Energy Companies Set to Boost Clean Electricity Sales
Major energy companies are ready to sell clean electricity under the Energy Regulatory Commission's procurement from 2022 to 2030. The process, aligned with feed-in tariffs, involves firms like Gulf Energy, EGCO, BAFS, and RATCH Group. An initial 5,000MW round prompted interest for more, while the government plans further procurements. Detailed purchasing conditions will follow on October 8, with selections announced in 30 days and agreements within 180 days. Qualified groups under the FiT scheme amount to 5,203MW. Companies like Gulf Energy and RATCH Group plan significant expansions in renewable ventures, underscoring the shift towards net-zero emissions goals.
Major energy companies have shown readiness to participate in the procurement of clean electricity under the Energy Regulatory Commission (ERC) from 2022 to 2030.
This procurement, following the feed-in tariffs (FiTs) framework, reflects an increasing shift towards renewable energy and the goal of net-zero emissions.
The four private companies involved are Gulf Energy, EGCO, BAFS, and the RATCH Group.
An initial round of procurement announced 5,000MW, which spurred interest in selling 15,000MW of electricity.
Subsequently, the government planned additional procurements including 3,000MW and the latest 2,100MW, with more expected.
POOLPAT LEESOMBATPAIBOON, ERC Secretary General, highlighted that detailed purchasing conditions will be defined on October 8, with selections announced within 30 days and power purchase agreements signed within 180 days.
The PEA has set criteria for allocating rights to groups proposing wind and ground-mounted solar projects under the FiT scheme, with 198 groups qualifying for 5,203MW.
Gulf Energy’s CEO, SARATH RATANAVADI, stated that the company plans to secure a 20% share of the upcoming phase.
RATTHAPHOL CHEUNSOMCHIT from Gulf noted their previous win of 3,000MW and revenue expectations for next year.
BAFS President M L NATHASIT DISKUL emphasized readiness to participate with a 40MW plant and new solar projects.
EGCO Group President DR JIRAPORN SIRIKUM aims to increase renewable energy generation to 30% by 2030.
RATCH CEO NITUS VORAPHONPIPUT stressed the need for an expedited National Power Generation Development Plan, with RATCH targeting a 30% renewable contribution by 2030.
The Ministry of Energy noted that the second round of purchases totals 3,668MW, pending board approvals.
This procurement, following the feed-in tariffs (FiTs) framework, reflects an increasing shift towards renewable energy and the goal of net-zero emissions.
The four private companies involved are Gulf Energy, EGCO, BAFS, and the RATCH Group.
An initial round of procurement announced 5,000MW, which spurred interest in selling 15,000MW of electricity.
Subsequently, the government planned additional procurements including 3,000MW and the latest 2,100MW, with more expected.
POOLPAT LEESOMBATPAIBOON, ERC Secretary General, highlighted that detailed purchasing conditions will be defined on October 8, with selections announced within 30 days and power purchase agreements signed within 180 days.
The PEA has set criteria for allocating rights to groups proposing wind and ground-mounted solar projects under the FiT scheme, with 198 groups qualifying for 5,203MW.
Gulf Energy’s CEO, SARATH RATANAVADI, stated that the company plans to secure a 20% share of the upcoming phase.
RATTHAPHOL CHEUNSOMCHIT from Gulf noted their previous win of 3,000MW and revenue expectations for next year.
BAFS President M L NATHASIT DISKUL emphasized readiness to participate with a 40MW plant and new solar projects.
EGCO Group President DR JIRAPORN SIRIKUM aims to increase renewable energy generation to 30% by 2030.
RATCH CEO NITUS VORAPHONPIPUT stressed the need for an expedited National Power Generation Development Plan, with RATCH targeting a 30% renewable contribution by 2030.
The Ministry of Energy noted that the second round of purchases totals 3,668MW, pending board approvals.
