CapSolar Signs 100MW Thailand Partnership With Skyworth Group as Hormuz Crisis Reshapes Industrial Energyskyworth, thailand solar, 100mw partnership, commercial solar, rooftop solar, hormuz, capsolar, bangkok

BANGKOK, 30 April 2026 — CapSolar Co., Ltd. today announced it has signed a 100-megawatt MOU with Skyworth Group (HKEX: 0751), positioning the Bangkok-based EPC and PPA specialist as a Thailand execution partner for the Chinese conglomerate's industrial rooftop solar buildout.

The Hormuz Context

The partnership 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 to 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.

Why Skyworth

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 engagement extends that ASEAN footprint into the country with the largest industrial-rooftop addressable market in the region.

What CapSolar Does

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 partnership materially upgrades CapSolar's deployment capacity for the post-Hormuz industrial energy-security pivot now underway across Thai manufacturing.

The Timing

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 is to translate that thesis into deployed megawatts on Thai rooftops at the pace the macro environment now demands.

From the Founder

"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," said Frank Lee, Founder of CapSolar. "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."

About CapSolar

CapSolar Co., Ltd. is a Bangkok-based commercial rooftop solar EPC and PPA specialist focused on Thailand's industrial market. The company delivers turnkey engineering, procurement, and construction together with third-party-financed power-purchase-agreement structures aligned to Board of Investment Section 30/8 promotion. CapSolar is headquartered at 429/44 Sukhonthasawat Road, Lat Phrao, Bangkok 10230. Web: https://capsolar.co.th. Media contact: info@capsolar.co.th, +66 2 124 5414.

About Skyworth Group

Skyworth Group Co., Ltd. is listed on the Hong Kong Stock Exchange (HKEX: 0751) and the Shenzhen Stock Exchange (SZSE: 000810). Its photovoltaic arm operated a global installed portfolio of 29.3 gigawatts at the end of 2025 and is expanding across Southeast Asia, including announced partnerships in Malaysia and Vietnam.

Full Context

For the underlying Thailand industrial-rooftop economics — full BOI Section 30/8 walkthrough, MEA peak tariff math, PPA versus self-investment economics, and Bangkok-specific execution gotchas — see CapSolar's complete 2026 Bangkok commercial rooftop solar guide.

— Frank Lee, Founder, CapSolar