China-based Skyworth Group has announced a USD500 million investment to expand solar energy development across Southeast Asia, with Thailand selected as its regional hub. Skyworth PV, the renewable energy arm of Skyworth Group, will use the new fund to scale distributed solar solutions across commercial and industrial sectors in Thailand. The ICBC (Thai) alliance will support the deployment through cross-border green financing and tailor-made financial products for local energy transition goals.
Company executives highlighted Thailand’s strategic importance in ASEAN’s energy transition. The company described the country as the solar heartbeat of ASEAN and outlined plans to achieve THB10 billion in revenue within three years. The company, which has deployed 25 GW of solar capacity globally since 2020, offers a vertically integrated portfolio of solar modules, inverters, energy storage, and EPC services.
The announcement, attended by over 160 regional stakeholders, marks SKYWORTH’s shift from electronics manufacturing to clean energy leadership. The event concluded with a symbolic fireworks display over Bangkok’s Chao Phraya River, signalling the start of a deeper China–ASEAN energy collaboration.