CK Power Public Company Limited , a leading renewable energy producer in Southeast Asia, is expanding its Renewable Energy Certificates (RECs) business to accelerate the transition to clean energy and support corporate sustainability commitments. The initiative aims to promote the adoption of renewable energy and assist businesses in reducing greenhouse gas emissions.
Managing Director Mr. Thanawat Trivisvavet highlighted the significance of RECs in enabling companies to meet science-based emissions reduction targets. “RECs allow businesses to offset their carbon footprints and achieve sustainability goals with confidence,” he stated. CKPower has been actively engaged in RECs trading since 2022 through its subsidiary, Bangkhenchai Company Limited (BKC), in collaboration with Innopower Company Limited, a subsidiary of EGAT. To date, the company has delivered over 39,660 RECs to clients committed to decarbonizing their operations.
In 2024, CKPower expanded its RECs initiative by integrating its run-of-river hydropower plant, Xayaburi Power Company Limited (XPCL) in Laos. The company has partnered with Mekha V Company Limited, a subsidiary of PTT Public Company Limited, to explore REC integration via the ReAcc platform, supporting multinational corporations in embedding clean energy into their supply chains.
The company’s renewable energy strategy also includes new solar projects totaling 13 MW, developed in collaboration with Bangkok Expressway and Metro Public Company Limited (BEM). The first of these projects is expected to commence operations in early 2025. Additionally, BKC has signed a Power Purchase Agreement (PPA) with the Provincial Electricity Authority (PEA) under the Feed-in Tariff (FiT) program for a 6 MW solar project, slated for operation by 2027.
With a roadmap targeting over 95% renewable energy in its portfolio by 2043, CKPower is also committed to achieving net-zero greenhouse gas emissions by 2050. The company aims to achieve this through innovation, energy efficiency, and sustainability initiatives across its operations.
“Renewable energy is the foundation of a sustainable future,” Mr. Thanawat emphasized. “Through our RECs initiatives and clean energy projects, we empower companies to fulfill their sustainability commitments while fostering a resilient energy ecosystem.”
