{"id":2619,"date":"2019-09-19T09:15:57","date_gmt":"2019-09-19T09:15:57","guid":{"rendered":"https:\/\/www.thaisolarenergy.com\/?page_id=2619"},"modified":"2025-03-21T14:26:35","modified_gmt":"2025-03-21T07:26:35","slug":"message-from-chairman","status":"publish","type":"page","link":"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/","title":{"rendered":"Message from Chairman"},"content":{"rendered":"

[et_pb_section fb_built=”1″ disabled_on=”off|off|off” admin_label=”Header Section” _builder_version=”4.16″ background_color=”rgba(0,0,0,0)” background_color_gradient_direction=”181deg” background_enable_image=”off” background_position=”bottom_left” custom_margin=”|||” custom_padding=”0%||0%||true|” locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row custom_padding_last_edited=”on|phone” admin_label=”Header Row” _builder_version=”4.16″ width=”100%” max_width=”1280px” custom_margin=”|||” custom_padding=”0px||0px|||” custom_padding_tablet=”” custom_padding_phone=”3vw|||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_cta title=”MESSAGE FROM CHAIRMAN” button_url=”#top” admin_label=”Heading, Subheading & Button” _builder_version=”4.16″ header_level=”h1″ header_font=”Quicksand|||on|||||” header_text_align=”right” header_text_color=”#e02b20″ header_font_size=”30px” header_line_height=”1.4em” body_font=”Kanit|500|||||||” body_font_size=”18px” body_line_height=”1.8em” use_background_color=”off” custom_button=”on” button_text_size=”16px” button_text_color=”#ffffff” button_bg_color=”#f4583f” button_border_width=”10px” button_border_color=”rgba(244,88,63,0)” button_border_radius=”0px” button_font=”Muli|700|||||||” button_use_icon=”off” background_layout=”light” module_alignment=”center” custom_margin=”|||” custom_margin_tablet=”3vw||3vw|” custom_margin_phone=”|||” custom_margin_last_edited=”off|desktop” animation_style=”fade” header_font_size_tablet=”” header_font_size_phone=”24px” header_font_size_last_edited=”on|phone” button_text_color_hover=”#ffffff” button_border_color_hover=”rgba(244,88,63,0)” button_border_radius_hover=”0px” button_bg_color_hover=”#f4583f” global_colors_info=”{}” button_text_size__hover_enabled=”off” button_one_text_size__hover_enabled=”off” button_two_text_size__hover_enabled=”off” button_text_color__hover_enabled=”on” button_text_color__hover=”#ffffff” button_one_text_color__hover_enabled=”off” button_two_text_color__hover_enabled=”off” button_border_width__hover_enabled=”off” button_one_border_width__hover_enabled=”off” button_two_border_width__hover_enabled=”off” button_border_color__hover_enabled=”on” button_border_color__hover=”rgba(244,88,63,0)” button_one_border_color__hover_enabled=”off” button_two_border_color__hover_enabled=”off” button_border_radius__hover_enabled=”on” button_border_radius__hover=”0px” button_one_border_radius__hover_enabled=”off” button_two_border_radius__hover_enabled=”off” button_letter_spacing__hover_enabled=”off” button_one_letter_spacing__hover_enabled=”off” button_two_letter_spacing__hover_enabled=”off” button_bg_color__hover_enabled=”on” button_bg_color__hover=”#f4583f” button_one_bg_color__hover_enabled=”off” button_two_bg_color__hover_enabled=”off” theme_builder_area=”post_content”][\/et_pb_cta][et_pb_divider color=”#c9c9c9″ divider_weight=”2px” _builder_version=”4.16″ custom_margin=”-5%||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_divider][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|desktop” admin_label=”About” _builder_version=”4.16″ background_color=”rgba(255,255,255,0.5)” background_color_gradient_direction=”90deg” background_image=”https:\/\/www.thaisolarenergy.com\/wp-content\/uploads\/2019\/12\/OSW_bg.jpg” background_position=”top_center” max_width=”100%” max_width_tablet=”90%” max_width_phone=”100%” max_width_last_edited=”on|phone” module_alignment=”left” custom_padding=”50px|0px|50px|0px|true|false” custom_padding_tablet=”” custom_padding_phone=”40px|0px|0px|0px|false|false” border_color_all=”#f7f6f4″ border_width_top=”0px” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row column_structure=”2_5,3_5″ padding_top_bottom_link_2=”false” _builder_version=”4.16″ width=”100%” max_width=”1600px” custom_padding=”|5%||5%|false|true” use_custom_width=”on” custom_width_px=”1600px” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”2_5″ _builder_version=”4.16″ custom_padding=”||||false|false” custom_padding_tablet=”||0vw|0vw” custom_padding_phone=”” custom_padding_last_edited=”on|tablet” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_image src=”https:\/\/www.thaisolarenergy.com\/wp-content\/uploads\/2024\/03\/\u0e04\u0e38\u0e13\u0e41\u0e04\u0e17\u0e25\u0e35\u0e19_\u0e2b\u0e19\u0e49\u0e32\u0e2a\u0e32\u0e23\u0e1b\u0e23\u0e30\u0e18\u0e32\u0e19\u0e01\u0e23\u0e23\u0e21\u0e01\u0e32\u0e23\u0e1a\u0e23\u0e34\u0e29\u0e31\u0e17jpg-scaled.jpg” title_text=”\u0e04\u0e38\u0e13\u0e41\u0e04\u0e17\u0e25\u0e35\u0e19_\u0e2b\u0e19\u0e49\u0e32\u0e2a\u0e32\u0e23\u0e1b\u0e23\u0e30\u0e18\u0e32\u0e19\u0e01\u0e23\u0e23\u0e21\u0e01\u0e32\u0e23\u0e1a\u0e23\u0e34\u0e29\u0e31\u0e17jpg” align_tablet=”center” align_phone=”” align_last_edited=”on|desktop” _builder_version=”4.23.1″ width=”100%” module_alignment=”center” custom_margin=”|||-27px||” custom_padding=”|||0px|false|” animation_style=”slide” animation_direction=”bottom” animation_intensity_slide=”5%” border_color_all=”#ec2127″ locked=”off” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.23.1″ text_font=”Quicksand||||||||” text_text_color=”#ffffff” text_font_size=”16px” text_line_height=”2em” header_font=”||||||||” header_2_font=”Playfair Display SC||||||||” header_2_font_size=”45px” header_2_line_height=”1.3em” header_6_font=”||||||||” max_width_last_edited=”off|desktop” module_alignment=”center” custom_margin=”|||” custom_padding=”|||” hover_enabled=”0″ header_2_font_size_tablet=”40px” header_2_font_size_phone=”28px” header_2_font_size_last_edited=”on|phone” global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]Dear All Shareholders<\/span><\/p>\n

In 2024, the renewable energy industry faced volatility due to various factors, including economic conditions, policy changes, and challenging business environments. However, TSE remains confident in its potential and readiness to navigate these challenges. The company has continuously adapted its strategies to align with market conditions, ensuring sustained growth and value creation for shareholders and the Group.
\nThis resilience was demonstrated over the past year, as the Group achieved success in multiple areas. Notably, TSE received the prestigious \u201cASEAN Renewable Energy Projects Awards 2024\u201d for the Bangsawan Green Biomass Power Plant in Surat Thani Province, reflecting its efficient energy management across economic, environmental, and social dimensions, recognized both nationally and within ASEAN. Additionally, the company\u2019s corporate credit rating was upgraded to \u201cBBB\u201d with a \u201cStable\u201d outlook by TRIS Rating Co., Ltd., highlighting the Group\u2019s reduced debt burden, stable cash flow, and consistent performance of its solar and biomass power plants. This credit upgrade also aligns with TSE\u2019s long-term plan to secure funding for future business expansion and investment. In terms of governance, the Group remains committed to good corporate governance, transparency, and responsible management for all stakeholders. It continues to prioritize environmental and social responsibility (Environmental, Social, and Governance: ESG), actively supporting anti-corruption efforts and sustainable operations by reducing resource consumption and greenhouse gas emissions (Greenhouse Gas Emissions: GHG). These efforts align with Thailand\u2019s key national goals of achieving carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065.<\/p>\n

As of the end of 2024, the Group operates 62 renewable energy projects in Thailand, with a total capacity of 382.26 MWppa of these, 34 projects, totaling 153.2 MWppa, have already commenced commercial operations, while the 28 projects under the Solar Big Lot Phase 1& Phase 2, with a capacity of 229.06 MWppa, are currently under development. The commercial electricity sales are scheduled to take place between 2027 and 2030. The Group remains committed to executing its strategic plans, with the following key operational initiatives for 2025:
\n1. Expanding into the Private PPA (Private Power Purchase Agreement) sector \u2013 The company aims to facilitate solar power among private sector entities, including Solar Rooftop, Solar Floating, Ground-Mounted Solar, and Solar Carport. Additionally, TSE plans to supply electricity to government agencies through the ESCO Model and Direct PPA in alignment with upcoming government policies.
\n2. Joint Ventures and New Renewable Energy Projects \u2013 TSE plans to collaborate with strategic partners to invest in solar power plants under the Solar Big Lot Phase 3. The company is also exploring new renewable energy projects, such as community waste-to-energy power plants.
\n3. Diversification into Public Utilities \u2013 The company is conducting feasibility studies and engaging with experienced partners to expand into other public utility sectors, further strengthening its business portfolio.
\n4. Mergers and Acquisitions (M&A) \u2013 TSE is actively evaluating investment opportunities in operational renewable energy power plants that can generate stable and consistent cash flow. The company will selectively invest in high-performing projects that offer strong financial returns.
\n5. Expansion into New Health-Related Businesses \u2013 The company has initiated its entry into the healthcare sector, starting with infertility treatment services utilizing advanced reproductive technology (IVF). TSE plans to further expand into beauty, wellness, and pharmaceutical businesses, leveraging growth opportunities in these sectors to establish a new S-Curve and create long-term value for the company and its shareholders.\n<\/p>\n

On behalf of the Board of Directors and executives, I extend my sincere gratitude to our shareholders, business partners, financial institutions, government agencies, and both private and public sector stakeholders for their continued trust and support. Most importantly, I would like to express my appreciation to all employees of the company for their dedication and contributions. I assure you that TSE will continue to operate with integrity, uphold the highest standards of corporate governance, and remain committed to social responsibility as we drive the organization toward long-term sustainability.<\/p>\n

Cathleen Maleenont, Ed.D<\/p>\n

Chairman of the Board<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Dear All Shareholders In 2024, the renewable energy industry faced volatility due to various factors, including economic conditions, policy changes, and challenging business environments. However, TSE remains confident in its potential and readiness to navigate these challenges. The company has continuously adapted its strategies to align with market conditions, ensuring sustained growth and value creation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"yoast_head":"\nMessage from Chairman - Thai Solar Energy Company Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Message from Chairman - Thai Solar Energy Company Limited\" \/>\n<meta property=\"og:description\" content=\"Dear All Shareholders In 2024, the renewable energy industry faced volatility due to various factors, including economic conditions, policy changes, and challenging business environments. However, TSE remains confident in its potential and readiness to navigate these challenges. The company has continuously adapted its strategies to align with market conditions, ensuring sustained growth and value creation […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/\" \/>\n<meta property=\"og:site_name\" content=\"Thai Solar Energy Company Limited\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-21T07:26:35+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/\",\"url\":\"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/\",\"name\":\"Message from Chairman - Thai Solar Energy Company Limited\",\"isPartOf\":{\"@id\":\"https:\/\/www.thaisolarenergy.com\/#website\"},\"datePublished\":\"2019-09-19T09:15:57+00:00\",\"dateModified\":\"2025-03-21T07:26:35+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thaisolarenergy.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Message from Chairman\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thaisolarenergy.com\/#website\",\"url\":\"https:\/\/www.thaisolarenergy.com\/\",\"name\":\"Thai Solar Energy Company Limited\",\"description\":\"\u0e1a\u0e23\u0e34\u0e29\u0e31\u0e17 \u0e44\u0e17\u0e22 \u0e42\u0e0b\u0e25\u0e48\u0e32\u0e23\u0e4c \u0e40\u0e2d\u0e47\u0e19\u0e40\u0e19\u0e2d\u0e23\u0e4c\u0e22\u0e35\u0e48 \u0e08\u0e33\u0e01\u0e31\u0e14 (\u0e21\u0e2b\u0e32\u0e0a\u0e19)\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thaisolarenergy.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Message from Chairman - Thai Solar Energy Company Limited","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/","og_locale":"en_US","og_type":"article","og_title":"Message from Chairman - Thai Solar Energy Company Limited","og_description":"Dear All Shareholders In 2024, the renewable energy industry faced volatility due to various factors, including economic conditions, policy changes, and challenging business environments. However, TSE remains confident in its potential and readiness to navigate these challenges. The company has continuously adapted its strategies to align with market conditions, ensuring sustained growth and value creation […]","og_url":"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/","og_site_name":"Thai Solar Energy Company Limited","article_modified_time":"2025-03-21T07:26:35+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/","url":"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/","name":"Message from Chairman - Thai Solar Energy Company Limited","isPartOf":{"@id":"https:\/\/www.thaisolarenergy.com\/#website"},"datePublished":"2019-09-19T09:15:57+00:00","dateModified":"2025-03-21T07:26:35+00:00","breadcrumb":{"@id":"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.thaisolarenergy.com\/index.php\/message-from-chairman\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thaisolarenergy.com\/"},{"@type":"ListItem","position":2,"name":"Message from Chairman"}]},{"@type":"WebSite","@id":"https:\/\/www.thaisolarenergy.com\/#website","url":"https:\/\/www.thaisolarenergy.com\/","name":"Thai Solar Energy Company Limited","description":"\u0e1a\u0e23\u0e34\u0e29\u0e31\u0e17 \u0e44\u0e17\u0e22 \u0e42\u0e0b\u0e25\u0e48\u0e32\u0e23\u0e4c \u0e40\u0e2d\u0e47\u0e19\u0e40\u0e19\u0e2d\u0e23\u0e4c\u0e22\u0e35\u0e48 \u0e08\u0e33\u0e01\u0e31\u0e14 (\u0e21\u0e2b\u0e32\u0e0a\u0e19)","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thaisolarenergy.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.thaisolarenergy.com\/index.php\/wp-json\/wp\/v2\/pages\/2619"}],"collection":[{"href":"https:\/\/www.thaisolarenergy.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.thaisolarenergy.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.thaisolarenergy.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thaisolarenergy.com\/index.php\/wp-json\/wp\/v2\/comments?post=2619"}],"version-history":[{"count":20,"href":"https:\/\/www.thaisolarenergy.com\/index.php\/wp-json\/wp\/v2\/pages\/2619\/revisions"}],"predecessor-version":[{"id":17848,"href":"https:\/\/www.thaisolarenergy.com\/index.php\/wp-json\/wp\/v2\/pages\/2619\/revisions\/17848"}],"wp:attachment":[{"href":"https:\/\/www.thaisolarenergy.com\/index.php\/wp-json\/wp\/v2\/media?parent=2619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}