Thailand-based solar power company SSP (Sermsang Power Corporation) said its board on the 9th approved a plan to sell the Yamaga Solar Power Plant it operates in Japan’s Kumamoto prefecture.
According to a filing with the Stock Exchange of Thailand (SET), SSP will sell its 90% stake in the plant, held through subsidiaries Sergi Energy and S Global Power, to a Japanese renewable energy power producer. The sale price is expected to be about 4.976 billion yen, and the transaction is set to be completed during the second quarter (April-June).
The Yamaga plant has capacity of 34,500 kilowatts. It began operating May 30, 2020, and sells electricity to Kyushu Electric Power under a contracted capacity of 30,000 kW on a 20-year term.
* This article has been translated by AI.
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