Major Thai energy firms have divested their power plant assets to divert money to clean energy.
Industry analysts say while the asset sales by Electricity Generating Plc (Egco), Banpu Power Plc and BCPG Plc, the power generation arm of Bangchak Corporation, may superficially resemble a withdrawal of Thai capital from Western markets, each transaction is underpinned by distinct strategic, corporate and legal motivations aimed at optimising portfolios for a low-carbon future or higher renewable exposure.
