Thailand’s premier wind energy firm, Wind Energy Holding Co., Ltd. (WEH), recently took a key step in its expansion plan with the acquisition of four new renewable energy ventures totaling 299.1 megawatts (MW), fortifying its position within the sustainable energy sector.
With this addition, WEH’s licensed electricity generation capacity has spiked by 42% up to 1,016 MW exceeding the longstanding target of 1,000 MW. These new projects are part of Thailand’s Feed-in Tariff (FiT) scheme, in support of the government’s clean energy drive.
A 30 MW solar installation featuring on-site energy storage, as well as three wind projects each of 89.7 MW, lie at the heart of the firm’s efforts backed by THB 15.7 billion in secured investment. They are projected to earn revenue in 2027, with full realisation due in 2030.
WEH’s crucial milestone of reaching 1,000 MW in licensed capacity highlights its continual progress and ambition in the clean energy industry. Chief Executive Officer Mr. Nuttpasint Chet-udomlap, who can be seen above, states the accomplishment shows his company’s roadmap is on track and sets the stage for further growth as a prominent regional leader.
In 2024, the firm reported revenue exceeding THB 10 billion for the fifth consecutive year, reaching THB 11.313 billion, while net profit totalled THB 5.388 billion – marking the fourth year in a row above THB 5 billion, to reinforce its position as a market-leading enterprise.
Key operational highlights included a sizeable reduction in the debt-to-equity ratio to 0.74 from 1.01, strong operating cash flow of THB 9.57 billion, and the continuation of dividend payments, supported by the seamlessly organised operations and healthy cash reserves.
The well-received results can be attributed to favourable wind conditions, along with solid levels of efficiency. WEH possesses financial strength and is in a great position to provide sustained returns over the long term for its shareholders, according to Mr. Chet-udomlap.
Presently there are more than 2,000 MW of clean energy ventures being launched by the enterprise for upcoming government and international bidding procedures. The imminent solar and wind projects are poised to significantly aid Thailand in achieving its renewable energy objectives outlined in the upcoming Power Development Plan (PDP) 2024–2037.
In addition to its primary energy business, WEH holds investments in property, healthcare, and financial services through its stakes in publicly traded companies. Renewable energy however is undoubtedly the dominant priority for the company as it progresses its vision.
