WHA Utilities and Power Public Company Limited (SET: WHAUP) has announced a significant milestone in its renewable energy expansion, officially confirming the execution of Power Purchase Agreements (PPAs) for six solar farm projects. These projects, which represent a combined equity capacity of 135.8 megawatts (MW), mark a major step forward in the company’s commitment to sustainable energy solutions under Thailand’s regulatory framework.
The disclosure through the Stock Exchange of Thailand states that WHAUP was selected as a developer under the Feed-in Tariff (FiT) scheme for the 2022–2030 period. This scheme, managed by the Energy Regulatory Commission (ERC), focuses on sourcing electricity from non-fossil fuel power plants to bolster the nation’s green energy infrastructure.
WHAUP’s subsidiaries and joint venture entities have finalized agreements with two major national utilities: the Provincial Electricity Authority (PEA) and the Electricity Generating Authority of Thailand (EGAT).
The six projects are slated to begin their Scheduled Commercial Operation Dates (SCOD) between 2027 and 2030. The portfolio includes a diverse mix of solar technologies and capacities:
- Solar Farm with Battery Storage: A standout in the portfolio is a 40.6 MW ground-mounted solar farm equipped with a Battery Energy Storage System (BESS), managed by WHA Solar Co., Ltd., with an SCOD set for 2029.
- Small Power Producer (SPP) Projects: Two substantial projects under Stella Power 1 and Stella Power 2 Co., Ltd. will contribute 35.4 MW and 30.2 MW respectively, with operations beginning in 2029 and 2030.
- Very Small Power Producer (VSPP) Projects: WHA Solar Co., Ltd. will also oversee three smaller ground-mounted solar farms, each with a contracted capacity of 9.9 MW, scheduled to come online between 2027 and 2030 for a total of three projects.
