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Egco acquires 49% interest in US clean power projects
Bangkok Post
|June 20, 2025
SET-listed Electricity Generating (Egco), a power generation arm of Electricity Generating Authority of Thailand, has acquired a 49% share in clean power projects in the US, stepping up efforts to reach its goal of having renewable energy assets account for 30% of the company's total assets within five years.
The company wants renewable assets to form 30% of assets in its portfolio by 2030, up from 22% at present, said Jiraporn Sirikum, president of Egco.
The new share acquisition, which commenced in April, was completed recently.
Egco clinched a deal with Apex Pinnacle II Member Llc to buy a 49% share in its Pinnacle II Portfolio, which comprises a wind farm and a solar farm.
Apex Pinnacle II Member is an affiliate of Apex Clean Energy Holdings Llc.
Ms Jiraporn.
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