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Absolute Clean Energy PCL ACE.BK · THB

Utilities · SET · 🇹🇭 Thailand

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1.28

-0.78%

Close of 9 Nov 2026, in THB

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About Absolute Clean Energy PCL

Its shares trade on SET under the ticker ACE.BK. It has been listed since 13 November 2019. In the fiscal year to 31 December 2025, it reported revenue of THB 6.55bn and net income of THB 798.6m. At that date it held total assets of THB 25.65bn and shareholders' equity of THB 16.41bn.

Absolute Clean Energy PCL is a holding company, which engages in the operation of biomass, municipal solid waste, natural gas, and solar energy power plants. The company is headquartered in Bangkok, Bangkok Metropolis. The company went IPO on 2019-11-13. The firm produces and distributes electricity from renewable energy. The Company’s principal business operations are operating biomass, municipal solid waste, natural gas and solar energy power plants. The Company’s principal business operation is investing in Asia Clean Energy Company Limited. Asia Clean Energy Company Limited invests in 19 subsidiaries. The firm operates through four segments: biomass power plants, municipal solid waste power plants, natural gas power plant and solar energy power plants. Its projects include Ban Bueng Power Plant, Mueng Buriram Power Plant, Don Mon Power Plant, MSW Khon Kaen Power Plant, MSW Krabi Power Plant, Koh Khanun Clean Energy, Solar Rooftop 1 Project, Solar Rooftop 2 Project, Solar Rooftop 1 Project (Extension) and other.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Utilities
Industry
Independent Power and Renewable Electricity Producers
Listed since
13 Nov 2019
Employees
858

Leadership

Pay as last reported

  • Mr. Monton SudprasertIndependent Chairman of the BoardTHB 510,000
  • Mr. Tanachai BunditvorapoomChief Executive Officer, Executive Director, since 2018THB 285,000
  • Mr. Tanavijit AnkapipatchaiChief Financial Officer, Executive Director, since 2015THB 265,000
  • Mr. Pornmett SongmettaChief Operating Officer, Executive Director, since 2018THB 285,000
  • Mr. Teerawut SongmettaChief Executive Technology and Innovation Officer, Executive Director, since 2015THB 285,000
  • Ms. Sadudta NavaskulVice President - Finance and Accounting
  • Ms. Jiratha SongmettaExecutive Director, since 2015THB 685,000
  • Pol. Gen. Dr. Adul NarongsakExecutive DirectorTHB 160,000
  • Ms. Wannee SukpiboonrutAccounting Manager
  • Mr. Chainat BuathongCompany Secretary, Legal & Regulatory Compliance Director
  • Mr. Nuekrak BaingernIndependent DirectorTHB 605,000
  • Ms. Chonticha ChitrarpornIndependent DirectorTHB 575,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
65
Environment
66
Social
83
Governance
45
Direct emissions (scope 1)
44,892.6 t
Energy emissions (scope 2)
4,789.4 t
Value chain emissions (scope 3)
5.67 t
Women in the workforce
22.94713%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Operates multiple renewable energy power plants including biomass, municipal solid waste, natural gas, and solar energy.
  • Has a diverse portfolio of projects such as Ban Bueng Power Plant and MSW Khon Kaen Power Plant.
  • Employs 858 full-time employees and is headquartered in Bangkok.

Weaknesses

  • Relies on a single holding company structure for operations.
  • Dependent on Asia Clean Energy Company Limited for investments.
  • Limited information on financial performance or market share provided.

Opportunities

  • Expansion into additional renewable energy sectors within Thailand.
  • Potential growth in the renewable energy market in Asia.
  • Increased investment in solar rooftop projects could enhance revenue streams.

Threats

  • Competition from other renewable energy providers in Thailand.
  • Regulatory changes affecting renewable energy operations.
  • Dependence on specific power plant projects for revenue generation.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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