Energy Expansion in Thailand
Constant Energy Secures THB 300 Million Green Financing from HSBC to Accelerate Renewable Energy Expansion in Thailand
In a significant move towards bolstering Thailand’s renewable energy infrastructure, Constant Energy, a leading renewable energy solutions provider in Asia, has secured a THB 300 million green financing facility from HSBC. This strategic partnership aims to accelerate the development and deployment of large-scale solar and battery energy storage projects across the country.
Strategic Financing for Sustainable Growth
The financing package comprises a green guarantee and standby documentary credit facility, designed to support the expansion of Constant Energy’s renewable energy projects in Thailand. This collaboration underscores HSBC’s commitment to supporting sustainable development and clean energy initiatives in the region. The funds will be utilized to enhance Constant Energy’s portfolio of rooftop, ground-mounted, and floating solar systems, catering to the increasing demand for renewable energy solutions among corporate clients.
Thailand's Renewable Energy Ambitions
Thailand has set ambitious targets to transition towards a low-carbon economy. The country’s Power Development Plan aims to achieve 15.6 GW of solar capacity by 2035, accounting for 20% of the national power generation capacity. This goal aligns with Thailand’s broader commitment to achieving carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065. The government’s support, including tax incentives for factories investing in renewable energy, further accelerates the adoption of clean energy solutions.
Constant Energy's Role in the Clean Energy Transition
Founded in 2017, Constant Energy has emerged as a prominent player in the renewable energy sector in Asia. With a portfolio exceeding 210 MW of solar projects across Thailand, Malaysia, and Vietnam, the company specializes in the development, ownership, and operation of large-scale solar, wind, and battery storage projects. As an affiliate of Virya Energy Group, Constant Energy benefits from strong financial backing and industry expertise, enabling it to deliver impactful, bankable solutions that drive the region’s clean energy transition.
Collaborative Efforts for a Sustainable Future
The partnership between Constant Energy and HSBC exemplifies the collaborative efforts required to accelerate the adoption of renewable energy solutions. By combining HSBC’s financial expertise with Constant Energy’s technical capabilities, the two entities aim to address the growing energy demands while contributing to environmental sustainability. This collaboration not only supports Thailand’s renewable energy goals but also sets a precedent for similar initiatives across the region.
Looking Ahead
As Thailand continues its journey towards a sustainable energy future, partnerships like the one between Constant Energy and HSBC play a pivotal role in driving the transition. The secured financing will enable the rapid deployment of renewable energy projects, reducing carbon emissions and promoting energy security. With a shared commitment to sustainability, Constant Energy and HSBC are poised to make significant contributions to Thailand’s renewable energy landscape.
About Constant Energy
Constant Energy is a leading developer, owner, and operator of large-scale solar, wind, and battery storage projects across Asia. Founded in 2017, the company has built a growing portfolio of over 210 MW of solar projects across Thailand, Malaysia, and Vietnam. Supported by Virya Energy’s strong financial backing and industry expertise, Constant Energy upholds the highest standards of environmental, social, and governance (ESG) performance.
About HSBC
HSBC is one of the world’s largest banking and financial services organizations, serving customers worldwide from offices in 57 countries and territories. With assets of US$3,214 billion at 30 June 2025, HSBC is committed to supporting sustainable development and clean energy initiatives globally.