BANGKOK, July 8, 2025 /PRNewswire/ — SKYWORTH PV, the renewable energy arm of China’s electronics giant SKYWORTH Group, unleashed a dual-force clean energy offensive across Southeast Asia tonight, sealing a $500 million investment fund with Olympus Capital and a strategic banking pact with ICBC Thailand. The landmark signings at Bangkok’s Four Seasons Hotel coincided with the 50th anniversary of China-Thailand diplomatic relations, positioning Thailand as SKYWORTH’s springboard for ASEAN’s solar transformation.
Powering ASEAN’s Green Surge
The event gathered over 160 distinguished guests from government bodies, financial institutions, industry associations, and leading enterprises across Southeast Asia—demonstrating a shared vision to accelerate clean energy cooperation throughout the region.
"Thailand is ASEAN’s solar heartbeat, with 25 GW of global solar capacity — we’re deploying integrated tech and local partnerships to drive a just transition." declared Ms. Wanfei Qu, CIO of SKYWORTH Group, Director and CEO of SKYWORTH PV, and Chairman of SKYWORTH Renewable Energy (Thai) Limited in the pre-event media session. during her interview by a group of top Thai broadcasters including TNN, CH5, Amarin TV, and NBT.
Strategic Anchors in Thailand
Mr. Lin Jin, Executive Director and Chairman of SKYWORTH Group, opened the evening by tracing the company’s 37-year evolution from electronics leader to renewable energy innovator: "Trust forged over decades fuels our ASEAN innovation." With annual revenues nearing ¥70 billion (approx. THB 350 billion), SKYWORTH is channeling R&D strength into scaling solar adoption.
Mr. Xiaobo Li, Chief Executive Officer of ICBC (Thai) Bank Public Company Limited and Honorary Chairman of Chinese Enterprises Association in Thailand, affirmed the alliance’s strategic depth: "This partnership merges China’s tech prowess with Thailand’s net-zero ambition. We’re building carbon-neutral banking ecosystems."
Ms. Wanfei Qu, delivered an in-depth presentation on SKYWORTH PV’s development strategy and regional vision. Established in 2020, SKYWORTH PV has rapidly emerged as a key player in the renewable energy sector, with a cumulative installed capacity reaching 25 GW and over 750,000 solar power stations built worldwide.
Ms. Qu introduced the company’s vertically integrated product portfolio—solar modules, inverters, energy storage systems, and mounting system—and emphasized tailored EPC services for the Southeast Asian market. With Thailand as a strategic regional hub, SKYWORTH PV has set a goal of achieving THB 10 billion within the next 3 years. She underscored the company’s long-term commitment to the region through technological innovation, local partnerships, and financial solutions designed to accelerate a just and sustainable energy transition.
Historic Signings
A key moment during the event was the signing ceremony between SKYWORTH PV and ICBC (Thai), establishing a strategic banking partnership.
This collaboration brings together SKYWORTH PV and ICBC (Thai) to jointly accelerate cross-border green financing, empower Thailand’s commercial and industrial sectors with solar energy solutions, and explore innovations in carbon-neutral banking ecosystems. By leveraging ICBC’s nationwide network of 21 branches and SKYWORTH ‘s global clean energy expertise, the partnership is poised to energize Thailand’s sustainable growth.
In a second strategic move, SKYWORTH PV signed with Olympus Capital. Prior to the signing, Mr. Martin Ma, Managing Director of Olympus Capital Asia, cited Thailand’s strategic edge: "Thailand’s solar tariffs and grid modernization make it ASEAN’s renewables lab. SKYWORTH’s distributed solar leadership plus our $500M capital creates unstoppable momentum."
Cultural Symbolism
As fireworks illuminated the Chao Phraya River, SKYWORTH PV sent a clear signal: Thailand is the springboard for spearheading ASEAN’s net-zero future — powered by Chinese technology, Thai partnerships, and cross-border capital.
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