Thai Solar Energy Public Company Limited (TSE), Thailand has announced the sale of its 60% stake in Thai Solar Renewable Co., Ltd. (TSR) to Levanta Renewables (Thailand) Company Limited. Global Power Synergy Public Company Limited (GPSC) has also decided to sell its 40% stake in TSR, consisting of 23,333,335 shares, to Levanta under the Tag-Along Right with TSE.
Once the transaction is finalized, TSR will no longer be a joint venture of GPSC. The completion of the sale is expected by the second quarter of the year, subject to regulatory approvals and the fulfillment of all conditions.
Thailand has been increasing its focus on renewable energy, with solar power playing a major role in the country’s energy transition. In addition to larger projects, smaller renewable energy initiatives are also underway across the country.
One of these projects is the development of floating solar panels on irrigation canals in rural areas. These solar panels generate electricity while helping to reduce water evaporation. Another initiative involves installing solar-powered charging stations for electric tuk-tuks, aiming to support the shift toward cleaner transportation in urban areas.
In some remote villages, hybrid solar-diesel microgrids are being introduced to provide electricity where grid access is limited. Additionally, Thailand is testing small-scale wind energy projects in coastal regions to supplement the power supply for fishing communities.
Waste-to-energy projects are also expanding. Some communities are using biogas from organic waste to generate electricity for local use. There are also efforts to install rooftop solar panels on public schools and government buildings to reduce dependence on the national grid.
