BCPG successfully closes exit deal of its total portfolio in Japan worth over 10 billion baht with Danish renewable energy player, expecting to immediately gain profit in Q2/2024
BCPG Plc successfully divested its total solar power projects in Japan worth over 10 billion baht. The proceed realize from the divestment will be reinvest in other renewable projects to enhance the Company’s rapid expansion.
According to Niwat Adirek, president and CEO of BCPG, on June 26, 2024, the company successfully achieved a share purchase transaction valuing 10.37 billion baht with Obton,
a large Danish renewable energy company, to divest all BCPG’s nine solar power plants and investments in Japan.
BCPG’s strategy to new high-value renewable assets
The portfolio’s sales transaction, when compared with the book value, brought about a surplus of more than 2.3 billion baht,
which will be recognize within Q2/2024. The divestment of solar power plants in Japan is in line with BCPG’s strategy to “recycle” the capital into new high-value renewable assets,
speeding up the company’s growth.
BCPG’s portfolio in Japan consists of nine solar power plants,
with a total production capacity of 117 MW, and the Asset Management and Operation and Maintenance company.
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