BANPU Soars 10% in Anticipation of Gaining Direct-Indirect Profit from “Yabuki Solar”

The share price of Banpu Public Company Limited (BANPU) rose ฿0.85/share or 9.34% to close the morning session on Wednesday at ฿9.95/share with a trading value of 2,883 million baht.

 

On December 16, 2020, Banpu Power Public Company Limited (BPP) announced that Yabuki Solar Power Plant in Japan that BRE Singapore Pte. Ltd (BRES), subsidiary of Banpu NEXT Co., Ltd. (Banpu Next) in which BPP and BANPU equally held 50% have invested 75% under TK structure successfully achieved Commercial Operation Date (COD) on December 16, 2020.

The Solar farm is in Fukushima prefecture with capacity of 7 MW, has entered into Power Purchase Agreement with Tohoku Electric Power Co., Inc. for a period of 20 years with Feed-in-Tariff (FIT) of JPY 36 per Kilowatt-Hour. It can supply electricity to about 1,700 households in the area and will be named “Sawadee Yabuki Hatsudensho” solar farm.

Inclusive of this project, Banpu Next currently holds interest in 17 Solar Power Plant Projects in Japan with generation capacity of 240.0 MW on Equity-base capacity, under which had been COD for a total of 87.89 MW on Equity-base capacity.

 

BPP will continue to seek investment opportunities in Asia Pacific to achieve its growth target of 5,300 MW by 2025, focusing on markets with attractive growth and supportive government policy.