PTT Public Company Limited (PTT) announced that the Board of Directors of Alpha Com Company Limited (Alpha Com) (a wholly owned subsidiary of PTT) at the meeting on 11 October 2021 approved the establishment of ReAcc Co., Ltd. (ReAcc) which is 100% owned by Alpha Com, with the registered capital of Baht 29,000,000.
The objective of the company establishment is to be the trading platform for clean energy and climate neutrality through the digital platform for the companies, which have targets and needs to procure renewable energy, to be able to easily access those energy sources.
The main services of the platform include trading of renewable energy certificates (RECs), tendering platform for Corporate Power Purchase Agreement (CPPA), and utilization of renewable energy for electric vehicles.
This business development is in line with PTT’s New S-Curve of investment in renewable energy. ReAcc completed its registration on 29 November 2021.