EGCO Group Successfully Signs PPAs for All 11 Solar Farm Projects, Securing 448.10 MW Total Contracted Capacity

Secures long-term revenue stability for 25 years with construction scheduled to commence in 2027, sustainably driving the organization towards its Net Zero goal

Electricity Generating Public Company Limited or EGCO Group reached a major clean energy milestone with the successful execution of 25-year Power Purchase Agreements (PPAs) for all 11 ground-mounted solar power projects under RE Big Lot Phase 2 program. The projects represent a total contracted capacity of 448.10 megawatts (MW) and are developed through EGCO Group’s subsidiaries and joint ventures across five strategic provinces including Ratchaburi, Suphanburi, Kanchanaburi, Rayong, and Songkhla.

The solar portfolio comprises 10 Small Power Producer (SPP) projects selling electricity to the Electricity Generating Authority of Thailand (EGAT) and 1 Very Small Power Producer (VSPP) project selling to the Provincial Electricity Authority (PEA). All projects secure a fixed Feed-in Tariff (FiT) rate over the 25-year term at THB 2.1579 per kWh, with a special rate of THB 2.6579 per kWh allocated for the projects in Songkhla province. Construction is targeted to begin in 2027, with commercial operations scheduled to commence sequentially between 2028 and 2030, reinforcing the company’s cash flow stability and delivering long-term returns to investors.

Mr. Tawatchai Sumranwanich, President of EGCO Group, said, “The successful signing of the PPAs for all 11 solar power projects marks another significant milestone reflecting EGCO Group’s capability to proactively execute our clean energy expansion strategy. Securing 25-year off-take contracts with EGAT and PEA not only guarantees revenue stability and predictable cash flow for the company but also serves as a foundation to create sustainable value and returns for our shareholders.”

“In addition to developing these 11 projects to achieve commercial operation as scheduled between 2028 and 2030, EGCO Group is fully prepared to capitalize on emerging opportunities in Thailand’s renewable energy market. This includes participating in upcoming auctions under new Power Development Plan (PDP 2026) and expanding collaboration under Direct PPA scheme to supply stable and clean electricity to industrial sectors, while driving the nation toward its Carbon Neutrality and Net Zero emissions goals,” Mr. Tawatchai added.

Key Investment Highlights: Revenue Stability and Portfolio Strength

• Low-risk revenue streams (Investment-grade offtakers): Long-term 25-year contracts with EGAT and PEA ensuring maximum financial stability.
• Attractive returns via special FiT rates: Locked-in fixed tariffs over the contract term, highlighted by a premium rate of THB 2.6579 per kWh for the Songkhla province projects.
• Positioned for the next s-curve: Capitalizing on surging green power demand driven by industrial sector expansion and data centers.

About EGCO Group

As of 11 November 2026, EGCO Group has a total equity contract capacity of 6,928 MWe (comprising both operating assets and projects under construction, prior to accounting for the additional stake in Linden Cogen), with renewable energy accounting for 1,785 MWe (representing 26% of the total capacity) across biomass, hydropower, solar, onshore and offshore wind, fuel cells, and battery energy storage systems. Beyond the power business, EGCO Group operates energy-related businesses covering fuel and utilities infrastructure, customer solutions, and startup businesses. Its power and energy-related investments span 7 countries: Thailand, Lao PDR, the Philippines, Indonesia, South Korea, Taiwan, and the United States. EGCO Group has been selected for the global Dow Jones Best-in-Class Indices (DJ BIC) 2026 in the Electric Utilities category for the Emerging Markets Index, achieving the highest score in its peer group. It has also been included in the Dow Jones Sustainability Index (DJSI) for five consecutive years.