Search Results for: renewable power

  • Business News

    Thailand urged to increase renewable power target beyond 50%

    A call for an increase in renewable power generation beyond the target of 50% outlined in the Power Development Plan (PDP) has been issued to the government. The PDP is due to be finalised in the second quarter of this year. This rise is essential since Thailand has pledged to achieve carbon neutrality, a balance between carbon dioxide emissions and…

  • Business News

    EA plans expansion in renewable power and EV sector

    Renewable energy and electric vehicle (EV) developer, Energy Absolute Plc (EA), is set to expand its power business. The decision comes after a pause in the introduction of new projects since 2019. Currently, the firm’s wind and solar farms generate a capacity of 664 megawatts. The company’s CEO, Somphote Ahunai, noted in a 2020 interview that EA diversified into EV-related…

  • Environment News

    China leads renewable energy efforts with wind and solar power

    China is leading the global surge in renewable energy construction, with nearly two-thirds of the world’s large-scale wind and solar projects currently being built within its borders, as indicated by a recent report from Global Energy Monitor (GEM). China is constructing 339 gigawatts (GW) of utility-scale wind and solar power, representing 64% of the global total, according to the US-based…

  • Business News

    B.Grimm Power advances in renewable energy with Laos hydroelectric investment

    With sights set on the renewable energy sector, B.Grimm Power Plc is advancing with a steadfast growth plan. Its most recent stride in this direction involves a joint investment with Ratch Group Plc into a hydroelectric power plant project based in Laos. This step is in line with B.Grimm Power’s GreenLeap strategy, underlining the firm’s ambition to emerge as a…

  • Business News

    Philippines ranks in top 10 for coal power reliance

    The Philippines has emerged among the world’s top ten economies most reliant on coal-fired power, surpassing Indonesia and China. Data from energy think tank Ember highlights the country’s growing challenges in achieving its green energy objectives. In 2023, the Philippines saw its coal share in electricity generation increase for the 15th consecutive year. This rise comes despite the nation’s goal…

  • Thailand News

    EGCO boosts investment to expand power capacity by 1,000MW

    Electricity Generating Plc (EGCO), part of the Electricity Generating Authority of Thailand (EGAT) plans to boost its investment budget this year to acquire more assets, aiming to add 1,000 megawatts (MW) of new power generation capacity each year. The company has already added 370MW from operational power plants, leaving an additional 630MW needed to hit its target. As of yesterday,…

  • Thailand News

    Thailand eyes cleaner energy with new power plan for 2024 to 2037

    Thailand’s revised power development plan (PDP) is set to be submitted for approval after a week-long public hearing concluded yesterday, the implementation of the plan by year’s end, will steer the country towards cleaner energy. Central to Thailand’s commitment to reducing carbon dioxide emissions, the PDP is expected to provide a clearer path for the nation. Thailand announced its commitment…

  • Thailand News

    Thai energy firms question new power plan for carbon neutrality

    Thailand’s energy firms expressed concerns that the revised power development plan (PDP) may fall short of the kingdom’s 2050 carbon neutrality goals, highlighting the need for a balanced approach between practicality and optimism. The PDP, which is set to be enforced from 2024 to 2037, aims to promote greater use of renewable energy to reduce carbon dioxide emissions. However, energy…

  • Bangkok News

    Power move: Energy Ministry to introduce National Energy Plan

    The Energy Ministry announced yesterday that it is gearing up to unveil the National Energy Plan 2024 in September. This comprehensive strategy promises to revolutionise Thailand’s energy landscape with the introduction of nuclear plants and a pledge to cap electricity costs at under 4 baht per unit. The Energy Policy and Planning Office (EPPO) revealed that this master plan will…

  • Thailand News

    Chadchart signs MOU on renewable energy projects in Bangkok

    Bangkok has taken a significant step towards becoming a smart city, with the signing of a memorandum of understanding (MOU) between Bangkok Governor Chadchart Sittipunt and Metropolitan Electricity Authority (MEA) Governor Wilas Chaloeysat. The agreement, formalised yesterday, aims to advance smart city development and renewable energy projects in Thailand’s bustling capital. Chadchart stressed the importance of sustainable energy and efficiency,…

  • Thailand News

    Thailand urged to adopt nuclear power for carbon-zero goals

    Nuclear power and artificial intelligence (AI) are suggested as viable public policies to assist Thailand in achieving carbon-zero and sustainable development goals. This solution is suggested by the Chief Executive Officer of the Charoen Pokphand (CP) Group, Suphachai Chearavanont. Speaking at the Bangkok Post Conference 2024, Suphachai emphasised the significance of these measures in Thailand’s sustainability efforts. He highlighted the…

  • Technology News

    Advancements in renewable energy technology

    Renewable energy isn’t just a trending buzzword – it’s an essential piece of the puzzle as we strive for a greener tomorrow. Exciting developments in this field are not only shaking up how we think about power but also paving the way for a friendlier relationship with our planet. Cutting-edge technologies are sparking these improvements, playing a major part in…

  • Business News

    Thai renewable energy industry urges govt to revise trade system

    The Federation of Thai Industries’ Renewable Energy Industry Club urged the government to revise the country’s electricity trade system from the longstanding enhanced single buyer (ESB) model, arguing it hampers the growth of renewable energy. The ESB structure, which designates the Electricity Generating Authority of Thailand (EGAT) as the sole entity that sells electricity to the public, is seen as…

  • Thailand News

    Nex Point Plc and Toyota Group unveil hydrgen-powered trucks

    In a move towards greener transportation solutions, commercial electric vehicle (EV) giant Nex Point Plc has joined forces with Toyota Tsusho and Denso from Japan to pioneer hydrogen fuel cell vehicle (FCEV) trucks in Thailand. This groundbreaking memorandum of understanding aims to revolutionise the country’s transport sector and reduce greenhouse gas emissions. CEO Khanist Srivajiraprabha highlighted the significance of applying…

  • Business News

    CKPower sparks renewed growth under new leadership

    CK Power Public Company Limited (CKPower), led by Managing Director Thanawat Trivisvavet, is set to continue its positive performance trend, buoyed by seasonal factors and a commitment to enhance its renewable energy capacity. The company’s goal aligns with its CKP NET ZERO EMISSIONS 2050 initiative. CKPower, one of the leading renewable energy producers with a minimal carbon footprint, disclosed a…

  • Business News

    Thailand’s new green utility tariff boosts renewable energy use

    The unveiling of a Green Utility Tariff (GUT) next month is set to bring about a significant progression in renewable energy use within Thailand, bolstering local businesses and attracting foreign investment. This move has been eagerly awaited by numerous companies considering expansion into Thailand, as they seek not only the necessary infrastructure but also a source of clean energy to…

  • Thailand News

    Thailand’s power play: Hosting mega IMF and World Bank meetings in 2026

    The Chief of the Fiscal Policy Office (FPO) unveiled Thailand‘s ambitious proposal to host the annual meetings of the International Monetary Fund (IMF) and World Bank in 2026. On October 15, the Finance Ministry, Bank of Thailand, and IMF and World Bank reps threw ink on a memorandum of understanding, sealing the deal for Thailand to reclaim its throne as…

  • Business News

    BGRIM’s solar sonata: Renewable energy giant strikes the right chord in Italy

    BGRIM, a leading player in the renewable energy sector, has launched a new project for a solar power plant in Italy. The Ortanova project involves the development of an 80.9-megawatt ground solar energy system, complete with a tracking system. This initiative is in response to the growing global demand for clean energy. The undertaking is steered by RES Co Sicilia…

  • Business News

    Gulf Energy eyes 50% revenue surge with power plant operations boost

    Gulf Energy Development, a Stock Exchange of Thailand (SET)-listed firm, is looking forward to a 50% revenue surge, breaking past the 100 billion baht (US$3.03 billion) mark this year. This significant increase is due to the addition of electricity generation capacity and the full operation of its power plants. In the previous year, the company’s earnings stood at 95 billion…

  • Business News

    Thai court halts government’s wind power purchase scheme over selection irregularities

    The Central Administrative Court‘s ruling to halt the government’s scheme to purchase 1,500 megawatts of wind power, on grounds of alleged irregularities in power plant selection, prompted the Energy Regulatory Commission (ERC) to gear up for an appeal. The judgement came in response to Khon Kaen Wind 2 Co, a subsidiary of the SET-listed Energy Absolute (EA), who had voiced…

  • Business News

    WHA anticipates US tech giants’ investment surge due to Thailand’s renewable potential

    Thailand’s biggest built-to-suit logistics facilities developer, WHA Corporation, anticipates an increase in investment from US tech giants in the coming year, as they eye business expansion in the ASEAN region. Major players such as Google, Microsoft, and Tesla have shown interest in the country’s potential during an investment talk. The event was a part of Prime Minister Srettha Thavisin’s participation…

  • Business News

    CKP and BEM partner for Thailand’s first solar-powered mass transit rail

    CK Power Plc (CKP) Bangkok Expressway and Metro Plc (BEM) have forged a partnership to bring the first solar-powered mass transit rail systems to Thailand. The collaboration aims to utilise solar energy to power the MRT Chalerm Ratchamonkol Line (MRT Blue Line) and the MRT Chalong Ratchadham Line (MRT Purple Line) which, combined, span over 71 kilometres and have 54…

  • Business News

    PTTEP plans Middle East expansion for greater petroleum output and renewable energy

    PTT Exploration and Production Public Company Limited (PTTEP) announced its strategic plans to centre business operations in the Middle East to expand petroleum output and explore opportunities for innovative energy enterprises, revealed Montri Rawanchaikul, PTTEP’s Chief Executive and President. On the domestic front, the company aims to escalate gas production at the Erawan gas field to 800 million standard cubic feet…

  • Business News

    Fuelling the future: Thailand’s gas giant gears up production to avert power crisis

    Efforts to prevent a second power crisis in Thailand are underway as the nation’s primary gas producer, PTT Exploration and Production (PTTEP) Public Company Limited, looks to increase its output substantially. With plans to double gas production in the Erawan field, Thailand’s largest, Montri Rawanchaikul, the Chief Executive Officer, confirmed plans to scale up production to as high as 800…

  • Thailand News

    Banpu eyes free power trade system amidst rising Thai electricity costs

    In the face of rising electricity bills, a new opportunity is emerging for a free power trade system in Thailand, as spotted by Banpu Power Plc, the power generation arm of energy conglomerate Banpu Plc. Expecting a worldwide shift in electricity markets, the company, under Kirana Limpaphayom, its CEO, is poised to take advantage of this imminent change. The combined…

  • Business News

    Electrifying expansion: Demco sparks digital tech and renewable energy growth

    Demco yesterday announced expansion plans focusing on diversifying the company’s business into digital technology and enhancing its renewable energy portfolio. As a stock exchange of Thailand (SET)-listed contractor and engineering service provider, the company acknowledges not getting involved in the state renewable development scheme during its first phase. Pongsak Sirikupt, the company’s chief executive and managing director, revealed that Demco’s…

  • World News

    Biden and Sunak unveil Atlantic Declaration boosting defence, renewable energy ties

    The United States and the United Kingdom have unveiled the Atlantic Declaration, a new economic agreement aimed at strengthening ties in defence and renewable energy. This announcement took place during UK Prime Minister Rishi Sunak’s first visit to the White House. The agreement, however, does not encompass a full free trade deal that the UK has been seeking since its…

  • Business News

    BAFS targets 7.5 billion baht revenue by 2026 with renewable energy focus

    Bangkok Aviation Fuel Services Plc (BAFS) is predicting its revenue to hit 7.5 billion baht by 2026, with a significant boost from its diversification into renewable energy development. Although the jet refuelling service, which has bounced back from pandemic-induced losses over the past three years, remains the company’s primary focus, its earnings proportion is expected to decrease. BAFS estimates that…

  • Business News

    Vietnam PM approves $134.7bn power plan, unlocking G7 green-transition funds

    Vietnam’s Prime Minister Pham Minh Chinh has approved a power development plan requiring US$134.7 billion of funding for new power plants and grids, a move that could potentially unlock billions of dollars in foreign investment. The plan, known as PDP8, aims to ensure energy security for the Southeast Asian country while transitioning from its current heavy reliance on coal to…

  • World News

    Singapore’s prime minister urges ASEAN to work towards a joint power grid

    Following the success of the Lao PDR-Thailand-Malaysia-Singapore power integration project, Singapore’s Prime Minister, Lee Hsien Loong, 70 years old, called on ASEAN yesterday to continue working towards a joint power grid. A regional power grid will strengthen energy security, and resilience in member states, and advance regional decarbonisation, Lee said. The Lao PDR-Thailand-Malaysia-Singapore project demonstrates that “multilateral power trading in…