TCP enters clean energy market with solar focus

Thansettakij•Economy•1d ago

Reader Briefing

TCP is exploring investments in the solar energy market as part of its energy transition strategy and Well-being Economy concept.

•TCP is targeting solar and solar farm investments to control energy costs and leverage carbon credits.
•The move aligns with the government's energy transition policy and one of TCP's six investment pillars.
•Chanjira Panitpol stated that TCP acts as an investor to promote market growth rather than competing as a market player.
•TCP's investment framework is based on the concept of The Well-being Economy : A New Role for Business Beyond Sustainability.

Overview

•TCP is pursuing clean energy investments to align with the government's energy transition policy.
•TCP has held discussions with several companies operating in the solar business sector.
•Chanjira Panitpol views the domestic solar market as being in a growth phase characterized by step-like growth.
•TCP is carefully considering which businesses are truly suitable for the company's specific needs.
•TCP intends to enter the solar market as an investor to help the market grow larger and more robust.
•Chanjira Panitpol requires business partners to demonstrate how their business benefits society and the environment beyond financial growth.
•TCP's investment direction is guided by the Six Investment Pillars under the Well-being Economy concept.
•TCP believes business growth should consider long-term value for people, society, and the environment instead of only financial returns.

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Key Quotes

Chanjira Panitpol

"The company has strengths in its existing business foundation, international network, and long-term capital; partners joining the business must share a aligned vision and fit within the company's six investment pillars."

บริษัทมีจุดแข็งทั้งเรื่องของรากฐานทางธุรกิจเดิม โครงข่ายต่างประเทศ และเงินทุนในระยะยาว โดยพันธมิตรที่จะร่วมธุรกิจกับบริษัทจะต้องมีวิสัยทัศน์ที่ตรงกัน และอยู่ใน 6 เสาหลักของแผนการลงทุนของบริษัท

Key Entities

Organization

TCP

A company investing in clean energy and solar farms under a Well-being Economy framework.

Person

Chanjira Panitpol(จรรย์จิรา พนิตพล)

The Highest Director of the Thailand Central Office of TCP.

Place

Thailand(ประเทศไทย)ℹ️

The location of the TCP Central Office.