ONNEX by SCG Smart Living demonstrates its potential and readiness in solar systems, introducing the EPC+ BUSINESS MODEL to aggressively enter the solar market, aiming for leadership. The plan focuses on meeting the needs of all key partners, including various business groups and investors. Within 5 years, they expect to expand their business and increase installation capacity to no less than 1,000 megawatts.
Mr. Wachirachai Koonamwattana, Head of Living Solution Business at SCG Smart Living, said that ONNEX by SCG Smart Living has been focusing on solar system innovation and services continuously since 2011, starting with electricity production for internal use in various factories, resulting in energy savings of up to 40%. With long-standing experience, they are ready to meet the demands of the solar market, which has seen high growth rates over the past 3-4 years due to decreased installation costs while electricity expenses remain high.
Mr. Dusit Chairat, Smart Home Living Solution Director at SCG Smart Living, stated that with changing market trends, both from government policies and customer demand for clean energy, as well as increased interest from investors in clean energy businesses due to good investment returns and low long-term volatility, ONNEX by SCG Smart Living has provided EPC (Engineering Procurement and Construction) services including engineering design, project permitting, and comprehensive system structure installation. To expand the market robustly, they have prepared the EPC+ Business Model strategy, specially designed for each group involved in the solar system, which will help create a strong ecosystem to support the growth of the solar business, addressing the needs of businesses, entrepreneurs, and investors, benefiting consumers, reducing global warming, and creating energy security for the country. It is expected that the EPC+ Business Model will be able to increase solar power system installation capacity by no less than 1,000 megawatts within 5 years.
The EPC+ Business Model initially has 5 formats:
- EPC+F (Finance): Suitable for entrepreneurs who want to switch from basic electricity systems to solar installations. Businesses benefit from clean energy use and can save up to 40% on electricity costs. In this plan, entrepreneurs don’t need to invest themselves; ONNEX will find investors.
- EPC+D (Project Development): Suitable for investors such as large companies, institutions, and funds interested in investing in solar projects but lacking experience, project teams, or suitable projects. ONNEX will select projects that align with investment policies, project size, risks, and returns that provide maximum benefits to investors.
- EPC+O&M (Operations & Maintenance): Suitable for project owners with multiple solar installations facing centralized monitoring and maintenance issues. ONNEX offers services from Efficiency Audit, Centralized Dashboard creation, to system maintenance to ensure power production meets targets, with Performance Warranty if required.
- EPC+Alliance: A collaboration model with EPC partners, aiming to help alliance members achieve the best cost-effectiveness in procurement. ONNEX has plans to reduce risks from price volatility of panels and equipment imported from abroad to enhance long-term competitiveness.
- EPC+Authorized Referral: Suitable for independent agents with networks of potential customers in the solar business. They can become Authorized Referrals to participate in the business and receive project returns.
Mr. Suchart Nokpudsa, Associate Director – Solar Roof at SCG Smart Living, said that ONNEX by SCG Smart Living has experience in installing solar systems to meet all customer needs (Solar Roof, Solar Floating, Solar Farm, and Solar Carport). So far, they have produced over 200 megawatts (MWp) of clean energy and have ongoing projects of 400-600 megawatts (MWp). The 47.5-rai solar farm area in Saraburi province is considered a model solar farm presenting a Virtual Power Plant management platform under the concepts of Smart Utilization, Smart Investment, Smart Flexibility, and Smart Monitoring. This helps businesses recognize solar production quantities and appropriate use of clean energy. The highest Internal Rate of Return (IRR) that ONNEX by SCG Smart Living has developed is 34%, with a payback period within 3 years.
***For entrepreneurs interested in more details about ONNEX Solar or interested in being part of the EPC+ Business Model plan, more information can be found on the website www.onnexbyscg.com/th/product/solar-solutions *** and LINE @SCGSolarRoof, or by calling 02-586-2222
Published on: Oct 15, 2024
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