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BCPG Public Company Limited, a leading renewable energy company in Thailand and Asia-Pacific, has signed a Memorandum of Understanding (MOU) with Keppel New Energy Pte Ltd, a wholly owned subsidiary of Keppel Infrastructure Holdings Pte Ltd (Keppel Infrastructure), aiming to collaborate on providing low-carbon, sustainable energy solutions and infrastructure in ASEAN.
The press statement stated, the MOU will bring together the strengths of both companies to meet the rising demand for clean and renewable energy as well as value-added energy services to lower carbon emission and to power sustainable urbanization arising from rapid economic development in ASEAN.
The two companies will collaborate exclusively on developing and delivering high-efficiency cooling-as-a-service, Electric Vehicle (EV) charging infrastructure and operation, and other smart city infrastructure in Thailand, it added.
In addition, both parties will also collaborate on renewable energy generation and interconnected transmission, as well as projects that generate high-quality renewable energy certificates and carbon offsets for the growing carbon offset markets in ASEAN.
The partnership will also include developing a carbon credit marketplace and trading platform to be utilized in Thailand, Laos and Singapore in the future.
Thailand has been actively promoting the use of renewable energy and previously announced a commitment to have 30% of total installed power capacity to be renewables by 2030 and restore 55% of the total area of the country as forest cover by 2037.
Mr. Bundit Sapianchai, CEO of BCPG said, “We are delighted to collaborate with Keppel on providing new energy solutions to buildings and smart cities in Thailand, as well as solutions on carbon emission reduction in ASEAN. This collaboration complies with BCPG’s commitment to promoting sustainability through innovative energy initiatives.”