ACE Studies 2026 Community Solar Farm Auction After State Opens Power Purchase Criteria

Cloud Consultant (1981) Co., Ltd. has announced the official expansion of its business into the solar energy market through the signing of a memorandum of understanding with Terawatt Energy Co., Ltd., with Sigenergy providing technology support to deliver smart energy solutions for households and businesses in Thailand. Under this partnership, Cloud Consultant will handle marketing and digital channels, while Terawatt Energy will oversee system design, delivery of Sigenergy products, as well as technical, engineering, and after-sales services. Sigenergy will provide smart energy and artificial intelligence, or AI, technology to help manage energy. Mr. Chupong Anantasitthichok, Chief Executive Officer of Cloud Consultant (1981) Co., Ltd., said that entering the energy business this time extends the company's expertise in e-commerce, marketing, and digital into smart energy solutions. Mr. Chawanan Thongpha, Executive Director of Terawatt Energy Co., Ltd., said the company is ready to support the delivery of Sigenergy products and its technical and engineering expertise, from system design through after-sales service. Meanwhile, Mr. Thanakrit Chotiphet, Managing Director for Thailand at Sigenergy, stated that this partnership is an important step in expanding the clean energy market in Thailand, with the approach starting from customers' needs and energy usage patterns in order to design systems and select appropriate technology for both residential homes and business establishments.

MASTEC Link Public Company Limited, or MASTEC, has set a target backlog of approximately 500–600 million baht by the end of 2026, drawn from its three core business groups: air-conditioning and sanitation system products, fire prevention and safety products, and energy-conservation and environmental innovation products. Chief Executive Officer Dusadee Meechai stated that this target does not yet include work that may be secured from community solar and residential solar projects, and that it is a target as of the end of 2026, not the total of work already won or all revenue to be recognised within this year. On the clean energy side, the company is preparing to take part in bidding for community solar projects under a combined power purchase framework of no more than 1,500 megawatts, while also preparing to handle residential solar work under the government's target of up to 1.5 million households. It is laying out a plan to develop its management systems and installer team network to support expansion to the level of tens of thousands of households if it has the opportunity to join the programme under the prescribed criteria. The company places importance on assessing project readiness, partners, returns and risks before taking on obligations through the relevant approval process. The heart of handling a large volume of work is a digital platform that connects the entire process, from receiving customer data, site surveys, design, assigning installation teams, tracking progress, quality inspection and system handover, so that work across multiple areas can be managed from a central point, with costs, timelines and installation standards tracked systematically.

Ratchaphat Development Energy Public Company Limited, or SCG, announced that its board of directors, at its 6/2569 meeting held on 8 October 2569, approved the establishment of a new subsidiary through Sahacogen Green Company Limited, an existing subsidiary, with an indirect shareholding of 99.99%. The new subsidiary has registered capital of 1 million baht, with a par value of 10 baht per share. The establishment aims to enhance competitiveness and support the expansion of its solar power plant business, with three directors representing the company out of a total of three directors. The company is expected to complete the registration of the new subsidiary within the fourth quarter of 2569.

Jinguan Electric announced that its wholly owned subsidiary Jinguan Solar-Storage-Charging has signed an EPC general contracting framework agreement with SPIRO, with a total contract value not exceeding 296 million US dollars including tax, covering 50 grid-connected or off-grid integrated solar-storage-charging station projects in Africa. The company stated that this amount is an estimate based on standard station benchmark prices and planned quantities, and is not the final determined total price; actual execution will be subject to the specific EPC execution agreements subsequently signed by both parties. It is expected that only some batches of stations will be completed and delivered within this year, and contract revenue will be recognized in stages, with a relatively limited impact on the company's operating performance for 2026.

Cheche Group Inc. has announced a proposed strategic investment in Long Way Fortune, the residential solar-plus-storage business associated with the EnergyLIB brand, a move EnergyLIB says marks the start of its next growth phase. The parties have entered into a non-binding term sheet, and Cheche Group said the transaction, if completed, would represent an important step in its expansion into the global residential energy market. EnergyLIB, which is based in Australia, said it is preparing for broader international expansion while extending its capabilities from home energy hardware toward intelligent home energy management. The company said intelligent home energy management will be a key strategic priority for its next stage, working toward an integrated system in which batteries, inverters, software and energy-management capabilities operate together. EnergyLIB said the direction is consistent with Cheche Group's stated plan to expand into residential energy as part of its broader Green Mobility plus Green Energy strategy, though it cautioned there can be no assurance that definitive agreements will be executed or that the proposed transaction will be completed on the proposed terms, within the anticipated timeframe, or at all.