Project Description
Sermsang, a growing Thailand-based renewable energy (RE) player, currently owns and operates 282 equity MW of RE projects across Japan, Thailand, Vietnam, and Mongolia. The Company is now seeking to expand its presence in the Southeast Asia region. In this regard, Phase 1 of this collaboration between IFC and Sermsang aims to: (1) support Sermsang’s expansion initiatives in the region, commencing with a market entry strategy assessment for the Philippines, and (2) optimize its existing Thailand portfolio. Following completion of Phase 1, IFC and Sermsang will determine the scope and workplan for Phase 2.