Super Energy Corporation Plc (Super), the largest solar farm operator in Thailand and abroad in terms of total capacity, is reorganizing its operations to become a more agile organization. As part of this effort, the company has acquired two new renewable energy assets while divesting what it considers to be an inactive asset.
The CEO of Super Energy, Jormsup Lochaya, announced that the board of directors has approved the acquisition of a 51% stake in Equator Solar Co, which amounts to 7.1 million ordinary shares. These shares were purchased at a price of 115 baht per share.
Super Energy’s subsidiary, Super Solar Energy (SSE), executed the acquisition, resulting in SSE’s ownership in Equator Solar rising from 49% to full control at 100%.
Equator Solar operates solar power generation facilities in Khao Yai, with a combined capacity of 75 megawatts. These facilities, located in Phetchaburi’s Cha-am district, have been supplying electricity to the Provincial Electricity Authority (PEA) since 2016.
In addition, the board has also approved the acquisition of a 51% stake in Super Earth Energy 6 Co, amounting to 2.55 million ordinary shares. Each share is valued at 52.3 baht. This acquisition, facilitated by SSE, increases SSE’s ownership in Super Earth Energy 6 to 100%, up from 49%.
Super Earth Energy 6 operates a waste-to-energy power plant with a capacity of 9 megawatts in Phichit province. The plant has been operational since 2020 and sells electricity to the PEA.
Furthermore, Super Energy has decided to sell all 1.9 million shares held by its subsidiary, SPP Six Co, in Thatako Solar Energy Co. The total value of these shares, representing 78.5% of Thatako Solar Energy’s shares, is 4.93 million baht.