BCPG Public Company Limited, a leading renewable energy company in Thailand, has signed an MoU with Keppel New Energy Pte Ltd, a wholly-owned subsidiary of Singapore-based Keppel Infrastructure, aiming to collaborate on providing low-carbon, sustainable energy solutions and infrastructure in ASEAN.
The MoU will bring together the strengths of both companies to meet the rising demand for clean and renewable energy as well as value-added energy services to lower carbon emissions and to power sustainable urbanization arising from rapid economic development in ASEAN. The two companies will collaborate exclusively on developing and delivering high-efficiency cooling-as-a-service, Electric Vehicle (EV) charging infrastructure and operation, and other smart city infrastructure in Thailand.
In addition, both parties will also collaborate on renewable energy generation and interconnected transmission, as well as projects that generate high-quality renewable energy certificates and carbon offsets for the growing carbon offset markets in ASEAN. The partnership will also include developing a carbon credit marketplace and trading platform to be utilized in Thailand, Laos and Singapore in the future.
The MoU will draw Keppel Infrastructure’s expertise in developing and operating reliable, efficient and flexible energy and environmental infrastructures, such as combined cycle power plants, district cooling systems, integrated waste-to-energy facilities as well as water reuse and desalination plants.
BCPG is the first mover of the smart energy business in Thailand. It has developed the first and the largest Peer-to-Peer energy trading project in Southeast Asia. Currently, the company is developing the CMU Smart City Clean Energy Project at Chiang Mai University by applying cutting-edge technologies such as Blockchain, AI and Machine Learning to clean energy management within the university.
Thailand has been actively promoting the use of renewable energy and previously announced a commitment to have 30% of total installed power capacity from renewables by 2030 and restore 55% of the total area of the country as forest cover by 2037.