A company that specializes in biomass energy production announced last week that it will build Thailand’s largest floating solar farm to supply power to industrial estates as part of the Kingdom’s adoption of the bio-, circular- and green (BCG) economy.

National Power Supply Company, a private-sector firm that owns and operates 11 biomass power plants in the Kingdom, said that it will build a floating solar power farm with a capacity of 150 megawatts.

Thailand made headlines last year when its state-run electricity agency built what at the time was the world’s largest floating solar farm atop a reservoir already used to produce hydropower. The government has plans to build several more of those dual-source facilities.

By following in the footsteps of the state agency, National Power Supply (NPS) is bringing the private sector onboard and advancing the Kingdom’s goals for reducing greenhouse gas emissions and transitioning to clean energy.

Yothin Dumnernchanvanit, Executive Director of NPS, said that growing demand for clean energy and the revenues his company was earning from supplying biomass power is giving it the ability to invest in the floating solar facility.

“Revenue in the first quarter exceeded our target,” added Yothin. “We have signed long-term contracts with more than 130 industrial customers, who trust the capacity of our biomass power plants nationwide and are willing to pay above market price for clean energy.”

Yothin also mentioned that others also benefit from clean energy production. He said that the company’s “Green Ecosystem” approach focuses on promoting participation among power plants, industrial customers, farmers and surrounding communities to produce and use renewable energy to create a stable power grid that will sustainably boost the grassroots economy.