Thai Solar Energy Public Company Limited

2018

Asia’s Best Performing Companies

Thai Solar Energy Public Company Limited

Asia’s Best Performing Companies

2018

Thai Solar Energy Public Company Limited (TSE)

Bright days ahead

Green energy brings rays of fiscal rewards.

Thai Solar Energy Public Company Limited (TSE) was established in 2008 in Bangkok, Thailand. TSE is the first company in Southeast Asia to effectively apply an advanced technology to utilise the sun’s radiation and convert it into green energy. TSE started off by building and operating solar farms and solar rooftops in Thailand. Since 2013, TSE has invested and operated solar farms in Japan. TSE also branched out to biomass projects in Thailand since 2016. TSE sells energy outputs to public entities in Thailand, namely Metropolitan Electricity Authority (MEA) Provincial Electricity Authority (PEA) , and to public utilities in Japan.
TSE’s vision statement is to become a world-class regional leader in providing renewable energy through reliable technologies to serve both commercial and social societies. Its mission statement is to establish a solid footprint in Thailand in the solar power industry and expand into other renewable energies as well as developing an international solar power business focusing in Asia and the Oceania regions.

Out of the many company milestones in its ten years of existence, several stand out. One of them is how TSE started relatively small to become a company with 11 solar plants, totaling 85 MW, from 2011 to 2014. TSE also succeeded in securing a loan to finance a USD200 million solar farm project from Bangkok Bank Public Company Limited, a leading financial institution in Thailand. Besides that, TSE succeeded in bringing in a company like Global Power Synergy (GPSC) as a strategic partner of the company in 2013. GPSC is the electricity and utility flagship of the PTT Public Company Limited, a Thai state-owned oil and gas company listed on the Stock Exchange of Thailand (SET). TSE itself was listed on the SET in late 2014 with a market capitalisation of over USD200 million. Lastly, in Japan, the company has secured over 200 MW solar energy in 2017 only after four years of entering into the Japan market.
TSE’s outlook is to increase megawatts of renewable energy output both domestic and overseas projects. Meanwhile, TSE is looking for opportunities to incorporate new technology to increase the efficiency of the power plants by not over-investing and/or being too early in adopting the technology. Furthermore, TSE aims to enhance its capability for sustainably generating revenues which will also generate a healthy return to its stakeholders.

TSE values its employees and counts the ability to grow its employees together with the company as one of its strengths. Investing in its employees, TSE offers learning and development programme covering engineering, accounting, and finance, etc. Most importantly, TSE believes that its projects serve as a vital foundation for a sustainable future. TSE assumes the responsibility as a corporate citizen to contribute back to the environment. TSE is continually pursuing its goals of pushing the technological envelope for clean renewable energy, and harnessing it for the benefit of the communities.

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