Tag: bcpg

29
Dec

BCPG Renewable Energy and the Blockchain

A SET-listed renewable power arm of oil refiner and retailer Bangchak Corporation Plc (BCP), is employing the blockchain to trade and supply Thailand with electricity, says the president and chief executive of BCPG Bundit Sapianchai.

BCPG recently signed an agreement in Bangkok with Perth-based Power Ledger to bring person-to-person renewable energy trading to Thailand and Southeast Asia.

Mr Bundit and Mr Martin signed an agreement with Power Ledger to jointly develop solar power and micro grid systems.

Mr Bundit and Mr Martin signed an agreement with Power Ledger to jointly develop solar power and micro grid systems.

Mr Bundit said BCPG plans to set up the first micro-grid in Bangkok, which will be the first in Southeast Asia to be used by the leading property developer, Sansiri Plc, for its T77 project.

The T77 project will span 80 rai. The first project with a distributed power grid is expected to start operations by mid-2018.

“The Power Ledger energy-trading platform allows building managers to trade renewable energy from solar panels installed at each building with autonomous financial settlement enabled via the use of a secure banking interface,” said Mr Bundit.

If you’re interested in Blockchain technology and how the renewable energy industry is moving forward with it, clock here to read the full article on the Bangkok Post website.
Here at EyeKandi-Solar would love to hear from you and what your thoughts are on the blockchain and paying for your energy this way.

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08
Sep

Thai renewables company BCPG looks homeward for $1 billion spending budget

BCPG logo

Bangchak Corporation Public Company $1 billion renewable energy investment

BCPG, the renewable energy off-spring of Thailand’s Bangchak Corporation plans to invest $1 billion throughout the next 5 years with 40 percent of that planned for domestic power projects after many years of spending money overseas.

In order to achieve its target of owning 1,000 megawatts (MW) of renewable generation capacity by 2020, BCPG will have to posses an additional 400 MW of capacity.

Thai renewables company BCPG looks homeward for $1 billion spending budget

Thai renewables company BCPG looks homeward for $1 billion spending budget

BCPG is planning to build 150 MW of the new 400 MW capacity in Thailand, focusing on biomass and rooftop solar power investments. The remaining capacity would probably be an investment in wind power projects around Thailand.

BCPG plans to use the rooftop solar projects as a way to bring the micro-grid concept to Thailand. The photovoltaic panels on residential and industrial properties will produce renewable electricity that will then be sold back to nearby consumers connected to the local grid.

Learn more from the following interview, “Thai renewables company BCPG looks homeward for $1 billion spending budget”.