Top Renewable Energy Companies in Thailand

Thailand's renewable energy industry has experienced significant growth in recent years, driven by a myriad of factors including government initiatives, increased consumer demand, and technological advancements. This article delves into the key statistics from 2022, factors contributing to the industry's growth and success, a comparison of each industry's growth to previous years, key trends including technological disruptions, challenges, and future outlook.

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CompanyHeadcountContactDescriptionDecision Maker
EASTERN GROUP PLC8 +66 2 158 6148
info@eastern-groups.com

Eastern Group Plc is a management services and engineering company based in Bangkok and Surat Thani. My role as VP International Marketing is to bring Eastern Group managed services and engineering offering to the native and non-native English speaking (ESL) market in Thailand and SE Asia. Eastern Groups Manpower Mangement provides managed services for many Government sectors and large private corporations including; Meter readers Call centre staff/CS/Operator/Information Administrative assistants Chauffeurs and drivers Mechanics Engineers Inspectors The Eastern Groups Burapa Engineering team specialise in high voltage (HV) underground & overhead energy infrastructure projects and construction & commissioning of telecoms towers and associated equipment. Burapa also specialises in renewable energy projects mainly solar, biomass and biogas. Solar rooftops for domestic and commercial customers will be available from Q2 2016.

IMPACT ELECTRONS SIAM (IES)31 +66 2 825 9229
info@impactelectrons.com

Established in 2011, Impact Electrons Siam (IES) emerged successfully in the renewable energy industry with strong emphasis on developing clean and reliable energy in order to build a better future for our community, our country, and our region. The crucial key to the success of our groundbreaking venture is in our young and industrious team that led our projects from the beginning of its development stage down to its final execution of power delivery — even in constructing the plant and the very power lines that connect it to the grid. IES is at the forefront of renewable energy developments in the Asia Pacific and is dedicated to effectively provide sustainable energy solutions to all.

ASIA BIOMASS PUBLIC COMPANY LIMITED8 +66 2 415 0054
ir@asiabiomass.com

Biomass energy is a form of clean, renewable energy which is largely utilized globally and have growing interest across the world. It is derived from agriculture such as plants, trees, and other organic wastes. Being environmental friendly, it also helps reduce greenhouse gas emissions which is a major cause of global warming. With more than 70 years of experience, Asia Biomass Public Company Limited or ABM is the one of the largest biomass company in Thailand and is the leader in supply chain management delivering biomass as well as other related products in Thailand. We are a one-stop service which helps to source, consult, and deliver biomass to clients in various industries both domestic and aboard.

THAI-FIN ENGINEERING & CONSULTING CO., LTD.1 +66 44 926 591
sales@thai-fin.com

High quality water purification equipment, solutions and European know-how at Southeast Asia prices

SUPER ENERGY CORPORATION PLC.96 +66 2 361 5599
info@supercorp.co.th

บริษัท ซุปเปอร์ เอนเนอร์ยี คอร์เปอเรชั่น จํากัด (มหาชน) ก่อตั้งขึ้นเมื่อวันที่ 20 ธันวาคม 2537 โดยใช้ชื่อ บริษัท ซุปเปอร์บล๊อก จำกัด ภายใต้การสนับสนุนของคณะกรรมการส่งเสริมการลงทุน ด้วยทุนจดทะเบียน 150 ล้านบาท เดิมเพื่อดำเนินธุรกิจการผลิตและจำหน่ายผลิตภัณฑ์คอนกรีตอิฐมวลเบา (Autoclaved Aerated Concrete) เกรด 4 ซึ่งประกอบด้วย บล็อกก่อผนัง แผ่นผนังสำเร็จรูป และ เสาเอ็นทับหลังสำเร็จรูป โดยใช้เครื่องจักรซึ่งเป็นเทคโนโลยีของ WEHRHAHN จากประเทศเยอรมนี และมีโรงงานผลิตตั้งอยู่ที่ 9/1 หมู่11 ถนนสิงห์บุรีปากดง ตำบลบางระจัน อำเภอค่ายบางระจัน จังหวัดสิงห์บุรี ทั้งนี้บริษัทเริ่มดำเนินการผลิตในเดือนมิถุนายน 2539 ต่อมาบริษัทได้จำหน่ายทรัพย์สินที่ใช้ในการดำเนินธุรกิจผลิตอิฐมวลเบาออกไปเมื่อวันที่ 28 กุมภาพันธ์ 2556 ปัจจุบัน ได้มีการเปลี่ยนแปลงในธุรกิจโดยหันมาให้ความสนใจในธุรกิจโรงไฟฟ้าพลังงานทดแทน และได้มีการปรับเปลี่ยนโครงสร้างบริษัท เพื่อให้มีความเหมาะสมต่อการดำเนินธุรกิจโรงไฟฟ้าพลังงานทดแทน โดยมีสำนักงานใหญ่ของบริษัทตั้งอยู่ที่ 223/61 ชั้น 14 อาคารคันทรี่คอมเพล็กซ์ อาคารเอ ถนนสรรพาวุธ แขวงบางนา เขตบา…

GREEN BUILDING CONSULTING & ENGINEERING5 +66 2 521 7024
project@greendesignconsulting.com

Green Building Consulting & Engineering is an award-winning Thailand based consultancy creating high performance buildings that improve peoples well-being while preserving the planet. With compelling arguments from increased ROI to enhanced occupant health, we understand that on top of saving the planet, Sustainable Buildings are a strong business asset. We intervene at all stages of a buildings life, from developing early concepts, designing to sustainability specifications, complying with international certification standards, managing green operations to optimizing the performance of your existing facilities. We have developed projects across a variety of sectors such as hotels and resorts, offices, mixed-use, airports, healthcare, residential, educational and industrial projects in in France, China, Indonesia, Taiwan, Hong Kong, Singapore, Mongolia and Thailand.

THAI ROONG RUANG GROUP30 +66 2 282 2022
customerservice@trrsugar.com

Thai Roong Ruang Sugar Group (TRR Group) has started the business since the end of Second World War. During that period, Thailand was confronting with a sugar shortage crisis, in thereby the private sector was encouraged by the government to set up sugar factories in order to tackle the crisis. Due to the high costs of imported machinery and equipment, Mr. SureeAsadatorn, locally known as Thao Kae Lin and externally named as “Thailands King of Sugar, successfully invented the equipment of sugar production by his own knowledge and skills in steel lathing without the need to import any machinery and equipment from abroad. With his patience and perseverance, the first sugar factory, called Ruamkamlarp Sugar Factory (i.e. Ruamkamlarp Co., Ltd.) was successfully founded on 7 May 1946, located at soiPrompong, beside Saen Saeb canal in Bangkok. This sugar factory is widely acknowledged as the first privately-owned sugar factory in Thailand

MITR PHOL GROUP564 +66 81 426 1415
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Mitr Phol is a fully integrated-sugarcane company in Thailand, with the aim to be a world-class sugar producer and bio-based leader. The firms diversified portfolio range from consumer products to power, ethanol, wood replacement products, fertilizer, feed and functional food ingredients, as well as services. With operations in Thailand, China, Australia, Laos, and Indonesia, we have established a strong presence in the regional arena. The firm strongly believes in peoples value, and great attention has been paid to development. The firm received Aons Best Employer Award three years consecutively from 2016 to 2018; and ranked seventh in the year 2023 as a company that young generations want to work with by WorkVenture.

RIVERHOUSE PHUKET2 +66 80 008 9918
living@riverhousephuket.com

Riverhouse Phuket offers a combination of renewable energy in a tranquil mountainous backdrop setting in the most sort-after residential area of Phuket. The Loft Style living in combination with edgy functional design of the villa offers something Phuket has never had before. State of the art energy efficient home with uniquely designs to maximize energy saving and minimize our carbon footprint. Riverhouse Phuket is not another development in this prestigious area of Phuket, it is a future home with purpose where we believe in environmentally conscious lifestyle. Developed by E-Land Development. The team has a long history and experienced in construction business both in Asia Pacific and Europe. Therefore, we strive to build homes with the highest energy standards and living conditions, while offering the One of a Kind pool villa design this are ever had. Riverhouse showcases a harmonious combination of Loft Style Living design and modern tropical pool villas. These unique villas …

PRECISE153 +66 92 283 6660
info@precise.co.th

Precise is a group of Thai Companies specialized in the filed of Electrical Power Distribution Equipment up to 115kV. Project & Service for Substation, Renewable Energy and Supervisory System Since its formation in 1983, PRECISE has accomplished an impressive growth rate of approximately 20% per annum. Our headquarter is situated in Bangkok with two main factories in Nonthaburi and Pathumthani provinces. Currently there are over 700 employees working within the group and will achieve in excess of US$55 million in 2008 Every single member of the PRECISE GROUP are working towards creating a better world by providing the maximal standard of products and services in order to satisfy our customer need, whilst at the same time community and the global environment by providing clean and efficient energy system.

MAEJO UNIVERSITY445 +66 53 873 277
mjumooc@mju.ac.th

Founded in June 7, 1934, Maejo University (MJU) is considered as Thailands oldest agricultural institution. It was first established as the Northern Agricultural Teachers Training School under the Ministry of Education and was later transferred under the Ministry of Agriculture to become the Kasetsart Preparatory School. After a year, it was officially installed as Maejo Agricultural School to serve as a research station of Kasetsart University (KU), a state university in Bangkok. It began to accept M.6 (Grade 12) students who, upon finishing at Maejo, were automatically admitted to KU for a 4-year degree program. In 1956, Maejo was renamed Chiang Mai College of Agriculture, making it the first certificate-granting agricultural college under the Ministry of Education. Its graduates became secondary school teachers in agriculture. In 1975, Maejo was royally confirmed as a state university under the Ministry of University Affairs but was called the Institute of A…

BEST TECH & ENGINEERING LTD22 +66 38 090 796
hr@bteng.com

Since establishment in 1987, Best Tech & Engineering Limited currently stands as the one of the largest fabricator of steel products in Thailand. With three office locations and manufacturing facilities, we provide complete solutions for plant equipment, one-stop-service, as well as construction, and project management. Our main parts manufacturing facility, located in Chacheongsao province, offers fully equipped manufacturing lines with the total area of 89,828 sqm. Our second facility is the Waterfront Assembly Yard, located in Chonburi province, approximately 2 hours from Bangkok International Airport. This facility offers immediate access to the port as well as a yard availability of nearly 160,000 sqm. of open space. This yard provides the solution for Modularization as well as assembly for large items. It is located right by the naval seaport which allows for the ease of transportation for load-out. Finally, our headquarter is located in Bangkok, where all back-office and sales a…

PPP GREEN COMPLEX25 +66 32 909 611
info@pppgc.co.th

PPP Green Complex Company, the 1st fully integrated palm complex, providing integrated renewable products, for the community and the environment. As Thailands 1st comprehensive oil well situated in the province of Prachuap Khiri Khan, PPP Green Complex uses locally sourced palm harvested from farmers to produce crude palm oil (CPO), the main raw material for producing edible vegetable oil as well as biodiesel, to support the Thai Governments renewable energy initiative. By-products produced such as biomass and waste water is used to produce electricity as well as biogas to generate energy for the plants internal consumption, and palm kernel oil and glycerin is used for pharmaceutical and cosmetics products. A truly zero waste palm complex, Thailands 1st comprehensive oil well

THAI ORIX LEASING CO., LTD.73 +66 2 528 3000
wasinee.c@orix.co.th

Thai ORIX Leasing Co., Ltd. (TOLC) was established in 1978 in order to service equipment financial lease and started auto leasing Business in 2001. TOLC has been a pioneer of the leasing industry in Thailand since its foundation and has played a prominent role in the evolution of the leasing industry and penetration of the leasing product in the financial market. If you would like to be part of our team, please come to join us and send your profile to hr_recruitment@orix.co.th. To learn more about our company, please visit our website at http://www.orix.co.th

GUNKUL ENGINEERING PUBLIC COMPANY LIMITED165 +66 2 242 5800
ir@gunkul.com

Gunkul Engineering Public Company Limited is one of the largest Thailands trading companies in the power industry dealing predominantly in transmission and distribution products, supplying both government and private sectors. Expansion in Asia on renewable energy power producer business is our key growth policy where we are specializing in; - Manufacturing & Trading - Power Producer - Engineering Procurement and Construction - Operation & Maintenance - Solar Power Production System and LED - GRoof Established in 1982, our company is rapidly growth with proven track record of success in term of financial, overall performance, reputation, reliable and our success is further endorsed by the many awards we have won over 38 years.

KUDUN AND PARTNERS77 +66 2 838 1795
kongwat.a@kap.co.th

Kudun and Partners is one of Thailands leading and award-winning independent law firms, consecutively recognized as Thailand Law Firm of the Year by The Legal 500 Southeast Asia Awards in 2020/2021 and 2023. Emboldened by a vision to redefine the traditional working relationship between law firms and their clients and create a vibrant new practice, Kudun and Partners was founded in 2015 by four young partners who shared a passion for acting as trusted business advisors with unparalleled legal experience rather than simply as legal counsel. Our experienced team of international and Thai lawyers, comprised of 16 partners and over 50 associates, act as trusted advisors to a range of government entities, financial institutions and private equity funds, as well as leading Thai and international private and public corporations on transactions in Thailand and throughout the Asia Pacific region, covering the full spectrum of industry sectors. At Kudun and Partners, we dont just provid…

IMI GROUP 1989(blank) +66 38 607 526
sales@imi-industries.com

Reliable Partner, Innovative Solutions

SUPERNAP (THAILAND)37 +66 33 125 100
security-operations@supernap.co.th

SUPERNAP Thailand focuses on delivering the highest security and quality of data center services including colocation, cloud and hybrid solutions to protect its customers assets, while lowering risk and operational costs. Purposely built from the ground up to deliver high density, cooling, security, redundancy and energy efficiency to our clients, SUPERNAP Thailand has been operating and providing 100% uptime since its opening in 2017. SUPERNAP Thailand provides capacity that no other data center in Southeast Asia matches: up to 33kW per cabinet, as well as low Power Usage Efficiency (PUE) level, making it the most sustainable data center. Furthermore, in 2022, SUPERNAP Thailand is the only Tier IV colocation and cloud data center in Thailand to implement a solar panel farm, bringing renewable energy to the digital infrastructure of the country. SUPERNAP Thailand is also modulable and scalable, ready to extend to provide more than 60MW of power and space for more than 5,000 cabine…

GREENPEACE SOUTHEAST ASIA199 +65 6471 1062
media.library.int@greenpeace.org

In the last two decades, we have grown from a small group of dedicated staff and supporters into an organisation with offices in Thailand, Indonesia, the Philippines and Malaysia.  Together with our thousands of volunteers and supporters, we are able to bring about sustainable and green solutions to the most urgent local challenges. These include the Climate Emergency and its impacts on the regions diverse local communities, wildlife and ecosystems; our rights to clean air and healthy food systems; and the protection of our ancient forests and oceans and the people that depend on them. As Greenpeace, we use non-violent creative action to pave the way towards a greener, more peaceful world, and to confront the systems and practices that threaten our environment. Our independence is vital- a core principle that guides all of our campaigns and fundraising. We are honoured that our work is funded by donations from passionate individuals and grants from private foundations who share our…

BIOTRIX5 +66 2 717 8938
info@biotrix.asia

Biotrix delivers tailor made anaerobic treatment systems designed specificially to the customers needs. Biotrix provides biogas and waste management solutions on a turnkey, BOT or design basis from small food waste plants to the largest in the world. The team at Biotrix has more than 30 years global experience in the sector, and seeks international partners, agents and investors to meet the expanding market in renewable energy and environmental compliance. If its Biogas...its Biotrix...

Top Renewable Energy Companies in Thailand

Key Statistics from 2022: GDP and Employment

In 2022, the Thai renewable energy industry recorded impressive figures, cementing its position as a vital economic sector. The industry's contribution to the country's Gross Domestic Product (GDP) rose by 5.5%, reaching THB 85 billion. This growth reflects the industry's resilience and ability to adapt to the changing market landscape.

Employment in the renewable energy sector also increased significantly in 2022. The industry employed approximately 60,000 workers, a 7% increase from the previous year. This growth highlights the industry's role in providing stable job opportunities to the Thai workforce.

Factors Contributing to Growth and Success: Government Initiatives

The Thai government has played a crucial role in promoting the growth and success of the renewable energy industry. Some of the key government initiatives include:

Policy support:

The Thai government has implemented various policies, such as the Power Development Plan (PDP) and the Alternative Energy Development Plan (AEDP), to encourage the adoption of renewable energy sources and set ambitious targets for the industry.

Financial incentives:

The government has provided various financial incentives, such as feed-in tariffs, low-interest loans, and tax breaks, to support renewable energy projects and attract investment in the sector.

Infrastructure development:

The Thai government has invested in improving grid infrastructure and promoting smart grid technologies to facilitate the integration of renewable energy sources into the national power grid.

Industry Growth and Comparison to Previous Years

The renewable energy industry in Thailand has demonstrated consistent growth in recent years. In 2022, the industry's growth rate surpassed the average of the previous five years, which stood at 4.2% per annum. The solar power segment experienced the highest growth, followed by wind power and biomass power. This growth can be attributed to the increased demand for clean energy, government support, and declining costs of renewable energy technologies.

Key Trends: Technological Disruptions

The Thai renewable energy industry has embraced several technological disruptions to drive growth, innovation, and sustainability. Some key trends include:

Energy storage:

The adoption of energy storage systems, such as batteries and pumped hydro storage, has helped to address the intermittency challenges associated with renewable energy sources and facilitated their integration into the power grid.

Digitalization:

The use of digital technologies, such as the Internet of Things (IoT), data analytics, and artificial intelligence (AI), has improved the efficiency, reliability, and flexibility of renewable energy systems.

Decentralized energy systems:

The growing popularity of microgrids and distributed energy resources (DERs) has enabled the development of localized energy systems, providing greater energy security and resilience to communities.

Challenges

Despite the industry's robust growth and success, it faces several challenges, including:

Grid integration:

The integration of renewable energy sources into the national power grid remains a challenge, due to technical constraints, regulatory barriers, and limited grid capacity.

Financing:

Access to affordable financing for renewable energy projects, particularly for small-scale developers and community-based initiatives, remains a challenge.

Skilled labor shortages:

The industry faces a shortage of skilled labor, particularly in the areas of renewable energy technology implementation and project management. This shortage could hinder the industry's ability to maintain its competitive edge and drive innovation.

Future Outlook

The future outlook for Thailand's renewable energy industry remains promising, driven by several factors:

Policy support:

The Thai government's continued commitment to renewable energy through supportive policies and ambitious targets is expected to drive further growth in the sector.

Declining costs:

As the costs of renewable energy technologies continue to decrease, their economic viability and attractiveness to investors and consumers will increase.

Growing awareness of climate change:

As the global focus on climate change intensifies, the demand for clean and sustainable energy sources is expected to rise, benefiting the Thai renewable energy industry.

Conclusion

Thailand's renewable energy industry has demonstrated impressive growth and adaptability in recent years. Despite the challenges it faces, the industry's future remains bright, driven by strong government support, technological advancements, and an increasing demand for clean energy. By capitalizing on emerging opportunities and addressing the challenges, the Thai renewable energy industry can continue to thrive and contribute significantly to the country's sustainable development goals.

To ensure sustained growth and competitiveness in the global market, the Thai renewable energy industry should adopt the following strategies:

Investment in Research and Development (R&D):

Investing in R&D will enable the industry to develop innovative renewable energy technologies and solutions that address the challenges of grid integration and energy storage.

Collaboration with Academia and Research Institutions:

The industry should strengthen its ties with academic institutions and research centers to foster knowledge exchange, drive innovation, and develop a skilled workforce with expertise in renewable energy technologies and project management.

Expanding into Emerging Markets:

Thai renewable energy companies should seize opportunities to expand their presence in emerging markets, particularly in Southeast Asia and other fast-growing regions, to capitalize on the increasing demand for clean energy solutions.

Embracing Digitalization:

The adoption of digital technologies, such as IoT, data analytics, and AI, will help Thai renewable energy companies enhance their operational efficiency, reduce costs, and optimize resource utilization.

Strengthening Public-Private Partnerships:

Thai renewable energy companies should work closely with the government to develop and implement policies, regulations, and incentives that promote the growth of the sector and facilitate its integration into the national power grid.

By implementing these strategies, the Thai renewable energy industry can continue to build on its success, overcome the challenges it faces, and maintain a strong position in the global market. As the industry continues to grow and evolve, it will play an increasingly significant role in driving sustainable development and creating employment opportunities in Thailand.

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By Melissa Goh
Published on 30 May 2023