Economy
New Investor Acquires Majority Stake in SPCG Solar Farm Business
Worrasit Phokachaiyapat has finalized a 5-billion-baht acquisition of a 57% stake in SPCG, citing the long-term stability of solar energy revenue.
According to a report by Prachachat Business, investor Worrasit Phokachaiyapat has successfully concluded a deal to acquire a 57% stake in SPCG, a prominent player in Thailand’s solar farm sector. The transaction, valued at approximately 5 billion baht, was finalized following three months of negotiations.
Worrasit highlighted that the primary motivation behind the investment is the clear and predictable long-term revenue generated by SPCG’s solar farm operations. These earnings are supported by established power purchase agreements with the Thai government, providing a stable financial outlook for the company.
For residents and expatriates in Thailand, this acquisition signals continued institutional confidence in the country’s renewable energy infrastructure. As Thailand pushes toward its net-zero goals, the stability of major energy providers like SPCG remains a critical component of the national power grid. While the ownership transition has been confirmed by the company’s board, observers are now waiting to see if this change in leadership will lead to shifts in the company’s operational strategy or future expansion plans. As of now, no further details regarding potential changes to service delivery or corporate governance have been disclosed.