Home Salo Tech Thailand Ltd. Salo Tech Thailand Ltd. In brief A Finnish solar power group, Solar Finland, and a Thai public utility, PEA Encom, established a modern, automated solar panel factory in Thailand. The capacity of the factory is 100 MWp a year. The 7.5 million euro investment will be financed by equity, of which Finnfund provides approximately 37%, Solar Finland about 38 % and PEA Encom 25%. The primary market of the factory is Thailand, but it will target the neighbouring markets too. Main development impact Market development as a result of establishing the supply of high-quality solar panels in the region. Enabling an increase of 100 MWp a year of solar power generation and thus contributing to climate change mitigation. Direct and indirect employment impact. Investment details Name: Salo Tech Thailand Ltd. Project number: 80000157 Region: Asia Country: Thailand Sector: Energy Signing date (month/year): December 2020 Currency: EUR Finnfund's financing (commitment): 2,756,000 Instrument: Equity Size of the project financing: EUR 7,500,000 Share of Finnfund's financing (%): 36,75 % Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.December Read our transparency and disclosure policy More information: News Current investments Business sectors Contact us Key facts Name: Salo Tech Thailand Ltd. Sector: Energy Region: Asia Country: Thailand Currency: EUR Finnfund's financing (commitment): 2,756,000 Signing date (month/year): December 2020 Last update: April 2021