CapSolar Signs 100MW Thailand Solar MOU With Skyworth Group as Hormuz Crisis Reshapes Industrial Energy

Partnership at a glance

• 100 MW MOU capacity
• Commercial and industrial rooftop solar EPC + PPA
• Geography: Thailand
• Skyworth Group: HKEX 0751 / SZSE 000810 — 29.3 GW global PV portfolio (end-2025)
• Sibling: Skyworth–Solve System 150 MW MOU (distributed PV / Solar Home), reported April 2026
• Instrument: Memorandum of Understanding (MOU) — non-binding partnership framework

CapSolar Co., Ltd. today announced it has signed a 100-megawatt commercial rooftop solar Memorandum of Understanding (MOU) with Skyworth Group (HKEX: 0751), making the Bangkok-based EPC and PPA specialist a Thailand partner of the Chinese conglomerate for industrial rooftop solar execution. The new 100MW MOU sits alongside Skyworth's previously-announced 150MW MOU with Solve System, covering distributed PV and Solar Home projects, reported by Bangkok Post in April 2026.

The MOU lands as Thailand enters its third month of energy-procurement disruption following the closure of the Strait of Hormuz on 28 February 2026. The International Energy Agency has characterised the resulting supply shock as the largest in modern oil-market history. Thailand — which imports nearly all of its crude oil and the majority of the LNG that fuels MEA grid generation through that chokepoint — has been named directly by analysts as among the Asian economies most exposed to sustained disruption. For Thai factory operators, the practical consequence has arrived in LNG-indexed peak-tariff escalation and tightening diesel-backup logistics. Self-consumption rooftop solar, deployable in 8–14 weeks under the December 2024 Ror.Ngor.4 reform, is the only capex hedge a CFO can lock in inside the 2026 fiscal year.

Skyworth Group Co., Ltd., listed on the Hong Kong Stock Exchange under stock code 0751 and on Shenzhen Stock Exchange under 000810, operated a global photovoltaic portfolio of 29.3 gigawatts of installed capacity at the end of 2025, according to public filings reported by Yicai Global. Its photovoltaic arm has been expanding aggressively across Southeast Asia, including partnerships with 16 local enterprises in Malaysia and over 30 local agents and financial institutions in Vietnam, as reported by SolarQuarter in April 2026. The 100MW Thailand MOU with CapSolar — together with the 150MW MOU with Solve System reported by Bangkok Post — extends that ASEAN footprint into the country with the largest industrial-rooftop addressable market in the region.

CapSolar is a Bangkok-based commercial rooftop solar EPC and PPA specialist focused on Thailand's industrial market. Headquartered at 429/44 Sukhonthasawat Road, Lat Phrao, Bangkok 10230, the company delivers turnkey EPC, third-party-financed PPA structures, and BOI Section 30/8-aligned project execution for manufacturers, logistics operators, food and beverage processors, and automotive suppliers. The Skyworth MOU materially upgrades CapSolar's deployment capacity for the post-Hormuz industrial energy-security pivot now underway across Thai manufacturing.

The 100MW programme is timed to a structural shift in Thai industrial energy procurement. The Board of Investment's Section 30/8 promotion remains active, granting up to eight years of corporate-income-tax exemption and duty-free import of qualifying equipment. PEA and MEA tariff structures continue to expose time-of-use peak periods to LNG-indexed escalation. Self-consumption rooftop solar at industrial scale converts an operating expense indexed to imported fuel into a fixed-cost domestic asset insulated from Hormuz-class geopolitical shocks. CapSolar's role under the MOU is to translate that thesis into deployed megawatts on Thai rooftops at the pace the macro environment now demands.

“Two months into the Hormuz disruption, Thai factory operators are no longer asking whether to electrify their roofs — they are asking how fast a credible local team can do it. Partnering with Skyworth gives our customers the supply security of a 29.3-gigawatt global photovoltaic platform, paired with a Thai EPC team that owns the permit, install, and PPA-financing path end-to-end. That combination is what the moment requires.”

[Skyworth quote to be supplied or cited from Skyworth's parallel public statement upon release.]

Talk to CapSolar about industrial rooftop solar in Thailand

Factory and warehouse rooftop solar with turnkey EPC, BOI Section 30/8 coordination, and third-party-financed PPA structures.