Thailand’s CK Power set to double in size through 2.8GW renewables investment – EQ Mag Pro

Aims to grow with global energy trend and plans to invest outside Thailand in three new renewables-based ventures.

Supports national policy to reduce carbon footprint in long-term fight against global warming

Forecasts nearly all of the company’s electricity to be generated through renewables within only 5 years

CK Power Public Company Limited or CKP (SET: CKP), one of the region’s largest producers of renewables-based electricity, today (25 January), announced that it plans to more than double in size in the next three years, supported by the global shift to renewables-based electricity, and add around 2,800 megawatts of electricity-generating capacity.

Mr. Thanawat Trivisvavet, Managing Director, CK Power PCL, said, “We will increase our installed capacity to be 4,800 megawatts by 2024 through six new electricity generating facilities in Thailand and the region. All of our new installed capacity will be based on renewables, including solar power, hydro power and wind power.”

“As a part of our rapid growth plan, we aim to enter three new ventures in two countries outside of Thailand, and these, too, will be based on renewables,” he said.

According to Mr. Thanawat, within five years, CKP will increase its solar-based electricity generating capacity more than ten-fold to 330 megawatts,and, in the same period, add twice as much wind-based electricity generating capacity of 700 megawatts, resulting in 95% of the company’s total electricity generating capacity being based on renewables.

He said, “There are massive new opportunities arising from the disruptive global shift to renewables-based electricity. The recent COP 26 UN Climate Change Conference in Glasgow, United Kingdom, concluded with countries taking decisions to make a collective effort to limit global temperature rise to 1.5 degrees centigrade and to make the 2020s a milestone decade in the fight against global warming.

This has important, positive implications for our long-term business strategies. Our extensive experience in renewables-based electricity generation positions us well to leverage these emerging opportunities. At the same time, by being an electricity producer with one of the lowest carbon footprints, we can also be a significant contributor to Thailand’s drive towards de-carbonization to tackle global warming.”…Read More…