Egco Targets 4-5 New Acquisitions As Overseas Expansion Continues
Deal News | Jul 07, 2025 | EIN
In the second half of this year, Egco, the power generation sector of the Electricity Generating Authority of Thailand, aims to secure four to five new mergers and acquisitions as part of its ongoing global expansion strategy. Recently investing in a Taiwanese wind farm, Egco is focusing on expanding its renewable energy portfolio internationally. The Yunlin offshore wind farm in Taiwan, where Egco holds a 26.5% stake, is expected to generate 2 billion baht annually over the first five years. The company is also eyeing US ventures, including a prominent gas pipeline project in Alaska, and has already acquired a 49% share in a portfolio that includes renewable energy assets in Maine and Ohio. These moves align with efforts to bolster its international presence and mitigate potential tariffs from the US.
Sectors
- Energy
- Renewable Energy
- Infrastructure
Geography
- Thailand – Egco is based in Thailand and operates as a major player in the country's energy sector.
- Taiwan – Egco has invested in a significant wind farm in Taiwan, highlighting its expansion into the Taiwanese renewable energy market.
- United States – Egco is exploring new projects in the US, including a major gas pipeline in Alaska and renewable projects in Maine and Ohio.
Industry
- Energy – Egco operates within the energy sector, focusing on electricity generation and renewable energy projects.
- Renewable Energy – The company's acquisitions and projects include wind and solar energy assets, aligning with global trends towards sustainable energy.
- Infrastructure – Egco is involved in developing infrastructure projects such as the gas pipeline in Alaska, showcasing its diversified investment strategy.
Financials
- 2 billion baht per year – Expected annual revenue from Egco's investment in the Yunlin offshore wind farm in Taiwan over the first five years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Egco | Target | Company | Egco is the power generation business arm of the Electricity Generating Authority of Thailand, driving overseas expansion and investment in renewable energy. |
| Yunneng Wind Power Co | Other Company | Company | A joint venture operating the Yunlin offshore wind farm in Taiwan, in which Egco holds a stake. |
| Apex Pinnacle II Member Llc | Other Company | Company | Partnered with Egco in the US for the acquisition of a 49% share in the Pinnacle II Portfolio. |
| Electricity Generating Authority of Thailand | Other Company | Company | Parent company of Egco, involved in Thailand's power generation. |
| Jiraporn Sirikum | President | Person | President of Egco, driving the company's strategic expansion overseas. |