CKPower expands renewable certificates business

This aims to boost the adoption of clean energy.

CK Power Public Company Limited is expanding its Renewable Energy Certificates (RECs) business to fuel the adoption of renewable energy and support businesses in reducing greenhouse gas emissions.

In a statement, Thanawat Trivisvavet, managing director, CK Power Public Company Limited, said, the company has been involved in RECs trading since 2022. This is done through its subsidiary Bangkhenchai Company Limited (BKC), registering renewable energy projects on trading platforms in partnership with Innopower Company Limited, a subsidiary of EGAT.

CKPower has so far delivered over 39,660.46 RECs to clients committed to decarbonising their operations.

To further support its REC initiative, CKPower is exploring opportunities from its run-of-river hydropower plant, Xayaburi Power Company Limited (XPCL), located in the Lao PDR. It is working with Mekha V Company Limited to evaluate RECs integration via the ReAcc platform.

CKPower's renewable energy strategy also includes new solar projects totaling 13 megawatts (MW), developed in partnership with Bangkok Expressway and Metro Public Company Limited (BEM).  The first of these projects is expected to begin commercial operation in early 2025.

Additionally, BKC has signed a power purchase agreement with the Provincial Electricity Authority under the Feed-in Tariff program for a 6 MW solar project, scheduled for operation by 2027.

CKPower targets 95% renewables by 2043 and net-zero emissions by 2050.