On behalf of lenders Kasikorn Bank, Siam Commercial Bank, TISCO Bank and ICBC (Thai) we reviewed the technical and commercial robustness of the plant design, interconnection arrangements and project contracts prior to project financing. We reviewed construction progress, cost and quality issues for two years and had an ongoing role in operations management for the lenders covering wind regime monitoring, maintenance quality and cost control.
As Thailand’s forerunning wind farm, the pre-construction project financing process faced a number of technical, regulatory and interconnection challenges, inevitable with first-of-a-kind development.
Similarly, during construction, many of the contractors and subcontractors needed substantial guidance and oversight.
Wind speeds in Thailand were lower after wind farm commissioning than the long-term average, causing concern among stakeholders new to wind power developments and threatening to affect confidence in future wind farm developments.