WHAUP continues to strengthen its position as a renewable energy leader by securing a major deal with Yida New Material for the installation of a 16.64-megawatt Solar Rooftop project. The project is expected to help the customer reduce electricity costs by more than THB 1.22 billion over the 20-year contract period and cut carbon emissions by over 206,491 tons of carbon dioxide equivalent. The initiative will also enhance energy management efficiency and operational standards through AI technologies and real-time monitoring via WHAUP’s Unified Operations Center (UOC), strengthening the customer’s competitiveness and energy confidence amid increasingly volatile energy markets.
WHA Utilities and Power Public Company Limited (SET: WHAUP) remains committed to continuously expanding its renewable energy business, reinforcing its position as a leading provider of integrated utilities and renewable energy solutions. Most recently, the company signed a Power Purchase Agreement (PPA) with Yida New Material (Thailand) Co., Ltd. for the development of a Solar Rooftop project at the customer’s manufacturing facility in Chonburi Province, with a total installed capacity of 16.64 MW.
The project reflects not only the customer’s confidence in WHAUP’s solutions, but also serves as a key driver in improving energy efficiency and delivering tangible cost savings for its business partners.
Construction of the project has already commenced and is expected to be completed with commercial operation scheduled in Q4 2027. Over the 20-year contract period, the project is projected to generate electricity cost savings of approximately THB 1.22 billion for the customer while reducing greenhouse gas emissions by more than 206,491 tons of carbon dioxide equivalent, supporting Yida New Material’s ambition to become a Green Manufacturing company.
Yida New Material’s decision to select WHAUP as its energy partner further reinforces confidence in WHAUP’s end-to-end capabilities, covering project design, investment, installation, and long-term operational management.
To maximize operational efficiency, WHAUP has integrated advanced technologies and innovation into the management of the 16.64 MWp Solar Rooftop project. The company utilizes AI systems and real-time monitoring technologies through its Unified Operations Center (UOC) to closely monitor and analyze electricity generation performance, enabling more accurate energy management and maximizing benefits for the customer.
Akarin Prathuangsit, Chief Executive Officer of WHA Utilities and Power Public Company Limited (WHAUP), stated: “The Yida New Material Solar Rooftop project marks another significant milestone for WHAUP in 2026 and reflects the company’s progress in executing its strategic plan to expand its industrial customer base and drive clean energy solutions that deliver tangible business outcomes. This project reinforces WHAUP’s role as a trusted energy partner capable of supporting customers with solutions that help reduce costs, strengthen energy security, and advance long-term sustainability goals.”
Amid ongoing volatility in global energy prices and the possibility of rising electricity tariff (Ft) costs, energy is no longer viewed merely as a production cost, but has become a critical factor determining long-term business competitiveness. Industrial operators are increasingly required to shift away from reliance on traditional energy sources toward building a more flexible energy portfolio.
WHAUP is therefore focused on developing cleaner and more flexible energy solutions, including Direct Power Purchase Agreements (Direct PPA), while also advancing toward future Peer-to-Peer Energy Trading platforms. These initiatives are designed to help customers optimize costs, strengthen energy resilience, and achieve sustainability goals in a concrete and measurable way. The effort also reflects WHA Group’s commitment to driving its vision of “WHA: Shape the Future for Thailand,” Mr. Akarin concluded.
