BCPG Public Company Limited (BCPG), Bangchak Corporation Public Company Limited’s renewable energy (RE) unit, has invested USD24 million in VRB Energy’s convertible bonds to create utility-scale energy storage in Asia-Pacific.
The investment is expected to help VRB Energy expand its manufacturing facilities in order to meet the growing demand for its energy storage system (ESS), dubbed ‘VRB-ESS’ in China, as well as the energy storage market in Thailand and the Asia-Pacific region.
BCPG currently has 474 MW of renewable energy projects in operation across Asia with another 385 MW under development in Thailand, Japan, Laos, the Philippines and Indonesia.