It will spend 29 billion baht to build wind farms and 17 billion baht to develop solar projects, Energy Absolute chief financial officer Amorn Sapthaweekul told Bloomberg.

The Bangkok-listed company currently operates eight wind farms with a total capacity of 386MW.

It is now developing 260MW of wind at five sites in Chaiyaphum province in northeastern Thailand. It plans to finish 45MW and 48MW projects in the province by March 2017, followed by 42MW and 45MW sites in August 2017 and an 80MW installation in December of that year, according to its website.

It