UOB Thailand and KASIKORNBANK (KBank) have jointly extended tailored green acquisition and structured financing to support Levanta Renewables in its acquisition of 34 solar power projects nationwide, completed through to two separate deals.
The transactions, backed by Actis, a leading global sustainable infrastructure investor, mark a significant step forward in advancing Thailand’s renewable energy transition and the broader regional shift towards sustainable power generation.
With a combined generating capacity of 230 megawatts, the 34 solar power projects, will supply clean energy under long-term Power Purchase Agreements (PPAs) with the Provincial Electricity Authority (PEA) of Thailand. This initiative underscores the country’s commitment to increasing renewable energy’s share in the national energy mix and achieving net zero carbon emissions.
These transactions highlight investor confidence in Thailand’s renewable energy market and support the reinvestment of capital to advance the nation’s clean energy transition.
Mrs Vira-anong C. Phutrakul, Deputy CEO and Country Head of Wholesale Banking, UOB Thailand, said that “Southeast Asia’s low carbon transition is gaining pace, and UOB is proud to help drive it. Partnering with Levanta Renewables and KBank, we are advancing green investment in Thailand to deliver long-term value for both business and society.”
Mr Tipakorn Saiphatana, Executive Vice President at KBank, stated “KBank committed to being the most comprehensive climate finance and solutions provider, to empower business and Thailand towards a low-carbon economy. KBank is proud to play a pivotal role in supporting Levanta Renewables in developing Thailand’s clean energy infrastructure. This partnership reinforces KBank’s goal of delivering sustainable finance and investment, to support effective low-carbon economy transition in Thailand.”
Mr Pankaj Sakhuja, CIO of Levanta Renewables, said that “This acquisition marks a key milestone in Levanta’s growth in Thailand and reinforces our commitment to supporting the country’s renewable energy ambitions. It reflects our vision to build a cleaner, more resilient energy future for the region. We’re grateful for the strong support from UOB and KBank, whose green financing solutions are instrumental in helping us deliver reliable, clean energy to Thai communities.”
The partnership between Levanta, KBank and UOB represents a continued push toward sustainable finance, helping Thailand move closer to its renewable energy targets and long-term environmental goals.