Thai Solar Energy PCL moves forward with 2026 expansion, developing 229 MW "Solar Big Lot" projects.
- wratchayar
- Mar 19
- 2 min read
Thai Solar Energy PCL (TSE) Gears Up for 2026 Expansion with 229 MW Solar Big Lot Projects Following a strong performance in 2025, reporting a 109% surge in net profit to 43 million Baht. The Company Sets Sights on 100–200 MW in New Power Plant Auctions while driving a New S-Curve through Healthcare and Waste-to-Energy Ventures, Boosting Total Capacity to Over 311 MW for Sustainable Growth.
March 19, 2026 – Dr. Cathleen Maleenont, Chief Executive Officer of Thai Solar Energy Public Company Limited (TSE), announced the company’s strategic business direction for 2026, highlighting its full readiness to develop 28 “Solar Big Lot” projects with a combined capacity of 229.06 megawatts. These projects have already secured power purchase agreements (PPAs) with government agencies.
As of the end of 2025, TSE’s total committed generating capacity reached 310.86 MW, comprising 24 projects currently in commercial operation (COD) with a total capacity of 73.80 MW, alongside multiple projects under active development.
Reviewing its 2025 performance, TSE reported outstanding financial results, achieving a net profit of 43 million baht—an increase of 109% year-on-year—and EBITDA of 544 million baht, representing a 33% annual growth. This performance was primarily driven by improved operational efficiency across its solar and biomass power plant portfolio. In addition, the company benefited from a full year of revenue recognition from its healthcare business, Bangkok IVF Clinic (BIC), which serves as a key “New S-Curve” for growth, together with effective management of financial and administrative expenses.
Looking ahead, TSE continues to actively pursue opportunities to expand its renewable energy portfolio. The company is preparing to participate in bids for community solar farms and other government-sponsored projects, targeting an additional 100–200 MW of installed capacity. Furthermore, TSE is advancing its 8 MW municipal waste-to-energy (WCA) project in Uttaradit Province, which operates under a 25-year concession agreement.
These strategic initiatives underscore TSE’s strong financial position and reinforce its diversification strategy, aimed at delivering stable and sustainable long-term returns for shareholders.
Comments