Siam Commercial Bank Ties-Up with PTT Oil and Retail for Solar Rooftop Loans in Thailand
This innovative program extends eligible dealers the opportunity to secure loans for up to 100 percent of their solar energy investments, coupled with a maximum repayment period of 10 years, comprising a 1-year grace period.
August 10, 2023. By EI News Network
This innovative program extends eligible dealers the opportunity to secure loans for up to 100 percent of their solar energy investments, coupled with a maximum repayment period of 10 years, comprising a 1-year grace period.
Supported by a principal-free initial year and a fixed interest rate of 3.99 percent annually during the first year, this initiative underscores the Net Zero strategy in alignment with OR’s vision.
The collaborative venture targets to initiate a countrywide campaign boosting the adoption of solar energy within PTT stations, thereby generating clean electricity for power station operations.
The initiative resonates with PTT Station’s motive of being a ‘station that spreads joy,’ fostering harmonious growth alongside people, communities, and the environment. The goal is to transform the initial 200 PTT stations into green energy centres by the end of 2023.
Pikun Srimahunt, Senior Executive Vice President and Chief SME Banking Officer at Siam Commercial Bank, emphasised the pressing challenge faced by Thai SMEs in adopting sustainable practices, particularly in offsetting carbon emissions.
She highlighted the significance of collaboration between banks, large corporations, and SMEs for a seamless transition to clean energy solutions, such as solar power, to efficiently minimise carbon emissions.
Piman Poolsri, Senior Executive Vice President of the Oil Retail Business at PTT Oil and Retail Business PCL, discussed the crucial role of solar rooftops in PTT station operations as an essential environmental initiative.
OR is committed to establishing over 2,000 PTT stations in Thailand, managed by OR, and over 1,600 dealers, with solar rooftops, paving the way as a leader in clean energy service stations.
OR aims to generate 18 MW of electricity from solar rooftops by 2030 while pursuing carbon neutrality by 2030 and net zero carbon emissions by 2050 from business operations.
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