Bangkok, June 4, 2025 – In a strategic move that promises to illuminate Thailand’s renewable energy landscape, Wind Energy Holding Public Company Limited (WEH), a stalwart in the realm of wind power, has pulled back the curtain on its audacious 2025 business blueprint. As the winds of change gather force, WEH is setting its sails towards an exhilarating path of innovation and expansion, keenly focused on cultivating new green power plants that are set to redefine its electricity business portfolio.
Picture this: more than 2,000 megawatts of projects primed and ready to hitch a ride on forthcoming clean energy auctions. If you thought WEH was already riding high, brace yourself because its aim is to keep its annual revenue soaring above the impressive 10 billion baht mark for a remarkable sixth year in a row. Leading the charge into this renewable future is none other than Mr. Nuttpasint Chet-udomlap, the dynamic CEO of WEH. With a strategic gaze locked onto long-term growth, the company is harmonizing with Thailand’s visionary Power Development Plan 2024–2037, more affectionately known as PDP2024.
But what’s this ambitious plan all about? Well, it’s all about turning the dials on production capacity, cranking it up from a robust 1,016 megawatts to a staggering 2,000 megawatts by 2037. And that’s not all—accompanying this surge is a bold leap in annual revenue, aiming for an eye-widening 20 billion baht.
Currently, WEH is captaining eight wind power plants, boasting a muscular total installed capacity of 717 megawatts. The financial numbers are just as breezy, with annual revenue consistently topping 10 billion baht and net profits delightfully surpassing the 5 billion baht milestone for four years running. What’s more, annual net cash flow has a habit of gliding effortlessly past the 9 billion baht mark.
In the carnival of recent energy auctions, WEH secured the golden ticket to four freshly minted renewable projects, combining for a significant 299.1 megawatts. These budding endeavors are on the brink of flourishing into full-blown operations between 2027 and 2030, a timeline that’s bound to amp up WEH’s capacity to a neat 1,016.1 megawatts, with even more power on the horizon.
To steer this ambitious expansion, WEH has a financial ace up its sleeve: the forthcoming Series 1/2025 debentures. These will feature a suave 2-year 7-month tenure, set to mature in 2028. With a fixed interest rate dancing between an enticing [7.00–7.20]% per annum, and payments cheerfully rolling in quarterly, they’re designed to attract institutional and high-net-worth investors come June 17–19, 2025. These debentures will pave the way for WEH’s burgeoning blueprint, with proceeds channeling into new projects, strategic intercompany lending, debt juggling, and turbocharging short-term working capital.
As 2025 ushers in new opportunities, WEH has already reported a Q1 revenue of 3.03 billion baht with net profits chiming in at a hefty 1.62 billion baht. Financially, WEH stands as a paragon of stability with a debt-to-equity ratio that’s trimly nestled at 0.71, miles below the broader industry average of 1.4.
In the words of Mr. Nuttpasint, “Our stable revenue profile and operational resilience make WEH a consistent performer, capable of delivering solid returns to shareholders and debenture-holders alike.”
To help steer the financial ship, eight seasoned securities firms will serve as joint lead arrangers for the Series 1/2025 offering: Beyond Securities, DAO Securities, UOB Kay Hian Securities, Globlex Securities, Maybank Securities, Pi Securities, Trinity Securities, and Phillip Securities (Thailand).
So, as the clouds part and the sun shines through, the winds are truly with WEH, poised for a sustainable journey ahead, propelling Thailand to an electrifying greener future.
Finally, Thailand takes a step towards a greener future! It’s about time someone focused on renewable energy like WEH is doing.
While renewable energy is great, I’m skeptical about these projections. Can WEH really sustain 20 billion baht annually? Sounds too optimistic.
I believe in their ability. With consistent growth and smart investments, they seem to have a solid plan.
I’m with Tom here. The market can be volatile, especially in growth sectors. What if the auctions don’t go in their favor?
Has anyone noticed that these projects are taking way too long? By the time they’re operational, the technology might be outdated.
That’s a valid point! Advanced tech developments need quicker implementation to stay relevant in the rapidly evolving renewable sector.
Hey, good things take time, right? As long as they’re building capacity for the future, it’s worth the wait.
The 2,000 megawatts goal is impressive, but isn’t there a danger of oversaturating the market with more energy than needed?
Well, excess capacity might not be a bad thing. It can help stabilize the grid and reduce reliance on fossil fuels.
True, but it needs careful management to ensure it doesn’t lead to inefficiencies or unnecessary costs.
This is just corporate greenwashing! They’re probably doing this just for marketing and to attract investors.
Skepticism is natural, but dismissing corporate efforts outright won’t help. Look for progress.
Agreed. At least WEH is putting its money where its mouth is, unlike many others who just talk.
With a debt-to-equity ratio of 0.71, WEH definitely seems stable. But how long can they keep this up as they expand?
It all comes down to their management efficiency and external market conditions. Fingers crossed for them!
As someone passionate about renewable energy, this is music to my ears! Really hope this sets a precedent for other companies.
Yes, but smaller, decentralized projects should also be in focus. Not just big corporate initiatives.
I don’t trust these debenture investments. Sounds risky especially if the global economy takes a downturn.
Risk is part of the game, but a 7% return sounds tempting. It’s about balancing your portfolio.
True. I just hope people are making informed decisions and not just chasing yields blindly.
We all seriously need to back this, or say goodbye to a clean planet. Every little helps!
I’m excited about Nuttpasint Chet-udomlap. His background and energy are exactly what WEH needs.
Totally! A fresh leadership perspective can really drive meaningful change.
What about solar? Wind is cool, but diversifying their portfolio could mitigate potential risks.
Impressive revenue figures. Even more impressive if they can maintain these gains while transitioning to clean energy.