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EA deputy chief executive Amorn Sapthaweekul said SET-listed renewable power developer Energy Absolute Plc (EA) aims to increase its number of electric vehicle (EV) charging outlets to 1,000 nationwide by the end of this year.
The company operates 400 of the 817 charging stations in Thailand. Others were developed by PTT Oil and Retail, the Electricity Generating Authority of Thailand, the Metropolitan Electricity Authority, the Provincial Electricity Authority and charger suppliers.
Mr Amorn said EA wants to have more EV charging outlets to serve growing demand for EVs in the future after major car companies roll out EVs and state-run Bangkok Mass Transit Authority announced it wants to switch from oil-powered buses to electric buses.
Thai renewable energy company Energy Absolute Plc (EA) said it plans to expand its domestic electric vehicle (EV) recharging network to 1,000 outlets by the end of this year, according to local reports citing the company s deputy chief executive Amorn Sapthaweekul.
Mr Amorn said his company, which is listed on the SET Thai stock exchange, has received a loan worth THB1.5bn (US$502m) from the Asian Development Bank (ADB) to help fund the expansion of its recharging network as well as itssolar and wind power generation operations.
EA is the largest EV recharging operator in Thailand, accounting for 400 of the 817 stations currently in place in the country. The rest of the network is operated by a number of local companies and organisations, including PTT Oil and Retail, the country s national and regional electricity authorities and also by local charger manufacturers.
SET-listed renewable power developer Energy Absolute Plc (EA) aims to increase its number of electric vehicle (EV) charging outlets to 1,000 nationwide by the end of this year following a green loan grant from the Asian Development Bank (ADB), says EA deputy chief executive Amorn Sapthaweekul.
News Release | 11 February 2021
BANGKOK, THAILAND (11 February 2021) The Asian Development Bank (ADB) and Energy Absolute Public Company Limited (Energy Absolute) signed a 1.5 billion Thai baht ($47.62 million) green loan to finance ongoing renewable energy projects and a countrywide electric vehicle charging network in Thailand.
The loan will finance the Nakornsawan Solar and Hanuman Wind power plants, and deploy fast and standard chargers at charging stations across Thailand. Thailand aims to be a regional leader in electric vehicles to reduce greenhouse gas emissions from conventional transportation, which currently accounts for around 26% of the country’s total annual emissions.
“ADB aims to increase awareness of green financing by continuing to support Thailand’s renewable energy sector and investing in the electrification and decarbonization of its transport sector,” said ADB Private Sector Operations Department Infrastructure Finance Division Director for East