Thailand's first utility-scale solar power project has gone ahead despite tight credit markets worldwide, thanks to a $30 million project financing deal arranged by Clifford Chance for Thai…
Thailand's first utility-scale solar power project has gone ahead despite tight credit markets worldwide, thanks to a $30 million project financing deal arranged by Clifford Chance for Thai banking client Kasikornbank Public Company (KBank).
Bangkok-based counsel at Clifford Chance Joseph Tisuthiwongse called the transaction the first of many such projects as the jurisdiction moves toward a more diversified fuel mix, including renewable energy. Thailand's Ministry of Energy aims to increase its alternative energy capacity to 20 per cent of local demand by 2022.
