BANGKOK — SKYWORTH Photovoltaic has signed a Memorandum of Understanding with Solve System (Thailand) for a combined 150MW solar energy initiative, comprising a 120MW utility-scale project and 30MW of residential solar installations.
The agreement, announced as China and Thailand mark 50 years of diplomatic relations, positions Thailand as SKYWORTH PV’s central hub for ASEAN operations.
Strategic Partnership Details
Under the partnership, SKYWORTH PV will supply solar modules, inverters, energy storage systems, and provide technical support, while Solve System will manage regional operations and leverage its established distribution network.
“This partnership is more than a signing—it is a symbol of trust, shared values, and shared vision,” said Ms. Wanfei Qu, Chief Investment Officer of SKYWORTH Group and CEO of SKYWORTH PV. “Clean energy will be one of the most promising areas for China-Thailand cooperation moving forward.”
Market Expansion Plans
SKYWORTH PV, which entered Thailand earlier this year, plans to expand into commercial and industrial projects within three to five years. The company previously partnered with ICBC (Thailand) and Olympus Capital in July to support green finance initiatives.
Mr. Tan Pinthanon, Managing Director of Solve System Group, emphasized the partnership’s potential impact: “By combining advanced technology with local expertise, we aim to make renewable energy more accessible, reliable, and affordable for both households and businesses.”
Company Background
SKYWORTH Group, founded 37 years ago as an electronics manufacturer, expanded into renewable energy through SKYWORTH PV. The division now offers comprehensive solar solutions for residential and commercial markets.
Solve System specializes in innovation-driven energy solutions with established experience in Thailand’s solar sector.
The partnership aims to reduce grid reliance, lower energy costs, and support Thailand’s sustainability targets while enhancing energy independence across the region.
___________
