Higher power bills driving move to rooftop solar, helping offset lower margins at solar farms
SPCG’s Solar Power Korat 1 plant in the northeastern province of Nakhon Ratchasima. (Photo: SPCG)
SET-listed SPCG Plc, a pioneer in solar farm development in Thailand, expects to earn more revenue from sales of rooftop solar panels for residential and commercial buildings as well as industries, as solar power becomes more popular.
A surge in electricity bills is a key factor driving demand for rooftop solar panels among households and businesses, said Pipat Viriyatranon, financial director of SPCG.
The company’s wholly owned subsidiary Solar Roof Thai, which was set up in January, sells products for…
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