Absolute Clean Energy Public Company Limited (ACE) has secured Power Purchase Agreements (PPAs) from the Provincial Electricity Authority (PEA) for 15 ground-mounted solar energy projects in Thailand. The projects have a combined capacity of 92.73 MW and are expected to commence commercial operations between 2024 and 2025.
Meanwhile, ACE is yet to sign PPAs for three other projects, with a total capacity of 20 MW. These are expected to start commercial operations in 2027.
Once all 18 solar projects are operational, they are expected to generate THB665 million in revenue annually.