Hitachi Capital, Hitachi Asia and SANTEC begin their cooperation
to advance the solar power generation business in Thailand
Contribute to the installation of commercial renewable energy systems
Tokyo, December 25, 2020 — Hitachi Capital (Thailand) Co., Ltd. (President: Tomoki Ariizumi, ‘HCT'), a subsidiary of Hitachi Capital Corporation (TSE: 8586, President and CEO: Seiji Kawabe, ‘Hitachi Capital'), Hitachi Asia (Thailand) Co., Ltd. (Managing Director: Yoshihiro Sugeta, ‘Hitachi Asia (Thailand)'), a subsidiary of Hitachi, Ltd. (TSE: 6501, President and CEO: Toshiaki Higashihara), and SANTEC POWER SOLUTIONS CO., LTD. (Director: Masamichi Imoto, ‘SANTEC') today signed a Memorandum of Understanding (‘MOU').
Three companies will sponsor the installation of commercial solar self-consumption equipment within the Hitachi Group in the Kingdom of Thailand (“Thailand”) on the basis of the Memorandum of Understanding. As a first step in the cooperation between three companies, it is planned to install the solar self-consumption devices on the roof of the gateway plant (Chachoengsao, Thailand) of Hitachi Automotive Systems Asia, Ltd. and start generating electricity from the end of March 2021. In addition, the business will be expanded to Japanese and local companies in Thailand in the medium to long term.
In recent years, given the growing global climate problem, there has been a growing trend towards practically zero greenhouse gas emissions in order to achieve a decarbonization society. In Thailand, the Electricity Development Plan provides that 33% of renewables will account for 33% of total electricity generation capacity in 2037. On the other hand, there is a need to reduce carbon dioxide (CO2) emissions in business operations through self-consuming renewable energies such as solar energy generation are increasing.
With this collaboration, HCT, Hitachi Asia (Thailand) and SANTEC will continue the installation of solar self-consumption devices within the Hitachi Group in Thailand. The customer can install renewable energy without their initial investment and will make the payment according to the amount of solar power generation. These three companies are aiming for a power generation capacity of 10 MW by 2023.
As a power producer, HCT concludes a power purchase agreement (PPA) with a customer and installs solar self-consumption devices including panels on the roof of a business office or factory, and sells all electricity generated.
Hitachi Asia (Thailand) will take the lead in project management as the project leader and deliver the Advance Solar String inverter and energy management system to achieve the goal of a smart, sustainable society with green energy.
As a construction and maintenance company, SANTEC offers services from a single source – planning, procurement, construction and maintenance. SANTEC is a subsidiary of the SANKO Group, which has a great international track record in the field of solar energy and industrial systems. SANTEC will use the knowledge and experience of its group to carry out trouble-free and high-quality construction and maintenance work.
Hitachi Capital Group developed and operated its solar and wind power plants and installed the solar self-consumption equipment in a company that seeks decarbonization with PPA in Japan. This is the first time Hitachi Capital Group has stepped into solar self-consumption solutions overseas. Hitachi Capital Group is taking this opportunity in Thailand to accelerate its solar self-consumption solutions worldwide and help build a decarbonization society.
Hitachi Asia (Thailand )’s mission is to develop and expand the Hitachi Group's business in Thailand. Solar power generation will be part of his solutions to expand our business with social innovations.
SANTEC has been offering its solar energy solutions since 2018 and will make a contribution to society as a member of this collaboration in Thailand, where the renewable energy business is to be increasingly expanded in the future.
HCT, Hitachi Asia (Thailand) and SANTEC will help solve the customer problem by pursuing the solar self-consumption solutions and realize the decarbonization society in Thailand by expanding this business to the whole country.
About Hitachi Capital Group
Hitachi Capital Group aims to both solve social problems and grow on the basis of SDGs worldwide as a “company that creates social value”. In its mid-term management plan “FY2019 – FY2021”, Hitachi Capital Group positions “Environment / Energy”, “Mobility”, “Life” and “Distribution Financing” as key businesses and pursues the development of new business areas to solve problems companies and local communities face and face evolve into new values that enhance partnering, service shift and commercialization and their combined business beyond finance. Please visit Hitachi Capital and HCT's website for more information.
About Hitachi Asia (Thailand) Co., Ltd.
Hitachi Asia (Thailand) Co., Ltd. was founded in 1992 and provides expert solutions to meet the needs of customers in Thailand, Laos and Cambodia. Hitachi Asia (Thailand) focuses on the Smart Cities, Smart Manufacturing and Smart Public Services business areas with the aim of contributing to the community as a responsible corporate citizen.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, focuses on the social innovation business combining information technology (IT), operational technology (OT) and products. The company's consolidated sales for fiscal year 2019 (ended March 31, 2020) were 8,767.2 billion yen ($ 80.4 billion) and employed approximately 301,000 people worldwide. Hitachi is driving digital innovation in five sectors – mobility, smart life, industry, energy and IT – through Lumada, Hitachi's advanced digital solutions, services and technologies that transform data into insights to drive digital innovation. The aim is to deliver solutions that increase the social, environmental and economic value for customers. For more information about Hitachi, please visit the company's website at https://www.hitachi.com.
About SANTEC POWER SOLUTIONS CO., LTD
SANTEC is a joint venture of SANKO CONTROLS CO., LTD., SANKO INDUSTRIAL SOLUTIONS CO., LTD. And Hitachi Power Solutions Co., Ltd. SANTEC offers services for electricity / instrumentation / control and the construction of solar power generation with the technical support of Sanko Group and Hitachi Power Solutions. SANTEC will continue its business continuously in order to harmonize quality, environment and safety.
Hitachi Capital Corporation
Strategic Management Department, Corporate Planning Department
3-1, Nishi Shimbashi 1-chome, Minato-ku, Tokyo, 105-0003
TEL + 81-3-3503-2118 (main)
Hitachi Asia (Thailand) Co., Ltd.
12th floor, Ramaland Bldg., No. 952, Rama IV Road, Suriyawongse, Bangrak,
Bangkok 10500 Thailand
TEL + 66-2632-9292 (office)
Disclaimer of liability
Hitachi Ltd. posted this content on December 25, 2020 and is solely responsible for the information contained therein. Distribution by the public, unedited and unchanged, on December 25, 2020 05:26:06 AM UTC