TPIPP aims to boost renewable power sales

A plan to phase out coal-fired power generation offers a new business opportunity for SET-listed TPI Polene Power (TPIPP), Thailand's largest waste-to-energy developer, aiming to increase renewable power sales to customers in the industrial sector.

- YUTHANA PRAIWAN

Growing concerns over the impact of non-tariff barriers imposed by the European Union (EU) on carbon-intensive manufacturing are causing factory operators to avoid using electricity derived from fossil fuels.

TPIPP plans to gradually abandon coal usage at its power plants by 2026, depending solely on renewable resources from 2027, said Pakkapol Leopairut, executive vice-president for accounting and finance.

The company's total power generation capacity from renewables facilities, such as waste-to-energy (WTE) power plants and solar farms, is expected to increase to 541 megawatts in 2027, up from 493MW in 2024.