Solar leader SPCG cuts 2020 growth estimateSPCG's Solar Power Korat 1 in Nakhon Ratchasima will see adder tariffs expire this year. So far SPCG has invested in 36 solar farms in Thailand with a total capacity of 260MW. SET-listed SPCG, the largest solar farm operator by capacity, is slashing its 2020 revenue estimate, expecting growth of only 3.3% because of the pandemic. Earlier this year, before the outbreak spread worldwide, the company estimated 25% growth to 6.7 billion baht, fuelled by its new businesses. The company remains firm on its plan to expand solar power capacity to 3,000MW by 2037.

Source: Bangkok Post July 06, 2020 23:48 UTC