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Energy

Thai coal major Banpu aims for 6-fold solar growth with Aussie deal

Group looks to diversify away from source of 80% of its revenue

Banpu has announced the purchase of the Manildra solar farm and another New South Wales site. (Photo courtesy of Banpu)

BANGKOK -- Banpu, Thailand's largest coal company, has moved to acquire two solar farms in Australia as it seeks to boost capacity in this field of renewable energy roughly sixfold by 2025.

Banpu announced Tuesday the 97.5 million Australian dollar ($75.4 million) purchase of the power stations with a combined capacity of 166 megawatts from North Sydney-based New Energy Solar.

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