Wind Energy Holding Portfolio

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The project involves the building and operation of 5 x 90 MW wind plants in located in Thailand’s north east provinces of Nakhon Ratchasima and Chaiyaphum. Five separate project companies were created to lead the development of the farms - Theparak Wind Co., Ltd (T1), Tropical Wind Co. Ltd (T2), K.R.S. Three Co. Ltd (T3), K.R. One Co. Ltd (T4) and Krissana Wind Power Co. Ltd (NKS). All of them are solely owned by Wind Energy Holdings, which is in turn majority owned by KPN Group. WEH has contracted three of the wind farms with GE Renewable Energy and six substations with GE Power. Construction on the projects has begun and commercial operations are expected to begin in 15 months. The investment is entirely covered by debt - arranged and wrapped by Siam Commercial Bank in the amount of $1,135.3 million. https://ijglobal.com/data/transaction/37485/wind-energy-holding-wind-portfolio-450mw https://www.reuters.com/article/us-wind-energy-holdings-financing/thailands-wind-energy-holdings-gets-1-14-billion-financing-idUSKBN1DT0FJ https://www.bangkokpost.com/business/news/1377007/weh-locks-wind-farm-deal