Symbior Solar 29MW PV project

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On November 23rd 2015, Symbior Solar (“Symbior”), a leading developer of solar PV power plants in Asia, announced the closing of a project financing totaling THB 1.45 billion (US$ 40.5 million) with Krung Thai Bank Public Co. Ltd. (“KTB”), Thailand’s largest lender by assets. Arranged through Symbior’s subsidiary ATC Enviro Co. Ltd. the debt instrument completes the full financing of Symbior’s 29MW portfolio of solar power plants in central Thailand. The solar PV power plants span five sites in the Prachinburi and Samut Sakhon Provinces, with each individual plant’s capacity ranging between 3MW and 8MW. Construction began in June 2015 and commercial operation is planned for December 2015. The financing is being provided by a single lender, Krung Thai Bank. The Provincial Electricity Authority is the offtaker under a 25-year power purchase agreement, which is priced at Bt5.66 per kWh. http://www.symbiorsolar.com/index.php/2015/11/23/symbior-solar-completes-financing-of-29mw-of-solar-projects-in-central-thailand/