BCPG: energy for everyone


BCPG Public Company (BCPG) started as the green power business unit of Thailand’s Bangchak Corporation (BCP). In less than two years, BCPG Group – the green energy producer – has already doubled in value following its initial public offering in 2016. Today, the business has investments in solar, wind and geothermal power businesses. Thanks to its strategic growth plan, BCPG is on track to generate 1,000 megawatts (MW) of power from solar, wind and geothermal sources by 2020. With a diversified portfolio and keen technological know-how to accommodate changing energy trends, BCPG has successfully evolved into an energy aggregator that manages and develops renewable power of all types.

The flagship for the green power business of Bangchak Corporation one of Thailand’s leading energy companies, BCPG is the sole proprietor operating purely in the renewable energy business sector of Thailand. BCPG now has operations in the solar business in Thailand and Japan, and invests in wind power business in the Philippines and geothermal power business in Indonesia.

History and geographic reach

BCPG was established on 17 July 2015 with a registered capital of THB10bn ($366,000) to operate clean and environmentally friendly renewable power businesses, with BCP holding the total shares. BCPG’s business started with the transfer from BCP of solar power plant assets in five provinces in Thailand (accumulative installed capacity of 170 MW), as a result of the restructuring of BCP’s renewable energy business group. BCPG was later awarded with the rights to develop projects under the Solar Power Plants for Governmental Agency and Agricultural Cooperatives Program in 2016 and 2017, with a capacity of 21 MW. Currently in Thailand, BCPG operates solar power plants with a total installed capacity of 191 MW.

Elsewhere in Asia, in 2016, BCPG entered the solar power business in Japan by acquiring solar power plants with a total installed capacity of approximately 200 MW. 2017 saw BCPG actively pursuing business expansion with investments in wind power business in the Philippines and geothermal power business in Indonesia. 

In the Philippines, BCPG has a 40% stake in the Nabas Wind Farm Project, operated by Petro Wind Energy Incorporation (PWEI), with 14 MW production capacity in operation and 6 MW production capacity under development held by BCPG.

In Indonesia, BCPG holds indirect equity in three geothermal power projects with an equivalent total power production capacity of 182 MW; 20% in the 347 MW Wayang Windu Power Plant (127 MW already in operation), 17.3% in Salak Power Plant with a total production capacity of 377 MW equivalent of electricity and steam, and another 17.3% in Darajat Power Plant, with a total production capacity of 271 MW equivalent of electricity and steam. 

Smarter energy

As of the end of 2017, BCPG has secured a total installed capacity of 585 MW from renewable power plants in four countries in Asia Pacific and is constantly growing.

While the company will continue to grow its base through traditional wholesale businesses (whereby electricity generated from renewable power plants is sold to national or local power authorities), BCPG is embracing the digital world and driving an energy revolution in Thailand. It is achieving this by building a system that will enable households to buy and sell solar power to one another using solar-powered microgrids.

The first such project in Thailand sees BCPG working with the country’s top real estate company Sansiri to develop microgrid community projects, which will allow general consumers to play a part in their renewable energy future. Partnering with Power Ledger, a leading peer-to-peer marketplace for renewable energy from Australia, BCPG is using blockchain technology to introduce energy trading and management in Thailand, the first in Southeast Asia. The system will allow peer-to-peer sharing of electricity between residents, with the option to sell excess electricity back into the system. To tap into the potential of peer-to-peer energy sharing, homes and businesses will require advanced meters to track energy use, which will be linked to blockchain technology to help buy, sell and trade excess energy. 

Wayang Windu geothermal power plant in Indonesia, where BCPG holds indirect equity in three geothermal power projects

Through blockchain technology, a decentralised ledger is created online that autonomously and securely facilitates and records transactions. It helps to cut out the middleman and creates trust between consumers and producers in the network. This will help consumers who become prosumers to securely and confidently buy energy from the community. The autonomous nature of the trading platform means it’s simple and low-cost, and bringing it together with on-site generating capacity means energy can be low cost and low carbon.

The peer-to-peer solar trading concept has been well received in many countries as a potential way of reducing the pollution generated through traditional methods of energy production. While small-scale producers will be able to generate extra revenue, the larger system will gain a new source of environmentally friendly energy. Therefore, the government will no longer have to build large-scale power plants. Instead, they can connect individual, domestic solar panels to achieve power generation for the country.

BCPG is developing a “smart community” where people can live in harmony with the environment. They can generate their own electricity, of which the surplus can be traded with the help of cutting-edge technology that also enables an energy management service to be provided. With an Internet of Energy, BCPG is transforming the energy industry by making renewable energy accessible and affordable for all under the concept “Energy for Everyone”.

As a sustainable growth company, BCPG is striving to create a sustainable future for all, enabled by renewable energy, smart technology and a commitment to innovation. 

Further information