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Friday, May 3, 2024

Solar startup estimates capacity to treble this year

Growing demand for solar energy from households and businesses as a result of new lifestyles transformed by the pandemic is expected to help energy startup Ion Energy Co expand its rooftop solar panel installation capacity from 5 to 15 megawatts this year.

Covid-19 has caused more people to work remotely from home, despite the government relaxing lockdown measures and reopening the country since late last year, said Peerakarn Manakit, chief operating officer of Ion Energy.

“Our estimate of triple growth is based on the skills of our staff and the trend of choosing homes with lower electricity bills,” he said.

Ion Energy expects its installation capacity to reach 150MW within five years under its planned capital spending of 625 million baht.

The company provides rooftop solar panel installation for homeowners and business operators in both megawatt and kilowatt…

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