CKPower successfully offered its Green Bond with subscriptions exceeding twice the offering amount, reflecting investor confidence in the company's stable business amid global economic fluctuations.
On 8 May, Mr. Thanawat Treewisavet, Managing Director of CK Power Public Company Limited (CKPower), a renewable energy producer, stated that between 27 and 29 April, CKPower successfully offered three series of unsecured, unsubordinated Green Debentures totaling 5 billion baht. The subscription amount was more than twice the offering, demonstrating investor confidence in the company's business potential and growth direction amid global economic uncertainty.
CKPower expressed gratitude to all investors for their trust and confidence in the bonds and the company's operations. Thanks were also extended to the bond underwriting managers, including Krungthai Bank Public Company Limited, CIMB Thai Bank Public Company Limited, Siam Commercial Bank Public Company Limited, and Kiatnakin Phatra Securities Public Company Limited, whose support was crucial to the successful bond issuance and strong investor interest. This reflects confidence in the company's solid business fundamentals and its approach to renewable energy development aimed at energy security alongside sustainable growth.
Mr. Thanawat added that CKPower's bonds received a credit rating of A- with a stable outlook from TRIS Rating, matching the company’s corporate credit rating. They are classified as Green Debentures in accordance with the Green Bond Principles 2021, Green Loan Principles 2025, and Thailand Taxonomy 2023. The bonds were independently reviewed by the global standard certification body DNV as the Independent External Reviewer, indicating transparent, verifiable fundraising aligned with international best practices. The bonds comprise three series: a 4-year bond worth 2.5 billion baht with an interest rate of 2.89% per annum; a 7-year bond worth 1 billion baht with an interest rate of 3.46% per annum, both callable before maturity by the issuer; and a 10-year bond worth 1.5 billion baht with an interest rate of 3.75% per annum, also callable before maturity.
The funds raised from this bond issuance will be invested in the Luang Prabang hydropower project in the Lao People's Democratic Republic, which is currently under construction, to enhance energy stability.. (This part contains only the phrase "of Thailand" and is incomplete; thus, translation is omitted.)This project also supports the transition to renewable energy aligned with global energy trends. The success of this offering further confirms CKPower’s role as a Green Bond issuer linking fundraising to the tangible development of environmentally friendly energy projects.
Mr. Thanawat further stated that, under the five-year plan (2026-2030), CKPower aims to expand solar power capacity through both Private Power Purchase Agreements (PPAs) and government renewable energy plant tenders, alongside selling Renewable Energy Certificates (RECs). The Luang Prabang hydropower project construction is 65% complete as of the end of 2025 and is expected to achieve commercial operation (COD) as planned in 2030.
CKPower is committed to supporting and driving innovation in energy efficiency, improving power generation performance, and raising energy conservation awareness across the value chain. This aims to promote business growth balanced with energy security, appropriate returns, and sustainable environmental care. The company also supports reducing dependence on fossil fuels and transitioning to a low-carbon energy system, moving towards the goal of net-zero greenhouse gas emissions by 2050.