Sermsang Palang Ngan Company Limited (SPN) has obtained a USD67 million financing package to advance renewable energy (RE) projects in Thailand, Indonesia, and Vietnam. The package comprises loans from the International Finance Corporation (IFC) and Siam Commercial Bank (SCB), each totalling USD32 million.
The IFC funding will facilitate financing, acquisition, development, and construction of solar farms, rooftops, and biomass initiatives across the mentioned countries.