Kyocera to expand solar energy business in Thailand

It eyes almost tripling its sales in the country.

Kyocera Corporation is expanding its solar energy business in Thailand, with plans to increase sales in the country by 2.5 times during the year ending March 31, 2018 compared with the previous year. Environmental, social and governance (ESG) investing is expanding globally as well, with 30% of total managed assets said to be considering ESG factors.

Since 2009, Kyocera has collaborated with Thailand’s leading solar developer, SPCG Public Company Limited (SPCG), developing 35 solar farms utilizing Kyocera solar modules from 2009 to 2014 and subsequently expanding from solar farms to rooftop solar systems. Kyocera approximately tripled its total sales in the country over the last fiscal year, and is planning to further increase sales by 2.5 times during the current fiscal year ending March 31, 2018.

Kyocera will continually promote rooftop systems in Thailand and will consider business expansion in other ASEAN countries through collaboration with SPCG.