Aterio Flags Delay Risk for Oracle's 1.3 GW Wisconsin Data Center

Yuanta Securities revealed that BKV, in which BANPU holds roughly 63%, has announced a contract to procure power generation equipment for a natural gas power plant worth $800 million, with deliveries to be phased in starting September 2028 to support 1.2 GW of generating capacity in the state of Texas. There are currently no official details regarding the power sales contract, project investment, COD schedule, shareholding structure, or funding sources, but it marks good progress in expanding the gas power plant business in the United States, with negotiations for a power sales contract with a Hyperscaler customer expected to become officially clear by March 2027. The 1.2 GW of capacity represents about 80% of the Temple I&II power plants, which have a combined capacity of 1.5 GW, comprising Temple I at 752 MW and Temple II at 747 MW. This project is an upside that analysts and the market have not yet factored into estimates. Preliminary assessment suggests the new project would be an upside to 2028–2029 profit estimates of about 4–6% and would add roughly 0.8–1.4 baht per share to the target price. The equipment procurement contract also includes a Backstop Agreement under which, if the power sales contract negotiations do not materialize, the Hyperscaler will compensate 90% of the value BKV pays for equipment under the contract, which is valid until March 31, 2027, helping to close downside risk if the deal between BKV and the Hyperscaler does not happen. Yuanta Securities maintains its Buy recommendation with a fair value of 19.00 baht, citing a positive view on the coal and natural gas business, growing profit momentum in 2027, and a valuation that is still not expensive.

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.

Wuhan Tianyuan announced that its wholly-owned grandchild company Wuhan Tianyuan Shuzhi Engineering Co., Ltd., in a consortium with Ningxia Luyu Integrated Energy Services Co., Ltd., recently signed the 'Ningxia Xiangteng Ningdong Town Jianghan Energy Storage Station Phase II Project Equipment Plus Installation Integrated Project Contract' with Ningxia Xiangteng No. 5 Power Technology Co., Ltd. The contract price is a fixed lump sum of 195 million yuan including tax.

Far East Smarter Energy announced that in September 2026, its subsidiaries received contract orders of over 10 million yuan each, totaling 1.412 billion yuan. Of this, contracts with national and local power grids amounted to 231 million yuan, and contracts with other strategic customers amounted to 1.181 billion yuan. The company said these contracts will have a positive impact on future operating performance.