New Solar Deal: UMC Metals and New Energy Capital Sign 1.6MWp Solar PPA for Thailand's Sustainability

New Energy Capital Asia, a prominent provider of corporate and industrial solar energy solutions, has announced a groundbreaking agreement with UMC Metals Ltd, a global leader in the metals industry. This significant partnership marks a milestone in Thailand’s renewable energy landscape, as New Energy Capital Asia finalizes a Power Purchase Agreement (PPA) with UMC Metals Ltd for an innovative 1.6MWp solar project featuring both floating and ground-mounted solar installations.

Key highlights of this pioneering solar PPA agreement include:

• Sustainable Energy Generation: New Energy Capital Asia will design, construct, and operate a cutting-edge solar project with a total capacity of 1.6MWp, aiming to generate an estimated 2,400 megawatt-hours (MWh) of clean energy annually. This sustainable energy source will power UMC Metals Ltd’s operations, advancing a greener and more sustainable future.

• Innovative Floating Solar: A significant portion of the project will feature floating solar panels, leveraging Thailand’s abundant water resources to efficiently and sustainably generate electricity.

• Long-Term Commitment: The PPA spans 15 years, ensuring UMC Metals Ltd’s access to clean and cost-effective energy over an extended period while contributing to Thailand’s renewable energy objectives.

• Carbon Footprint Reduction: By transitioning to solar energy, UMC Metals Ltd and New Energy Capital Asia aim to collectively reduce carbon dioxide (CO2) emissions by approximately 1,860 tons annually, showcasing their steadfast commitment to environmental responsibility and sustainability.

This transformative solar PPA agreement not only accelerates UMC Metals Ltd’s sustainability journey but also sets the stage for a cleaner and more eco-conscious energy sector in Thailand. New Energy Capital Asia expresses its pride in collaborating with UMC Metals Ltd and participating in this crucial step towards a more sustainable future.