Constant Energy, a leading renewable energy solutions provider in Asia, has secured a green guarantee and standby documentary credit facility worth THB 300 million from HSBC. The financing will support the company’s expansion of large-scale solar and battery storage projects in Thailand, strengthening its role in the region’s growing clean energy market.
Asia’s renewable energy sector is experiencing rapid growth. According to the International Renewable Energy Agency (IRENA), the region added 328 gigawatts (GW) of renewable energy capacity in 2023, increasing total generation by 20%, which is faster than the global growth rate. Thailand is aiming for renewable energy to supply 51% of its total power generation by 2037, a target that will require significant new investments. As power demand continues to rise, countries across Asia, including Thailand, must accelerate their renewable energy development to meet climate goals and secure sustainable energy supplies.
Governments across the region are intensifying their efforts to attract investments in renewable energy, seeing it as essential both for achieving environmental targets and for driving long-term economic growth. In Thailand, the Board of Investment (BOI) continues to offer tax incentives for factories investing in renewable energy, making solar and battery projects more financially attractive and shortening payback periods. This environment creates a strong opportunity for Constant Energy to expand its clean energy portfolio in Thailand, meeting growing corporate demand and supporting the country’s transition toward a greener future.
Mr. Franck Constant, CEO and founder of Constant Energy, said in a statement, “We are pleased to partner with HSBC to expand our solar projects in Thailand, including rooftop, ground-mounted, and floating systems. This green guarantee and Standby DC facility will help us accelerate our mission to provide clean, renewable energy for our clients, enabling them to reduce their carbon emissions and electricity costs. By doing so, we not only help our clients achieve their sustainability goals but also enable them to focus on their core business activities with greater efficiency and profitability. Additionally, we are proud to support Thailand in achieving carbon neutrality by 2050 and reaching net zero greenhouse gas emissions by 2065.”
Mr. Aditya Gahlaut, Head of Global Trade Solutions, Asia, HSBC, mentioned, “We are honoured to be the banking partner of Constant Energy in their solar rooftop business expansion in Thailand. This collaboration demonstrates our longstanding relationship with Constant Energy not only in Thailand, but also across Asia and Europe, where we serve as a key banking partner in Thailand, India, Singapore, Malaysia, and Belgium.”
The financing provided by HSBC demonstrates the confidence that major international financial institutions have in Constant Energy’s business model, operational expertise, and long-term plans. With backing from global banks, Constant Energy is well positioned to increase its investments across Asia and deliver reliable, large-scale clean energy solutions that advance the region’s energy transition.
HSBC, officially The Hongkong and Shanghai Banking Corporation Limited, is the founding member of the HSBC Group. Operating from offices in 57 countries and territories and holding assets of US$3.214 trillion as of June 30, 2025, HSBC is one of the world’s largest banking and financial services organizations, with a long history of supporting sustainable development and climate-focused projects worldwide.
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