The Electricity Generating Authority of Thailand (EGAT) subsidiary, EGCO Group, is set to invest THB 30 billion in 2024 to expand its electricity generation capacity by 1,000 MW, with a strong focus on accelerating renewable energy projects and international investments. Currently, 21% of EGCO's total power generation comes from renewables, amounting to 1,440 MW, with plans to increase this to 30% by 2030 without expanding coal-fired power generation. The company is actively developing various renewable energy sources like biomass, solar, hydro, wind (onshore and offshore), and energy storage solutions. It is also expanding its presence in markets like Laos, the Philippines, Indonesia, Taiwan, South Korea, Australia, and the United States. EGCO is working to fully commission Taiwan's Yunlin Wind Farm this year, despite previous delays, and is progressing in hydrogen energy development, as seen through a recent MoU for hydrogen feasibility studies. The company's CEO emphasized the importance of preparing for increased power demand due to the growing adoption of electric vehicles in Thailand. These investments align with EGCO's commitment to sustainability and carbon neutrality by 2050, positioning it as a key player in Thailand's renewable energy transition.