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ACE 9-Month Profit Grows 45.6% Driven by Solar and Waste Power

ACE 9-Month Profit Grows 45.6% Driven by Solar and Waste Power

Prachachat•Economy•47m ago

Reader Briefing

Absolute Clean Energy Public Company Limited reported a net profit of 852.8 million baht for the first nine months of 2026.

  • •Absolute Clean Energy (ACE) saw a 45.6% increase in net profit for the first nine months of 2026.
  • •Quarter 3 of 2026 net profit reached 259.7 million baht, up 23.2% from the same period last year.
  • •The profit growth was driven by solar farm projects and community waste power plants.
  • •ACE is studying details to participate in the 2026 Community-based Solar Power Generation Project bidding.

Overview

  • •Absolute Clean Energy reported revenue of 5,133.8 million baht and a net profit of 852.8 million baht for the first nine months of 2026.
  • •The increase in gross profit for Absolute Clean Energy in Quarter 3 was driven by the gradual COD of solar projects and increased operating hours of community waste power plants.
  • •Absolute Clean Energy currently has 91 clean energy projects with a total installed capacity of 766.84 megawatts.
  • •Absolute Clean Energy is studying details to prepare for the Community-based Solar Power Generation Project 2026 bidding.
  • •TRIS Rating maintained the corporate credit rating of Absolute Clean Energy at "BBB+" with a "Stable" outlook on August 31, 2026.
  • •Absolute Clean Energy redeemed the 1/2023 Series 2 debentures totaling 155.40 million baht on October 19, 2026.

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Source: Prachachat (Original)

Key Quotes

Thanachai Bunditworaphum
"The performance of the third quarter of this year is still in line with the direction and planned work."
ผลการดำเนินงานไตรมาส 3 ของปีนี้ยังเป็นไปตามทิศทางและแผนงานที่วางไว้

Key Entities

Person

Thanachai Bunditworaphum(ธนะชัย บัณฑิตวรภูมิ)
Chief Executive Officer of Absolute Clean Energy Public Company Limited.

Organization

Absolute Clean Energy Public Company Limited(บริษัท แอ๊บโซลูท คลีน เอ็นเนอร์จี้ จำกัด (มหาชน))
A Thai clean energy business leader identified as ACE.
TRIS Rating(ทริสเรทติ้ง)
The entity that maintained the corporate credit rating of Absolute Clean Energy at BBB+.

Policy

Community-based Solar Power Generation Project 2026(โครงการโซลาร์ฟาร์มชุมชน (Community-based Solar Power Generation Project) พ.ศ. 2569)
An electricity procurement plan published in the Royal Gazette for which Absolute Clean Energy is studying bidding details.