Sermsang Palang Ngan (SPN), which aims to build a renewable energy company, was founded with an initial paid-up capital of THB 10.0 millions.
After entering into a 40 MW (Non-Firm) Power Purchase Agreement with Electricity Generating Authority of Thailand to produce electricity with solar power, SPN developed and invested in the solar farm in Lopburi, Thailand (Project Sermsang Solar).
After careful selection of EPC contractors, project Sermsang Solar commenced construction.
Successfully started commercial operation date for Project Sermsang Solar
With a roadmap to list on Market for Alternative Investment (MAI), Sermsang Power Corporation (SSP) as a holding company was founded to invest in renewable project in domestic and international markets.
Completed the group restructuring as SSP steadily increased of its paid-up capital to THB 690.9 millions.
A solar farm with an installed capacity of 21 MW (net 17 MW) in Hidaka, Japan (Project Hidaka) commenced construction.
SSP increased its paid-up capital of THB 691.6 millions. SSP's shareholders approved SSP's initial public offering and listion on MAI and initiated process of public company conversion.
A solar farm with an installed capacity of 34.5 MW (net 30 MW) in Yamaga, Japan (Project Yamaga) commenced construction.
Listed on MAI, SSP will use the fresh capital to developing existing solar projects and future renewable energy opportunities.
A solar farm with an installed capacity of 8 MW (net 6 MW) in Kumamoto, Japan (project Zouen) commenced construction.
SSP invested solar farm with an installed capacity 16.6 MW (Net 15 MW) in Mongolia.
Project Hidaka has commenced commercial operation and SSP, through its subsidiary Sermsang Infinite Company Limited, has entered into a total of 3-MW Private Power Purchase Agreement with Do Home Company Limited to produce electricity from 5 solar rooftop sites.