Constant Energy acquires Thailand solar business from Sonnedix

Constant Energy acquires Thailand solar business from Sonnedix

Renewables and storage investment platform Constant Energy has acquired
17.5MW of operating ground-mount solar PV assets, a team of developers and
operators, and a pipeline of development in Thailand from Sonnedix.

This is ConstantEnergy's second acquisition in Thailand this year, following
the acquisition of the Solareo Asian arm and its 30MW rooftop portfolio.

Franck Constant, Constant Energy president, said: "The acquisition of these
assets is an excellent fit with our strategy, brings scale to our operation
in Thailand and reinforces our commitment to a long-term presence in the
country. This is a well-known and low risk portfolio for us, which will add
US$8 million per year recurring EBITDA to Constant Energy globally, which is
significant as the company develops. I'm very pleased that we've been able
to complete the transaction in such a short period of time.

"Furthermore we are delighted to welcome this strong local team into our
group to pursue our long term local relationships and step up our
operational platform in Asia."

Constant added that this region is expected to deploy the highest amount new
solar capacity over the next five years.

Franck Constant was previously chairman and president of Sonnedix before
starting his second solar & storage company Constant Energy, as announced by
PV Tech last December.

Thailand is the most developed PV market in South East Asia with more than
3GW of PV plants in operation.

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Link to Original Article:
https://www.pv-tech.org/news/constant-energy-acquires-thailand-solar-busines
s-from-sonnedix

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com