EXIM Thailand X EA

Editorial Staff

EXIM Thailand finances 500 million to Energy Absolute Plc.’s expansion battery production for electrical vehicles

Dr. Rak Vorrakitpokatorn, president of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Amorn Sapthaweekul, deputy chief executive officer of Energy Absolute Plc. (EA), jointly celebrated the success of EXIM Thailand’s Sustainability Linked Loan (SLL) in the amount of 500 million baht to EA to support its expansion of battery production capacity for electric vehicles in Bang Pakong District, Chachoengsao Province, increasing it from 1 GWh to 4 GWh, at EXIM Thailand’s Head Office on September 4, 2023.

This EXIM Thailand financial facility aims to support EA’s sustainable business operations based on the environmental, social and governance (ESG) principles, covering businesses related to renewable energy and clean energy, e.g. charging stations, electric vehicles, electric ferries, batteries and storage facilities.

EA has been listed on Thailand Sustainability Investment (THIS) of the Stock Exchange of Thailand for the fifth straight year, and greatly acclaimed by both domestic and international organizations for its consistent sustainability efforts. This has thus been in line with EXIM Thailand’s visionary goal as a ‘Green Development Bank,' committed to becoming a carbon neutral organization by 2030 under its sustainable development and responsible finance policies, aiming to drive Thailand toward the carbon neutrality and net zero emission goal, which is the key to the growth of business sectors alongside sustainable development of Thailand and the world at large.