BCPG Public Company Limited and Power Ledger plan to introduce peer-to-peer (P2P) renewable energy trading in Thailand, with a focus on solar energy. The P2P renewable energy grid is expected to supplement the existing power plants in the country. The proposed plan will help in reducing costs, decrease carbon emissions and will be more resilient against severe weather conditions, unlike the current electricity production plants. The companies plan to commence this project in Bangkok by installing solar panels in six to ten multi-storey buildings ranging from housing units, schools, hospitals, and malls among others.
The P2P renewable energy project will be profitable in two key aspects. Firstly, it will ease the government’s financial burden of building more power plants. Secondly, participants will be able to trade embedded solar energy between 1 MW and 2 MW through Power Ledger’s energy trading platform. BCPG has been entrusted with the responsibility of selecting the ideal Thai bank that will provide autonomous financial settlement for these transactions.