Osaka Gas Singapore, a wholly-owned subsidiary of Osaka Gas, announced on July 3, 2019, that it and Energy Pro Corporation, a solar power company in Thailand, had agreed to jointly establish OE Solar in Thailand. OE Solar will supply the electricity generated from solar energy to commercial and industrial customers in Thailand. OE Solar will install photovoltaic facilities on building roofs or grounds surfaces owned by its customers to produce electricity for a 15-to-20-year supply.

Daigas Group, which owns Osaka Gas, has expressed its intention to explore overseas energy business opportunities in “Going Forward Beyond Borders 2030”, its long-term management vision and medium-term plan. Daigas Group is targeting the Southeast Asian market and intends to increase its investment in the region. In accordance with Daigas Group’s goal to secure at least 1 GW of renewable energy by about 2030, the establishment of OE Solar will be Osaka Gas’s first involvement in a renewable energy generation project in Southeast Asia.

Thailand expects in its Power Development Plan 2018 that renewable energy will account for 20% (excluding hydropower imports) of all power sources in the nation in 2037. This is why renewable energy is attracting increasing attention in Thailand.[1]