SPCG
SPCG Public Company Limited is a Thai-listed holding company that develops and operates utility-scale solar farms (260 MW in Thailand plus projects in Japan) and rooftop solar installations for residential, commercial, and industrial customers through 42 subsidiaries.
- Company typePublic
- Founded2011
- HeadquartersWatthana, Thailand
- Headcount101–250
- GTM typeB2B
- OfferingServices
What SPCG does
SPCG Public Company Limited is a Thai-listed holding company (SET: SPCG) operating across the solar energy value chain. Founded in 2011, the company holds majority stakes in 42 subsidiaries with a registered capital of 1,055,790,000 shares and a workforce of 101–250 employees. SPCG has invested in and developed 36 solar farms in Thailand with a combined capacity of 260 MW, plus a 30 MW solar farm in Japan (Tottori Yonago Mega Solar) and the 480 MW Ukujima Mega Solar Project in Japan. Through its subsidiary Solar Power Roof Co., Ltd. (SPR), SPCG provides end-to-end design and installation services for residential, commercial, and industrial rooftop solar systems, while Solar Power Engineering Co., Ltd. (SPE) operates as the Authorized Sales Agent of SMA Solar Technology AG (Germany). Its i-REC program projects approximately 370,000 International Renewable Energy Certificates annually from the 260 MW Thai portfolio, providing an additional monetizable asset stream.
SPCG firmographics
Firmographics- Name
- SPCG
- Legal name
- SPCG Public Company Limited
- Website
- https://spcg.co.th
- Company type
- Public
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- SPCG Public Company Limited is a Thai-listed holding company that develops and operates utility-scale solar farms (260 MW in Thailand plus projects in Japan) and rooftop solar installations for residential, commercial, and industrial customers through 42 subsidiaries.
- Ownership category
- akta.pro rank
SPCG industry classification
Industry- Product category
- Solar Energy Generation and Rooftop Installation
- NAICS
- Solar Electric Power Generation (221114)
- SIC
- Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Utility-Scale PV EPC (Engineering, Procurement & Construction) (EUACAGAB)
- akta.pro secondary industries
- Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), PV Balance of System (BOS) & Electrical Infrastructure (Inverters, Transformers, Cabling, Substations) (EUACAGAC)
Keywords
Where SPCG is headquartered
LocationHeadquarters
- HQ city
- Watthana
- HQ country
- Thailand
- HQ region
- Asia
Offices3 records
Markets served
SPCG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Others
Revenue model
- Solar Farm Operations: Revenue generated from 36 solar farms in Thailand (260 MW) and solar farms in Japan. SPCG is a holding company with majority shares in 42 companies.
- Solar Rooftop Solutions: Design and installation of solar roof systems through subsidiary Solar Power Roof Co., Ltd. (SPR) for Residential, Commercial and Industrial customers.
- i-REC Sales: Sale of International Renewable Energy Certificates (i-RECs) from 260 MW of solar farms, projected at approximately 370,000 RECs annually.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels1 record
SPCG product offering
Product offeringCore offering
SPCG Public Company Limited is a holding company that develops and operates utility-scale solar farms and provides solar rooftop installation services. It has invested in and developed 36 solar farms in Thailand with a total capacity of 260 MW, alongside international projects in Japan (Tottori Yonago Mega Solar at 30 MW and the Ukujima Mega Solar Project at 480 MW under construction). Through its subsidiary Solar Power Roof Co., Ltd. (SPR), SPCG offers full-service design and installation of solar rooftop systems for residential, commercial, and industrial customers.
Product overview
SPCG Public Company Limited is Thailand's first pioneer and leading developer in solar farm development (260 MW across 36 farms) and solar rooftop solutions (150 MW). The company operates as a holding company with majority shares in 42 subsidiaries. Its product portfolio includes core solar farm development and rooftop installation services (via Solar Power Roof Co., Ltd. - SPR), authorized sales representation for SMA solar technology (via Solar Power Engineering Co., Ltd. - SPE), and International Renewable Energy Certificate (i-REC) generation. SPCG also develops solar projects in Japan including the Tottori Yonago Mega Solar (30 MW) and the Ukujima Mega Solar Project (480 MW).
Differentiator
Problem solved
Functional benefit
Brands
- i-REC: International Renewable Energy Certificate program generating approximately 370,000 RECs annually from 260 MW solar farms in Thailand
Products and services
- SPCG Solar Farm Development Utility-scale solar farm development and operation consisting of 36 solar farms in Thailand (260 MW), a 30 MW solar farm in Japan (Tottori Yonago Mega Solar), and the 480 MW Ukujima Mega Solar Project under construction. Designed for utility operators, energy sector participants, and renewable energy investors.
- Solar Rooftop Solutions (Solar Power Roof Co., Ltd. - SPR) Full-service design and installation of solar rooftop systems by an experienced installation team, provided to residential homeowners, commercial establishments, and industrial facilities through subsidiary Solar Power Roof Co., Ltd. (SPR).
- International Renewable Energy Certificate (i-REC) Sale of International Renewable Energy Certificates (i-RECs) generated from SPCG's 260 MW of solar farms in Thailand, projected at approximately 370,000 RECs annually, for organizations needing carbon offsets and renewable energy documentation.
- Solar Power Engineering Co., Ltd. (SPE) - SMA Authorized Sales Agent Wholly-owned subsidiary operating as the Authorized Sales Agent of SMA Solar Technology AG (Germany), representing and distributing SMA's solar technology and inverter products in Thailand and the region.
Quantifiable outcome
- 260 MW solar farm capacity in Thailand
- +5 more outcomes
Companies that use SPCG
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
SPCG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
SPCG partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- SMA Solar Technology AGcoreSolar Power Engineering Co., Ltd. (SPE) operates as the Authorized Sales Agent of SMA Solar Technology AG (Germany), providing access to SMA's solar technology products and solutions.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
SPCG competitors and assessment
Company assessmentBroad incumbents
- First Solar, Inc. First Solar is a global utility-scale solar developer and module manufacturer; comparable to SPCG on utility-scale PV development and project ownership at scale.
- B.Grimm Power Public Company Limited: B.Grimm Power is one of Thailand's largest IPPs with a diversified gas and renewables portfolio; it competes with SPCG in Thai power generation and increasingly in utility-scale solar.
- EGCO Group Public Company Limited: EGCO Group is a Thai-listed IPP with diversified power generation including renewables across Asia; comparable to SPCG as a regional power generator pursuing solar growth.
- Gulf Energy Development Public Company Limited: Gulf Energy is a large Thai IPP that has been expanding into renewables; it competes with SPCG for utility-scale solar opportunities and corporate power-purchase agreements in Thailand.
Direct peers
- Gunkul Engineering Public Company Limited: Gunkul is a Thai solar EPC contractor and renewable IPP that overlaps with SPCG across utility-scale solar development and rooftop/inverter distribution in Thailand.
- Energy Absolute Public Company Limited: Energy Absolute is a major Thai renewable energy developer and operator with utility-scale solar farms, batteries and EV businesses, competing with SPCG in Thai utility-scale solar development.
- BCPG Public Company Limited: BCPG is a Thai-listed renewable energy IPP with utility-scale solar and wind assets across Thailand and the region, making it the closest direct comparable to SPCG's utility-scale solar farm business.
- Voltalia SA: Voltalia is a French renewable IPP active in solar, wind and hydro across multiple geographies; its mix of utility-scale development, generation and services mirrors SPCG's diversified model.
- Scatec ASA: Scatec is a Norway-based solar IPP that develops, owns and operates utility-scale solar plants in emerging markets, directly comparable to SPCG's solar farm ownership and PPA model.
Emerging players
- Sunrise Energy Co., Ltd. Sunrise Energy is a Thai solar rooftop and EPC installer that competes with SPCG's SPR subsidiary in the residential and C&I rooftop segments in Thailand.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
SPCG social profiles
Digital presenceSPCG financial estimates
Financial estimateRevenue estimate
Valuation estimate
SPCG leadership team
Management profileNumber of profiles
Profiles3 records
SPCG subsidiaries and ownership
Company hierarchySubsidiaries2 records
SPCG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SPCG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SPCG
What does SPCG do?
SPCG Public Company Limited is a holding company that develops and operates utility-scale solar farms and provides solar rooftop installation services. It has invested in and developed 36 solar farms in Thailand with a total capacity of 260 MW, alongside international projects in Japan (Tottori Yonago Mega Solar at 30 MW and the Ukujima Mega Solar Project at 480 MW under construction). Through its subsidiary Solar Power Roof Co., Ltd. (SPR), SPCG offers full-service design and installation of solar rooftop systems for residential, commercial, and industrial customers.
Is SPCG a public or private company?
SPCG is a public company. It is classified as public and is currently operating.
When was SPCG founded?
SPCG was founded in 2011. It employs 101 to 250 people.
Where is SPCG based?
SPCG is headquartered in Watthana, Thailand, in the Asia region.
How does SPCG make money?
Three revenue lines are on record. Solar Farm Operations are the primary driver. The others are solar Rooftop Solutions and i-REC Sales.
Who are SPCG's main competitors?
Broad incumbents on record are First Solar, Inc., B.Grimm Power Public Company Limited, EGCO Group Public Company Limited and Gulf Energy Development Public Company Limited. Direct peers are Gunkul Engineering Public Company Limited, Energy Absolute Public Company Limited, BCPG Public Company Limited, Voltalia SA and Scatec ASA. Sunrise Energy Co., Ltd. is listed as an emerging player.
Does SPCG have an API?
No public API is recorded for SPCG.
What industry is SPCG in?
SPCG's product category is Solar Energy Generation and Rooftop Installation. Its primary akta.pro industry code is EUACAGAB, Utility-Scale PV EPC (Engineering, Procurement & Construction), with a secondary code of EUAMABAB, Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System). Its NAICS code is 221114 and its SIC code is 4991.