Super Energy Corporation Public Company Limited

What Super Energy Corporation Public Company Limited does

Super Energy Corporation Public Company Limited (SET: SUPER) is a Thai-listed renewable energy developer, investor, and operator headquartered in Bangkok at 223/61 Country Complex Building, Srinakharin Road, Bang Na District. Originally incorporated on December 20, 1995 as Super Block Co., Ltd. to manufacture concrete and Autoclaved Aerated Concrete (AAC) products, the company was listed on the Stock Exchange of Thailand on April 19, 2005. It pivoted into renewable energy on November 14, 2013 with its first solar power plant investment and was formally renamed Super Energy Corporation Public Company Limited on May 9, 2018 following shareholder approval (resolution 1/2561), codifying its transformation from construction materials to clean energy.

The company operates five business units: (1) Solar Photovoltaic power plant investment and operations in Thailand and overseas; (2) Waste-to-Energy facilities that convert municipal solid waste into refuse-derived fuel (RDF) and electricity, with operating sites at Saraburi and Phichit; (3) Wind energy generation, primarily in Vietnam's central and southern regions where the World Bank has assessed 27 GW of wind potential; (4) Information and Communication Technology (ICT) services supporting digital infrastructure; and (5) Water production and distribution. The portfolio is complemented by SUPEREIF (Super Energy Infrastructure Fund), a separate SET-listed infrastructure fund that provides investor exposure to renewable energy power plant assets. Key wholly-owned operating subsidiaries include Super Solar Hybrid Co., Ltd., Apollo Solar Co., Ltd. (currently subject to a share-disposition process), and Super Wind Energy Cong Ly Soc Trang Joint Stock Company in Vietnam.

Revenue is generated primarily under long-term Power Purchase Agreements (PPAs), typically 5-25 years, with two Thai government utilities—EGAT (Electricity Generating Authority of Thailand) and PEA (Provincial Electricity Authority)—and with industrial offtakers including factories and industrial estates. Geographic operations span multiple Thai provinces plus Vietnam. As of July 23, 2026, the company trades at a P/E ratio of 6.79 and a share price of 0.14 Baht, characteristic of a small-cap Thai renewable IPP with limited analyst coverage; headcount is not publicly disclosed. Recent corporate actions include a May 2026 capital increase into the Vietnam wind subsidiary via debt-to-equity conversion, a May 2026 progress report on the disposition of Apollo Solar shares, and a June 15, 2026 board and audit committee reshuffle.

Name

Super Energy Corporation Public Company Limited

Legal name

SUPER ENERGY CORPORATION PUBLIC CO., LTD. บริษัท ซุปเปอร์ เอนเนอร์ยี คอร์เปอเรชั่น จำกัด(มหาชน)

Website

https://supercorp.co.th

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Super Energy Corporation (SET: SUPER) is a Thai-listed renewable energy developer and operator running solar, wind, waste-to-energy, ICT, and water businesses across Thailand and Vietnam, selling electricity under long-term PPAs to government utilities EGAT and PEA and to industrial customers.

Ownership category

akta.pro rank

Product category

Renewable Energy Power Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115), Biomass Electric Power Generation (221117), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Engines & Turbines (3510), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

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

akta.pro secondary industries

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB), Renewable Energy Infrastructure (FSAAAKAG), Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI)

Keywords

• Renewable energy generation
• Solar power plants
• Wind power generation
• Waste-to-energy plants
• Power purchase agreements

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Generation and Sales: The company generates electricity from solar, wind, and waste-to-energy power plants and sells electricity under long-term Power Purchase Agreements (PPAs) to government utilities such as EGAT (Electricity Generating Authority of Thailand) and PEA (Provincial Electricity Authority), as well as industrial customers.
2. Water Production and Distribution: Production and distribution of water for consumption and industrial use.
3. ICT Services: Information and Communication Technology services and solutions.
4. SUPEREIF Infrastructure Fund: Super Energy Corporation Infrastructure Fund (SUPEREIF) listed on SET for renewable energy power plant investments.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Super Energy Corporation develops, invests in, and operates renewable energy power plants — including solar photovoltaic, wind, and waste-to-energy facilities — across Thailand and Vietnam, selling electricity to government utilities such as EGAT and PEA and to industrial customers under long-term Power Purchase Agreements. The company additionally operates an information and communication technology services business and a clean water production and distribution business, and manages SUPEREIF, a listed infrastructure fund holding renewable energy power plant assets.

Product overview

Super Energy Corporation Public Company Limited is a Thai-listed renewable energy company operating multiple power generation businesses. The company manages a diversified portfolio of renewable energy segments including solar photovoltaic power plants (Solar Energy Business), waste-to-energy facilities (Waste-to-Energy Business), and wind energy projects (Wind Energy Business). Additionally, the company maintains businesses in information and communication technology (ICT) services and water production/distribution for consumption. The portfolio is complemented by SUPEREIF (Super Energy Infrastructure Fund), a publicly listed infrastructure fund that holds stakes in power plant assets. Originally established on December 20, 1994 as Super Block Co., Ltd., the company transitioned to renewable energy by entering the solar power sector in November 2013 and officially rebranded to its current name in May 2018 after being listed on the Stock Exchange of Thailand in April 2005.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Energy Business Solar photovoltaic power plant development, investment, and operations for generating electricity from sunlight, with projects located in Thailand and overseas markets. Electricity is sold under long-term Power Purchase Agreements to government utilities and industrial customers.
• Waste-to-Energy Business Power generation from municipal solid waste using refuse-derived fuel (RDF), addressing waste management challenges while producing renewable electricity sold under long-term Power Purchase Agreements.
• Wind Energy Business Wind turbine power plant development and investment leveraging wind resources for electricity generation, with operations in Vietnam's central and southern regions and wind resources under assessment by the World Bank.
• Information and Communication Technology Services Information and communication technology services and solutions supporting the company's digital infrastructure and operations.
• Water Production and Distribution Business Production and distribution of clean water for residential and commercial consumption.
• SUPEREIF (Super Energy Infrastructure Fund) Listed infrastructure fund investing in power plants, providing investors with exposure to renewable energy infrastructure assets under the Super Energy Corporation umbrella.

Named customers3 records

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

Scale indicators3 records

Recent moves9 records

Expansion highlights5 records

Others

• Power Construction Corporation of China (PowerChina): Major Chinese state-owned EPC contractor for renewable energy and power infrastructure projects in Southeast Asia. Comparable as an ecosystem participant building solar, wind, and waste-to-energy projects in the region, though primarily an EPC contractor rather than an IPP.

Direct peers

• BCPG Public Company Limited: Thai-listed renewable energy company focused on solar, wind, and hydroelectric power generation across Thailand and Southeast Asia. Comparable in business model as a renewable IPP selling to government utilities under PPAs.
• Energy Absolute Public Company Limited: Thai-listed renewable energy IPP operating solar, wind, biomass, and waste-to-energy power plants with PPAs to EGAT. Directly comparable as a Thai renewable energy generator with similar government off-take structure and diversified technology portfolio.
• B.Grimm Power Public Company Limited: Thai-listed gas-fired and renewable power producer with operations in Thailand, Vietnam, and other Southeast Asian markets. Comparable as a Southeast Asian IPP with long-term PPAs and renewable energy portfolio.
• Gunkul Engineering Public Company Limited: Thai-listed renewable energy and electrical equipment company developing solar and wind power plants. Comparable as a Thai renewable energy developer with similar generation asset focus and SET listing.

Broad incumbents

• Electricity Generating Public Company Limited (EGCO): Major Thai IPP with renewable and conventional generation assets across Thailand and Southeast Asia. Comparable in operating power plants with long-term PPAs but at significantly larger scale with broader portfolio.
• Ratch Group Public Company Limited: Large Thai power producer with diversified portfolio including renewable energy, gas, and coal. Comparable in operating renewable IPPs in Thailand and the region but operates at much larger scale and includes conventional generation.
• CLP Holdings Limited: Hong Kong-based electricity generator with renewable energy portfolio across Asia-Pacific. Comparable as a diversified power producer with renewable generation assets, though at much larger scale and broader geographic footprint.
• Glow Energy Public Company Limited (acquired by ENGIE): Formerly Thai-listed IPP operator (now under ENGIE) with combined heat and power and renewable assets. Comparable as a Thai power producer with long-term PPAs to government utilities.

Regional players

• Sembcorp Industries: Singapore-based energy and urban solutions company with renewable energy operations across Southeast Asia. Comparable as a regional renewable IPP operating in Southeast Asian markets including Vietnam.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/super-energy-corporation-plc

Revenue estimate

Valuation estimate

Number of profiles

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 Super Energy Corporation Public Company Limited