quarter of 2025. The project has a project cost of over 100 million US dollars, which will install photovoltaic (PV) solar cells. In the second phase, the project plans to install a battery energy storage system to make electricity production and distribution more stable. Most of the electricity produced will be sold to affiliates of the Aboitiz Power Corporation group under a 10-year power supply agreement, while the rest will be sold in the wholesale electricity spot market, with Nexif Ratcha Energy Investment Company Limited, in which the company holds a 49 percent stake, as the project manager and operator.
In addition to the Calabanga Solar Power Project and the Bacolod Solar Power Project, Nexif Raj Energy Investment Co., Ltd. is also developing two other wind power projects: the San Miguel Bay nearshore wind power project with an installed capacity of approximately 500 megawatts and the Lucena offshore wind power project w
ith an installed capacity of approximately 475 megawatts.
Source: Thai News Agency