Banpu Next EcoServe Partners with SPI Energy to Launch Joint Venture for Rooftop Solar Projects

Banpu Next EcoServe Company Limited (BPNE), a subsidiary of Banpu Public Company Limited (BANPU), has announced a strategic partnership with SPI Energy Investment Pte. Ltd. (SP) to establish a new joint venture company, BNSP Company Limited. The collaboration aims to invest in and develop rooftop solar projects both in Thailand and internationally.

Under the agreement, Banpu Next EcoServe will hold a 51% stake in the joint venture, while SPI Energy will own the remaining 49%. The newly formed BNSP Company Limited will serve as a holding company to oversee the investment and development of renewable energy projects.

In addition, the joint venture has established BNSP Smart Tech One Co., Ltd., a subsidiary with a registered capital of 3 million baht. The capital is divided into 30,000 shares, priced at 100 baht per share. The subsidiary will focus on investing in and developing District Cooling systems and rooftop solar projects, further expanding the companies’ footprint in the renewable energy sector.

Mr. Sinin Vongkusolkit, Chief Executive Officer of Banpu Public Company Limited, stated, “This partnership marks a significant step in our commitment to advancing sustainable energy solutions. By leveraging the expertise of both Banpu Next EcoServe and SPI Energy, we aim to accelerate the adoption of clean energy technologies and contribute to a greener future.”

The joint venture aligns with Thailand’s growing focus on renewable energy and sustainability, as the country continues to transition toward cleaner energy sources. The collaboration is expected to drive innovation and expand access to solar energy solutions, both domestically and internationally.

This initiative underscores Banpu’s strategic vision to diversify its energy portfolio and strengthen its position as a leader in the renewable energy sector. The partnership with SPI Energy, a global player in solar energy, further enhances the potential for impactful and scalable projects in the years to come.