SP Group Partners with Banpu NEXT to Offer Clean Energy Solutions Across Asia Pacific

SP Group (SP), a leading utilities group in Singapore and Asia Pacific has signed a memorandum of understanding (MoU) with Banpu NEXT to collaborate on developing sustainable energy and smart city solutions across Thailand and the Asia Pacific region.

Banpu NEXT is a subsidiary of Banpu PCL and a leading smart clean energy solutions provider in Thailand and Asia Pacific with a strong portfolio of renewable energy and energy storage businesses across the region, including solar farms in China, Japan, the United States, and Australia; wind farms in Vietnam; energy storage business in Singapore; and smart city development projects in Thailand's Phuket and Chonburi provinces.

The partnership will consolidate the expertise and strengths of both companies in clean and sustainable energy solutions to drive urban decarbonisation efforts in the region.

Both parties will explore the applications of district cooling systems, cross-border renewable energy certificates (RECs) platform and smart city solutions to support the development of sustainable and smart energy cities in the region.

With the global clean energy market expected to reach $1,977.6 billion by 2030 and the Asia-Pacific region estimated to have the highest share of the market over the next decade with a compounded annual growth rate of 9.6 per cent annually, this partnership between Banpu NEXT and SP aims to facilitate this demand for innovative clean energy solutions.

Mrs. Somruedee Chaimongkol, Chief Executive Officer of Banpu PCL and Banpu NEXT Co., Ltd., said, "Banpu NEXT operates under Banpu Greener & Smarter strategy with a focus on providing 'Smart Energy Solutions'. We drive growth of our five core businesses: Renewable Energy, Energy Storage, Energy Trading, e-Mobility and Smart Energy. 

Mr. Stanley Huang, Group Chief Executive Officer of SP Group, said, "We are pleased to partner Banpu NEXT to support the clean energy ambitions of Thailand and the Asia Pacific region. Our combined expertise in developing and implementing smart and clean energy solutions will offer cities and districts more low-carbon, high-efficiency solutions to support their sustainable growth. Contributing to the region's clean energy transition is also integral to our vision of empowering the future of energy and building a sustainable future for all."