Dr. Jiraporn Sirikum, President of Electricity Generating Public Company Limited (SET: EGCO), stated that its Yunlin offshore wind power plant in Taiwan would generate revenue to the company about THB 2 billion per year during the first five years of the plant’s full operation.
Between the first five months of 2025 (January – May), the Yunlin power plant had a capacity factor of about 35%, displaying the potential of wind power in the region and future revenue generation. This year, EGCO will recognize full-year revenue.
Furthermore, the company is also negotiating to acquire additional clean energy business in Taiwan to fulfill its target of increasing renewable power generation to 30% of its portfolio by 2030.
Dr. Jiraporn stated that the accomplishment of the Yunlin power plant allowed EGCO to expand its investment in Taiwan’s market, which has high potential and is strategically important for clean energy and renewable energy industries.
She also mentioned that Taiwan’s government acknowledged the company as a potential Thai investor with determination to fulfill its project. EGCO also has knowledge and expertise about offshore wind power plant power plants, learning from Yunlin power plant projects and professional and experienced partners.
Dr. Jiraporn added that the company is fully prepared and seeking for new investment opportunities continuously, especially the renewable and natural gas project. If that project shows promising signs, the company will consider investing in the project, based on fundamentals understanding from the Yunlin project.
EGCO started investing in Taiwan in 2019 by acquiring Yunneng Wind Power Company Limited’s shares during the construction of Yunlin offshore wind power plant. At that time, the company saw Taiwan’s determination and policies that support clean energy and reduce nuclear energy and coal’s reliance, as well as the push to increase the clean energy portfolio.
Furthermore, Taiwan is also a high potential region in the offshore wind power industry as its strait is one of the world’s windiest areas. Taiwan’s government has been encouraging foreign investors by allocating a large budget to support the transition to clean energy and green economy.
