Renac Power and ICBC (Thai) Leasing Sign MOU to Democratize Solar+Storage in Thailand

Bangkok, July 2, 2026 — Today, at the Bangkok headquarters of ICBC (Thai) Leasing Co., Ltd., RENAC, a global leader in new energy solutions, and Thailand’s premier leasing institution formalized their strategic alliance by signing a Memorandum of Understanding (MOU). This landmark partnership unites RENAC’s cutting-edge solar and storage technology with ICBC (Thai) Leasing’s robust local financial capabilities to deliver more accessible, flexible, and reliable clean energy solutions to Thailand’s residential and commercial & industrial (C&I) markets.

The signing ceremony, held at ICBC (Thai) Leasing’s CRC Tower headquarters, was attended by senior executives from both companies. This agreement officially places RENAC on ICBC (Thai) Leasing’s prestigious whitelist of preferred partners. By combining RENAC’s deep expertise in solar-plus-storage applications with ICBC (Thai) Leasing’s formidable financial strength and bespoke financing solutions, the collaboration will significantly enhance the ease and speed with which end customers and business partners can secure funding, accelerating the deployment of green energy projects across the kingdom.

Solving the Core Challenge: Making Green Energy Within Reach

Despite Thailand’s abundant solar resources, the high upfront investment cost remains the primary barrier preventing widespread adoption of photovoltaic (PV) and energy storage systems among households and businesses. Customers are often deterred by significant capital outlays and long payback periods.

RENAC has a profound understanding of this market bottleneck. By partnering with ICBC (Thai) Leasing—a firm renowned for its extensive local channel network and sophisticated risk management capabilities—the two companies aim to overcome the “last-mile” challenge through an innovative financial leasing model.

The Partnership Model: Technology + Finance, End-to-End Empowerment

Under the agreement, the parties will co-develop tailored financial support packages centered around RENAC’s core solar and storage products. Going forward, Thai end-users will benefit from:

Lower Entry Barriers: Flexible installment or leasing options will dramatically reduce upfront capital requirements, enabling a “light-asset” approach to adopting green energy.

Seamless, One-Stop Experience: A closed-loop service covering everything from initial consultation and system design to equipment supply, financial approval, and post-installation O&M, delivered jointly by RENAC and ICBC.

Robust Long-Term Assurance: The combination of RENAC’s highly reliable, long-life products and ICBC (Thai) Leasing’s professional asset management expertise will ensure stable returns and asset security throughout the project’s entire lifecycle.

Looking Ahead: Co-Creating a Green Blue Ocean

This strategic partnership marks a critical step in RENAC’s localization strategy for Thailand. By partnering with ICBC (Thai) Leasing, RENAC is exporting products and delivering an integrated ecosystem of “Products + Services + Finance.”

The successful signing at ICBC (Thai) Leasing’s headquarters ushers in a new chapter of collaboration. Going forward, RENAC and ICBC (Thai) Leasing will deepen their partnership and explore new models to strengthen Thailand’s green, low-carbon transition.

About RENAC: RENAC is a global leader in solar and energy storage solutions, dedicated to providing efficient, intelligent, and reliable clean energy products and services to residential and commercial & industrial users worldwide.

About ICBC (Thai) Leasing Co., Ltd. ICBC (Thai) Leasing is the only Sino-Thai leasing company in Thailand, a subsidiary of ICBC Thai. Headquartered in Bangkok with a branch office and seven provincial branches, it boasts a strong, localized service network across the country.