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Thursday, May 2, 2024

Solar D sees 100% revenue hike to B1bn

Mr Sumrit, right, is upbeat on solar power in Thailand thanks to government
support of renewable energy.

Solar D Corporation, the distributor of the Tesla Powerwall energy storage system, expects its revenue to soar by 100% this year to 1 billion baht thanks to growing demand for solar power in Thailand from both the commercial and residential sectors.

The company predicts positive business prospects in the rooftop solar panel and energy storage business in the country because the government has a clear policy to support a shift towards renewable energy, said Sumrit Sitthiwaranuwong, managing director of Solar D.

“In 2022, the company recorded total revenue of around 500 million baht,” he said.

Up to 90% of the earnings…

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