Egco has bolstered its commitment to renewable energy by acquiring a 49% stake in US clean power projects. This move accelerates the company’s ambition to have renewable energy assets represent 30% of its total assets within the next five years. Currently, renewables account for 22% of Egco’s portfolio, and the company aims to reach the 30% target by 2030. The acquisition, initiated in April and recently finalized, involves a partnership with Apex Pinnacle II Member LLC, securing a 49% share in its Pinnacle II Portfolio. Apex Pinnacle II Member is associated with Apex Clean Energy Holdings LLC. Jiraporn Sirikum, president of Egco, highlighted that this investment will contribute to a strategic and balanced expansion of Egco Group’s footprint in the US power sector. The Pinnacle II Portfolio includes the 126-megawatt Downeast Wind wind farm in Maine, which operates within the ISO New England (ISO-NE) power market, and the 125-megawatt Wheatsborough Solar farm, currently under construction in Ohio. Downeast Wind is capable of powering over 37,000 households annually and supports Maine’s goal of obtaining 80% of its energy from renewable sources by 2030. Wheatsborough Solar is designed to provide power to approximately 21,000 households each year. This investment aligns with Egco’s “Triple P” strategy – prioritizing profitability, power-related business growth, and effective portfolio and people management. With the addition of the wind farm, Egco’s total electricity generation capacity, reflecting its shareholdings, now stands at 6,653MW, encompassing facilities both operational and in development.