ACE prepares to sign PPA 18 for solar farm power plant projects by the end of this year. Net profit in the second quarter of this year was 315.8 million baht, growing 14.8%.

Mr. Thanachai Bunditworapoom, Chief Executive Officer of Absolute Clean Energy Public Company Limited or ACE, Thailand's clean energy business leader, reveals that the business direction in the first half of the year has made positive progress. continuously There is also a feed-in tariff (FiT) renewable energy power plant project from 2022 - 2030 in the category of ground-mounted solar energy, totaling 18 projects with a total offering capacity of 112.73 MW, waiting for the PPA to be signed, expected in October 2023. If it goes according to plan until the construction can be completed, it is expected to be able to COD from 2024 onwards, respectively, namely 2024 in the amount of 35.4 MW, in 2025 in the amount of 57.33 MW and in 2027 in the amount of 20 MW respectively, which will result in ACE leap growth

In terms of performance in the second quarter of 2023, ACE had a net profit of 315.8 million baht, an increase of 14.8% from the first quarter of 2023. Total sales and service income was 1,613.3 million baht, a decrease of 7.3% from the first quarter of 2023 due to revenue. Gas-fired power plants in terms of electricity costs decreased in line with the natural gas prices that have decreased.

Source: Thai News Agency