Constant Energy, an affiliate of Virya Energy Group, has secured a THB 300 million (~$ 9.45 million) green guarantee and standby documentary credit facility from HSBC to expand its solar and battery storage portfolio in Thailand. The financing is helping develop rooftop, ground-mounted, and floating solar projects for corporate clients aiming to cut emissions and energy costs. HSBC said the deal builds on its long partnership with Constant Energy in Asia and Europe, covering countries like India, Singapore, Malaysia, and Belgium. The Thailand Board of Investment is still offering tax incentives for renewable energy, making solar projects more profitable and faster to recover costs. Thailand has also set national goals to become carbon neutral by 2050 and reach net zero emissions by 2065. The facility demonstrated the confidence of global financial institutions in Constant Energy’s business model, track record, and regional growth strategy.
Constant Energy & HSBC secured THB 300M financing in Thailand
HSBC provided THB 300m green financing to Constant Energy for solar and storage expansion in Thailand, backed by BOI tax incentives.
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