- The Thai based commercial and industrial solar developer has secured a $50.2m loan to support its expansion activities.
- The company believes that the financing will boost its goals of supporting the local economy and providing clean energy services to many.
Constant Energy Group, a Thai solar developer, has secured Thailands largest commercial and industrial solar sector green loan. The company’s founder and chief executive Franck Constant announced the approval of a THB1.5 billion ($50.2 million) loan from Bangkok-based TMB Bank. The loan will help the solar developer expand its commercial and industrial solar activities.
The Thai company had earlier secured a $15 million loan from the Global Climate Partnership Fund (GCPF) [the German state development lender].
Franck Constant also noted that “The financing paves the way for our accelerated growth and further demonstrates Constant Energy’s long-term commitment to, and confidence in, Thailand – through providing reliable, distributed renewable energy supply and working in partnership with our clients, by reducing their operating cost; with the communities, by supporting the local economy; providing employment opportunities; and protecting the environment.”