Thai energy giant lines up US$200 Million for United States renewable push

BANGKOK, Dec 18 (Bloomberg): Banpu Power Pcl, a Thai power producer, is doubling down on its US-led growth strategy by pledging to invest at least US$200 million in renewable energy projects to add to its existing shale gas and electricity portfolios.

Banpu Power, the electricity generation unit of Banpu Pcl, plans to build solar and wind projects totaling about 400 megawatts capacity in Texas next year, according to Chief Executive Officer Kirana Limpaphayom.

By 2025, the Texas facilities may account for 50% of Banpu’s global renewable portfolio, which also includes plants in Australia, China and Japan, he said.