KJL banks on renewables trend for growth

A growing trend in self-solar power generation among households and businesses is boosting solar power-related businesses, including Kijcharoen Engineering Electric (KJL), an electrical control cabinet manufacturer that is anticipating 10-15% growth this year despite the stagnant economy.

- YUTHANA PRAIWAN

MAI-listed KJL, Thailand’s largest electrical control cabinet manufacturer by production capacity, believes it can achieve this growth rate annually between 2025 and 2029, thanks to the growing popularity of renewable power.

“Households and businesses increasingly want to become independent power suppliers,’ said Kasemsan Sujiwarodom, chief executive of KJL, referring to a group of residents and entrepreneurs who produce electricity for their own use.

They usually generate electricity from ground-mounted and rooftop solar panels.

Increasing demand for solar power and lower equipment costs are a key factor boosting purchases of electrical control cabinets, said Mr Kasemsan.