Thai coal major Banpu aims for 6-fold solar growth with Aussie deal
Banpu, Thailand’s largest coal company, has moved to acquire two solar farms in Australia as it seeks to boost capacity in this field of renewable energy roughly sixfold by 2025.
Banpu announced Tuesday the 97.5 million Australian dollar ($75.4 million) purchase of the power stations with a combined capacity of 166 megawatts from North Sydney-based New Energy Solar.
The move comes as coal, which accounts for 80% of Banpu’s revenue, faces a global backlash from industry and investors seeking to cut carbon dioxide emissions.
