A Green Tribute to Port Closure, A Model for Global Expansion: SKYWORTH PV’s Thailand Project Sets a New Benchmark for Localized

As the operation of the Hainan Free Trade Port in China enters its full implementation phase, SKYWORTH PV has announced a major milestone in its overseas business. The company’s first officially launched commercial and industrial (C&I) photovoltaic project in Thailand—the 3MW distributed rooftop PV power station at the UMC Steel Factory in Chonburi Province—has completed all preparatory work and formally commenced construction. More than a green tribute marking the port closure of the Hainan Free Trade Port, the project stands as a vivid example of how Chinese enterprises are leveraging free trade port advantages to successfully expand into global markets.

Since establishing its strategic presence in Haikou China, SKYWORTH PV has fully utilized Hainan Free Trade Port’s unique location and policy advantages as a key gateway connecting the Pacific and Indian Ocean regions. With a forward-looking strategy, the company has positioned Hainan as a bridgehead to ASEAN and a hub linking global markets. The successful launch of its first landmark project in Thailand represents the first tangible result of this strategy and provides a compelling industrial case study for higher-level institutional openness following Hainan’s port closure.

Located in Chonburi Province, the core industrial zone of Thailand’s Eastern Economic Corridor, the project delivers a green power solution for the steel processing production lines of the UMC Steel Factory. With an installed capacity of 3MW, the system is expected to generate approximately 4.422 million kWh of electricity in its first year, all of which will be used for the factory’s production and operations. This initiative will significantly reduce the partner’s electricity costs and enhance its green competitiveness, while serving as a model for enabling the low-carbon transformation of energy-intensive traditional industries through photovoltaic technology—offering a “SKYWORTH solution” for optimizing Thailand’s industrial energy structure.

The project has now entered its final implementation phase. It adopts a proven BOT (Build–Operate–Transfer) model, with SKYWORTH PV acting as both investor and EPC contractor, taking full responsibility for project financing, construction, operation, and maintenance. The project is scheduled to be transferred to the strategic investor, Taishan Fund, by the end of 2025. In July this year, SKYWORTH PV and Olympus Capital Holding Asia officially signed a USD 500 million Asia Clean Energy Fund agreement, and this project marks the first strategic initiative following that partnership. With an overall construction period of just two and a half months, the project demonstrates SKYWORTH’s outstanding efficiency and professional capabilities in project development, engineering management, and resource integration.

In terms of localized operations, SKYWORTH PV has demonstrated strong regulatory insight and a long-term strategic vision. The project adopts an innovative joint venture structure, under which the power purchase agreement will be signed by SKYWORTH Clean Energy (Thailand) Co., Ltd.—a joint venture established by SKYWORTH Thailand together with high-quality local partners. This structure fully complies with Thailand’s foreign investment regulations, ensuring long-term legal and stable project operations, while underscoring SKYWORTH PV’s firm commitment to deep local market integration and win-win development. It sets a compliant, trustworthy, and sustainable cooperation model for Chinese new energy companies expanding overseas.

From the blue seas and clear skies of the Hainan Free Trade Port to the dynamic industrial landscape of Chonburi, Thailand, SKYWORTH PV’s global blueprint is steadily unfolding. The launch of the UMC project represents far more than the construction of a single PV power station—it is a clear signal of growing international recognition of Chinese photovoltaic brands and of China’s green solutions actively participating in global energy governance. Looking ahead, SKYWORTH PV will continue to ride the wave of openness created by the Hainan Free Trade Port, delivering more efficient PV products, more innovative business models, and smarter energy services to markets around the world—leaving an enduring mark of Chinese innovation in the global energy transition.