Thai power producer and distributor CK power PCL plans to more than double its size by adding about 2.8 GW of renewable generation capacity over the next three years.

General manager Thanawat Triviswae said the company plans to build six power plants in Thailand and the region to reach a cumulative capacity of 4.8 GW by 2024.

"All our new capacity additions will be based on renewable energy, including solar, hydro and wind power, and CK power plans to establish three new renewable energy businesses in two countries outside of Thailand," the general manager added.

Trivisvavet believes that within five years, the company's solar power capacity will increase more than tenfold to 300 megawatts, while wind farms will reach 700 megawatts. This means that by then, 95% of the company's total power generation capacity will be based on renewable energy.

According to the director, CK Power is currently financially well positioned for the future, with a solid balance sheet and stable cash flow from long-term power purchase agreements (PPAs).