On July 14, 2011 we signed an MOU with MAI Development Co. Ltd., of Thailand to supply 360 megawatts of electricity produced from solar energy to the PEA for an estimated value of over $500 Million USD.
“Sopogy’s proven solar technology and thermal energy storage system will help Thailand, Cambodia, Laos and Vietnam achieve clean energy goals,” said Phatthanasret Chayutthanabun, President of M.A.I. Development. “In addition, Sopogy’s localized approach will create needed jobs. We appreciate being Sopogy’s exclusive partners in these markets.”
“We are delighted to be partnering with MAI Development,” said Darren T. Kimura, President and CEO of Sopogy. “MAI’s commitment to solar thermal energy, strong track record in Thailand, and excellent governmental relations within Southeast Asia make the company an ideal partner for Sopogy.”