Key Takeaways
- CK Power Public Company Limited is expanding its renewable energy projects, including four solar power initiatives totaling 13 MW by 2027.
- The company has actively participated in the Renewable Energy Certificate market since 2022, promoting sustainability and reducing greenhouse gas emissions.
- CKPower aims for over 95% renewable energy production by 2043 and strives for net-zero emissions by 2050.
CK Power’s Commitment to Renewable Energy
As the shift from fossil fuels to clean energy accelerates, Renewable Energy Certificates (RECs) are becoming essential for organizations pursuing net-zero emissions. In Thailand, the REC market is rapidly expanding due to initiatives from both public and private sectors.
CK Power Public Company Limited (CKPower) is at the forefront of this transition. The company, active in the REC trading market since 2022, is launching four solar power projects with a total capacity of 13 MW by 2027, supporting Thailand’s clean energy objectives.
CKPower’s Managing Director, Thanawat Trivisvavet, emphasized the company’s long-term sustainability plans. Under its five-year sustainability strategy (2022–2026), CKPower has intensified its renewable energy efforts domestically and internationally. The company has registered its subsidiary, Bangkhenchai Company Limited (BKC), as a renewable power plant and delivered over 39,000 RECs to a subsidiary of EGAT.
In 2024, CKPower signed a pivotal agreement with Mekha V Company Limited, exploring the use of RECs from the Xayaburi Power Company Limited, a run-of-river hydropower plant in Laos. This initiative aims to facilitate the energy transition in the industrial sector and enhance renewable energy integration across CKPower’s supply chains.
CKPower is also making strides in solar energy, collaborating with Bangkok Expressway and Metro Public Company Limited (BEM) on three solar power projects, which will have a combined capacity of 6.95 MW. The first project is set to begin commercial operations in the first half of 2025.
Additionally, BKC has secured a Power Purchase Agreement (PPA) under the Feed-in Tariff (FiT) program for a 6 MW renewable energy project scheduled to commence by 2027 under a 25-year contract. CKPower’s strategies emphasize resilience and innovation, culminating in an AAA rating in the 2024 SET ESG Ratings, marking its fifth consecutive year recognized as a sustainable stock in the Resources sector.
Looking to the future, CKPower plans to boost its renewable energy production—comprising hydropower and solar power—to over 95% by 2043 while enhancing energy efficiency and conservation initiatives. The company aims for net-zero greenhouse gas emissions by 2050.
“Renewable energy is the cornerstone of the energy transition. CKPower remains dedicated to fostering clean energy production and adoption, contributing to a sustainable energy future for Thailand and beyond,” concluded Thanawat.
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