Constant Energy, a leading renewable energy solutions provider in Asia, has secured a THB 300 million green guarantee and standby documentary credit facility from HSBC to support the expansion of large-scale solar and battery storage projects in Thailand.
Asia’s renewable energy sector continues to experience strong growth. According to the International Renewable Energy Agency (IRENA), the region added 328 GW of renewable capacity in 2023, increasing total generation by 20%—well above the global growth rate. Thailand, in particular, aims to generate 51% of its power from renewable sources by 2037. Mr. Franck Constant, CEO and founder of Constant Energy, said: “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, said: “We are honoured to be the banking partner of Constant Energy in their solar rooftop business expansion in Thailand.
As power demand rises, accelerating renewable energy investments across Asia, including Thailand, is critical to meeting climate goals. This dynamic market presents a prime opportunity for Constant Energy to expand its renewable energy portfolio, responding to growing corporate demand and supporting Thailand’s national transition toward a sustainable energy future.
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