EGCO Group, a subsidiary of the Electricity Generating Authority of Thailand (EGAT) will invest THB30 billion in 2024 to boost its renewable energy (RE) portfolio by 1,000 MW. The company is focusing on biomass, solar, hydro, wind, and energy storage projects, with a goal to raise RE’s share from 21 per cent to 30 per cent by 2030. The Yunlin Wind Farm in Taiwan, with a 640 MW capacity, is set to become fully operational in 2025 after delays due to the pandemic and financial restructuring. EGCO is also expanding investments in Laos, the Philippines, Indonesia, Taiwan, South Korea, Australia, and the U.S.
In line with its carbon neutrality goals, EGCO is advancing hydrogen energy research. In February 2025, the company signed a memorandum of understanding (MoU) with Bangkok Industrial Gas and Thailand Post to assess hydrogen’s role in logistics.