{"id":107,"date":"2025-04-09T04:49:56","date_gmt":"2025-04-08T22:49:56","guid":{"rendered":"https:\/\/thebangkokjournal.co.th\/?p=107"},"modified":"2025-04-11T06:06:12","modified_gmt":"2025-04-11T00:06:12","slug":"egco-group-boosts-its-renewable","status":"publish","type":"post","link":"https:\/\/thebangkokjournal.co.th\/index.php\/egco-group-boosts-its-renewable\/the-bangkok-journal-editorial-staff\/","title":{"rendered":"EGCO Group boosts its renewables fleet with acquisition of 251 MW wind and solar farms in the US"},"content":{"rendered":"\n<p><mark class=\"has-inline-color has-vivid-red-color\">Electricity Generating Plc or EGCO Group has continually expanded its renewables fleet in the United States with the successful acquisition of a 49% ownership interest in \u201cPinnacle II Portfolio\u201d, a portfolio of two renewable energy projects with a combined capacity of 251 MW.<\/mark><\/p>\n\n\n\n<p>This acquisition has further strengthened EGCO Group\u2019s presence in the US power market and aligned with the company\u2019s \u201cTriple P\u201d strategy, with a particular focus on investments in natural gas-fired and renewable energy projects to create long-term growth and to support the energy transition towards cleaner energy.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"548\" src=\"https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-project-egco.jpg\" alt=\"EGCO Group Renewable energy\" class=\"wp-image-112\" srcset=\"https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-project-egco.jpg 960w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-project-egco-300x171.jpg 300w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-project-egco-768x438.jpg 768w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-project-egco-736x420.jpg 736w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-project-egco-150x86.jpg 150w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-project-egco-696x397.jpg 696w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-project-egco-600x343.jpg 600w\" sizes=\"auto, (max-width: 960px) 100vw, 960px\" \/><\/figure>\n\n\n\n<p>Jiraporn Sirikum, president of EGCO Group, said EGCO Pinnacle II, LLC, a wholly owned subsidiary of EGCO in the US, entered into an equity capital contribution agreement with Apex Pinnacle II Member, LLC, an affiliate of Apex Clean Energy Holdings, LLC, on March 31, 2025 to acquire a 49% ownership interest in the 251 MW Pinnacle II Portfolio. The Pinnacle II Portfolio comprises Downeast Wind, LLC (Downeast), a 126 MW wind farm located in the state of Maine, and Wheatsborough Solar, LLC (Wheatsborough), a 125 MW solar facility located in the state of Ohio.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><mark class=\"has-inline-color has-vivid-purple-color\">EGCO secured long-term power<\/mark><\/strong><\/h2>\n\n\n\n<p>Downeast and Wheatsborough have secured long-term power and environmental attribute offtake arrangements with a diverse group of investment-grade offtakers. The Downeast is expected to generate enough clean energy to supply for more than 37,000 households per year as well as respond to Maine\u2019s energy goal of achieving 80% of its energy from renewable sources by 2030.<\/p>\n\n\n\n<p>Wheatsborough is expected to generate enough energy to supply for up to 21,000 households per year and help address the limitations of existing high-voltage power lines that require new infrastructure. Both projects are presently in the final stages of construction. The 49% ownership interest in each project will be transferred to EGCO when it completes commercial operation date.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-1024x577.jpg\" alt=\"Renewable energy solar egco\" class=\"wp-image-111\" srcset=\"https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-1024x577.jpg 1024w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-300x169.jpg 300w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-768x433.jpg 768w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-1536x866.jpg 1536w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-2048x1154.jpg 2048w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-745x420.jpg 745w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-150x85.jpg 150w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-696x392.jpg 696w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-1068x602.jpg 1068w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-1920x1082.jpg 1920w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/solar-egco-600x338.jpg 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><mark class=\"has-inline-color has-vivid-purple-color\">EGCO Group\u2019s continued expansion in US<\/mark><\/strong><\/h2>\n\n\n\n<p>The investment in the Pinnacle II Portfolio will be accretive and support the continued balanced expansion of EGCO Group\u2019s position in the US power market. Additionally, the acquisition aligns with EGCO Group\u2019s \u201cTriple P\u201d strategy, which focuses on continuously growing revenue and profit generation capabilities and prioritizing investments in natural gas-fired and renewable energy projects to create long-term growth.<\/p>\n\n\n\n<p>The new renewable energy megawatts will also help EGCO Group to reach its short-term goal of increasing renewables capacity up to 30% of total power capacity by 2030.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"615\" src=\"https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-1024x615.jpg\" alt=\"Renewable energy Exgco\" class=\"wp-image-110\" srcset=\"https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-1024x615.jpg 1024w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-300x180.jpg 300w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-768x461.jpg 768w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-1536x922.jpg 1536w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-2048x1229.jpg 2048w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-700x420.jpg 700w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-150x90.jpg 150w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-696x418.jpg 696w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-1068x641.jpg 1068w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-1920x1152.jpg 1920w, https:\/\/thebangkokjournal.co.th\/wp-content\/uploads\/2025\/04\/wind-power-600x360.jpg 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>\u201cAlthough Thailand is currently significantly affected by the US reciprocal tariffs, EGCO Group has strong strategic partners in the United States who are ready to collaborate and invest in potential projects there. This reinforces that EGCO Group still has growth opportunities in the US power market\u201d, added Dr. Jiraporn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electricity Generating Plc or EGCO Group has continually expanded its renewables fleet in the United States with the successful acquisition of a 49% ownership interest in \u201cPinnacle II Portfolio\u201d, a portfolio of two renewable energy projects with a combined capacity of 251 MW.<\/p>\n","protected":false},"author":3,"featured_media":108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[29],"tags":[],"class_list":{"0":"post-107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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