GreenYellow has entered into partnership with Betagro to develop on-site solar plants at eight Betagro facilities across Thailand.
GreenYellow is a leading developer of decentralized solar PV projects while Betagro is a world-class branded food company.
The latest development is termed as a shared vision of the companies to adopt and promote clean energy as they ink a long-term solar PPA scheme.
According to the companies, the multi-site project will have a total installed capacity of over 8.3 MWp. It includes a variety of solar solutions including rooftops, solar farms, and solar carports.
Under the agreement, the solar power plants will be fully financed, designed, built, operated, and maintained by GreenYellow. It will own the solar plants while providing electricity cost savings for Betagro.
Chartchai Leukulwatanachai, Chief Operational Development Officer, Betagro Public Company Limited, was quoted in a statement, “Betagro sees the value in operating our business along with shaping sustainable growth throughout our value chain which serves to bring benefits to the society, communities, and the environment through conducting our business by ESG principles, covering the environmental, social, and govern aspects. “
So far, Betagro has already implemented solar systems in the factories as solar energy has powered 75% of the energy used.
Frank Glück, CEO of GreenYellow Thailand and Asia remarked, “We are proud to support Betagro making a success of its energy transition with our Solar PPA solution and to effectively contribute to reducing their carbon footprint by adopting solar energy.”
The duo shared that GreenYellow’s expertise will be the main essence for Betagro to achieve the SDG goals by shifting parts of the grid power to solar energy.