Green Resources

Name

Green Resources

Legal name

Green Resources Public Company Limited

Website

https://greenresources.co.th

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Solar Energy and Residential Real Estate Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB)

akta.pro secondary industries

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

Keywords

• Solar energy generation
• Rooftop solar installations
• Industrial power purchase agreements
• Residential condominium development
• Renewable energy projects

Headquarters

HQ city

Nonthaburi

HQ country

Thailand

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Solar Energy Business: Solar farm operations and solar rooftop installations generating electricity revenue through long-term power purchase agreements (25-year contracts)
2. Real Estate Development: Development and sale of residential condominium projects including Origins (Rama II) and Roccia (Maha Sarakham)

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Green Resources generates and sells electricity from solar photovoltaic projects (utility-scale solar farms operated by SPVs and rooftop installations) for industrial and residential customers, and develops and sells residential condominium units (Origins and Roccia projects) through its subsidiary Orin Property. Revenue is earned primarily through long-term Power Purchase Agreements with industrial offtakers and through condominium unit sales to individual buyers.

Product overview

Green Resources is a dual-business company operating in alternative energy (solar power) and real estate development. The solar energy portfolio consists of three main product lines: (1) utility-scale Solar Farms with ground-mounted installations in Pak Chong (4.9960 MWp) and Srakeaw (4.9940 MWp) provinces, (2) Solar Rooftop installations for industrial facilities with systems like 126.9 kW projects, and (3) Solar Rooftop solutions for residential properties. The real estate segment includes two condominium projects: Origins, a 19-story high-rise on Rama II Road with 371 units starting at 1.69 million baht, and Roccia, a 4-story budget condominium in Mahasarakham with 75 units starting at 690,000 baht. The company serves both the industrial and residential sectors with solar energy solutions while maintaining a property development business.

Differentiator

Problem solved

Functional benefit

Brands

• Origins: 19-story high-rise condominium project located on Rama II Road, Bangmod area, Bangkok. Features include Infinity Edge Swimming Pool, fitness room with garden view, and 371 units with starting price 1.69 million baht.
• Roccia

Products and services

• Industrial Solar Power Generation (Solar Farms) Utility-scale solar PV farms that generate and sell electricity to industrial and commercial offtakers in Thailand under long-term Power Purchase Agreements. Operated through project SPVs (SK1 Power, JE Solar Lopburi, Ventus Solar).
• Residential Rooftop Solar Installations Design and installation of rooftop solar PV systems for Thai households to generate their own electricity and reduce reliance on grid power.
• Origins Condominium Project Residential condominium development by subsidiary Orin Property, sold to individual buyers in the Thai market.
• Roccia Condominium Project Residential condominium project developed and sold by the company to individual buyers.

Quantifiable outcome

• Monthly electricity savings of 3x,XXX - 4x,XXX baht for residential solar installations

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Orin Property Co., Ltd. (บริษัท โอริน พร็อพเพอร์ตี้ จำกัด)coreStrategic or Co-development PartnerSubsidiary company focused on real estate development, operating the Origins condominium project at Rama II, Bangkok. Fully integrated subsidiary under Green Resources Group.
• SK1 Power Co., Ltd. (บริษัท เอสเควัน เพาเวอร์ จำกัด)coreStrategic or Co-development PartnerSubsidiary company operating the SK1 Solar Farm project in Srakeaw Province with 4.9940 MWp capacity, 330 MB project value, 25-year contract period.
• Ventus Solar Co., Ltd. (บริษัท เวนตุส โซลาร์ จำกัด)coreStrategic or Co-development PartnerSubsidiary company operating the Ventus Solar Farm project in Pak Chong, Nakhon Ratchasima Province with 4.9960 MWp capacity, 320 MB project value.
• JE Solar Lopburi Co., Ltd.coreStrategic or Co-development PartnerSubsidiary/solar project company operating the JE Solar rooftop installation in Lopburi Province with 995 kWp capacity, 77 MB project value.

Scale indicators3 records

Recent moves12 records

Expansion highlights3 records

Direct peers

• BCPG: BCPG is a Thai SET-listed renewable energy IPP operating solar, wind, and biomass power plants under long-term PPAs. Highly comparable to Green Resources as a small-to-mid Thai solar IPP with utility-scale assets and government-backed offtake contracts.
• Gunkul Engineering: Gunkul Engineering is a Thai renewable energy company involved in solar EPC, solar farm development, and equipment distribution. Comparable to Green Resources' solar farm and rooftop installation business, with overlap in industrial and utility-scale solar.
• Origin Property: Origin Property is a Thai SET-listed residential condominium developer with projects across Bangkok and key provinces. Comparable to Green Resources' Orin Property subsidiary and the Origins/Roccia condo projects, serving the same residential buyer segment.
• Energy Absolute: Energy Absolute is a leading Thai renewable energy developer with utility-scale solar farms and battery storage. Comparable to Green Resources as a Thai solar power producer with similar long-term PPA revenue model, though at significantly larger scale.
• SPCG (Solar Power Company Group): SPCG is a Thai solar farm operator with utility-scale PV plants under long-term PPAs. Closely comparable to Green Resources' SK1 Power and Ventus Solar farm operations, both being small Thai solar IPPs with 25-year offtake contracts.

Broad incumbents

• Sansiri: Sansiri is one of Thailand's largest residential property developers, with a heavy condominium focus in Bangkok and major provinces. Comparable to Green Resources' Origins condo project on Rama II in terms of product type and target buyer, though at much larger scale.
• CK Power: CK Power is a Thai SET-listed IPP with a diversified renewable and thermal power portfolio. Comparable to Green Resources as a Thai power producer with long-term PPAs, though operating at a much larger scale and broader energy mix.

Regional players

• AP (Thailand): AP is a major Thai residential developer focused on condominiums and townhouses targeting similar middle-income urban buyers. Comparable to Green Resources' Roccia budget condo concept in serving the affordable-to-mid residential segment in regional Thailand.
• Property Perfect: Property Perfect is a Thai residential and commercial property developer listed on SET. Comparable to Green Resources' real estate arm (Orin Property) in developing condominium projects targeting similar end-user and investor buyer segments.

Emerging players

• Hana Microelectronics / HANA Solar: Hana Microelectronics is a Thai-listed electronics manufacturer with solar rooftop investments. Comparable to Green Resources as a Thai SET-listed entity expanding into distributed solar rooftop installations, though primarily as a secondary business line.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/solar.greenresources
• Instagraminstagram.com/green_resources.co.th

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Green Resources