Please note: you are viewing an old version of this deal. The current version can be found here: Deal #9494

Deal #9494 Version #91843

Thailand

Created at

2022-06-23

Last update

2024-02-13

Last full update

2024-02-12

Land area

Comment on land area

No Land Area found on data sources found online. There is a total of103 turbines in operation.

Intention of investment

[2019, current] Wind farm
[2022, current] For carbon sequestration/REDD

Comment on intention of investment

Wind Farm with 5 total projects and a capacity of 260 MW; In the year 2022, the Company is extremely proud that it has signed the purchase-sale agreement of carbon credits as a result of its electric bus operation business with the Swiss Federation.

Nature of the deal

Lease

Comment on nature of the deal

This agricultural land is owned by the government and leased to farmers on what is called “Sor Por Kor” land. Deeds are issued and managed by the Agricultural Land Reform Office (ALRO).

Negotiation status

[2022, current] Concluded (Contract signed)

Comment on negotiation status

In the year 2022, the Company is extremely proud that it has signed the purchase-sale agreement of carbon credits as a result of its electric bus operation business with the Swiss Federation. Thailand and the Swiss Federation are the first partners in buying carbon credits between countries. Following Article 6.2 of the Paris Agreement, which has resulted in an estimated 500,000 tons of carbon credits exchanged between 2023-2030.

Implementation status

[2019-04-13, current] In operation (production)

Comment on implementation status

Full operation of all 5 projects was on April 13, 2019. First 2 projects began operation in January 25, 2019

Purchase price

0.03