EGCO Group Expands U.S. Portfolio with 49% Stake in 251 MW Wind and Solar Projects

Representational image. Credit: Canva

Electricity Generating Public Company Limited (EGCO Group) has deepened its presence in the United States renewable energy market through the acquisition of a 49% ownership interest in the 251 MW “Pinnacle II Portfolio,” comprising wind and solar projects. The move aligns with the company’s “Triple P” strategy, which emphasizes long-term investments in natural gas-fired and renewable energy infrastructure to support a clean energy transition.

The acquisition was made through EGCO Pinnacle II, LLC, a wholly owned US-based subsidiary of EGCO Group. On March 31, 2025, the subsidiary entered into an Equity Capital Contribution Agreement with Apex Pinnacle II Member, LLC—an affiliate of Apex Clean Energy Holdings, LLC—for the strategic stake in the Pinnacle II Portfolio.

The portfolio includes two projects currently in the final stages of construction:

  • Downeast Wind, LLC: A 126 MW wind farm located in Maine.
  • Wheatsborough Solar, LLC: A 125 MW solar facility located in Ohio.

Both projects have secured long-term power and environmental attribute offtake agreements with investment-grade buyers. Downeast is expected to generate sufficient clean electricity to power over 37,000 households annually and contribute to Maine’s target of 80% renewable energy by 2030. Wheatsborough is anticipated to supply power to approximately 21,000 households per year, helping alleviate grid congestion by supporting infrastructure needs in Ohio.

EGCO Group stated that the 49% ownership interest will be transferred upon each project’s commercial operation date. The acquisition is projected to be financially accretive and will further balance the company’s growing footprint in the US energy sector.

“This investment strengthens our US operations and contributes directly to our goal of increasing renewable energy to 30% of our total capacity by 2030,” said Dr. Jiraporn Sirikum, President of EGCO Group. “Despite current trade challenges between Thailand and the US, our partnerships remain strong, allowing us to continue pursuing high-potential energy projects in the American market.”

The acquisition underscores EGCO Group’s commitment to expanding its international renewable energy portfolio while supporting global decarbonization efforts.

 

  • Related Posts

    American Clean Power Association Report Shows U.S. Added Over 50 GW of Clean Energy Capacity in 2025

    Representational image. Credit: Canva The American Clean Power Association (ACP) has released its Clean Power Quarterly Market Report for the fourth quarter of 2025, revealing that the United States clean…

    E.ON Connects Two-Millionth Renewable Energy Installation To Its Distribution Network In Germany

    Representational image. Credit: Canva The expansion of renewable energy in Germany continues to gain strong momentum, and a new milestone has recently been reached. In the town of Ahlum, located…

    Have You Seen?

    Helium shortages becoming more likely

    • March 7, 2026
    Helium shortages becoming more likely

    White House Seeks Bolder Action on Energy Prices Amid Iran Conflict

    • March 7, 2026
    White House Seeks Bolder Action on Energy Prices Amid Iran Conflict

    Goldman Sachs Warns Oil May Surge Above $100/bbl if Hormuz Flows Don’t Recover

    • March 7, 2026
    Goldman Sachs Warns Oil May Surge Above $100/bbl if Hormuz Flows Don’t Recover

    American Clean Power Association Report Shows U.S. Added Over 50 GW of Clean Energy Capacity in 2025

    • March 7, 2026
    American Clean Power Association Report Shows U.S. Added Over 50 GW of Clean Energy Capacity in 2025

    E.ON Connects Two-Millionth Renewable Energy Installation To Its Distribution Network In Germany

    • March 7, 2026
    E.ON Connects Two-Millionth Renewable Energy Installation To Its Distribution Network In Germany

    FTC Solar Reports Strong Q4 2025 Results With Revenue Up Nearly 150% Year-Over-Year

    • March 7, 2026
    FTC Solar Reports Strong Q4 2025 Results With Revenue Up Nearly 150% Year-Over-Year

    IFC Backs Major Wind Power And Transmission Project In Argentina

    • March 7, 2026
    IFC Backs Major Wind Power And Transmission Project In Argentina

    IGBC Green Telangana Summit 2026 Brings Global Leaders To Hyderabad To Discuss Net-Zero Cities

    • March 7, 2026
    IGBC Green Telangana Summit 2026 Brings Global Leaders To Hyderabad To Discuss Net-Zero Cities

    Iran War Sends US Crude Up Over $10 a Barrel, Topping $90

    • March 7, 2026
    Iran War Sends US Crude Up Over $10 a Barrel, Topping $90

    Venture Global’s CP2 LNG Plant Costs Increase by $4 Billion

    • March 7, 2026
    Venture Global’s CP2 LNG Plant Costs Increase by $4 Billion