Bloomberg News

SPCG to Sell 60 Million New Shares to Fund Solar Expansion

September 28, 2011

Sept. 28 (Bloomberg) -- SPCG Plc, a Thai solar farm developer, plans to sell 60 million new shares and seek loans to fund its expansion, President Wandee Khunchornyakong said.

The company aims to build a total of 34 solar projects, with a combined capacity of more than 200 megawatts, Wandee told reporters today. It now operates five projects with a combined capacity of 30 megawatts, while a further nine projects are scheduled to start operations in the first quarter of next year, Wandee said.

SPCG hired Kasikorn Securities Co. as a financial adviser for the share sale.

To contact the reporter on this story: Supunnabul Suwannakij in Bangkok at ssuwannakij@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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