Charoen Pokphand Foods Public Company Limited (CP Foods) will increase the installation of solar panels at 180 animal farms, feed mills, and processing plants across Thailand, with a total capacity of 65 MW by 2023
Peerapong Krinchai, Executive vice president of Corporate Engineering at CP Foods, reveals that the company continually promotes solar energy at its operations in all forms, including solar rooftop, solar farm, and solar floating, in an effort to transition to food production that utilises renewable energy. This complies with the company’s commitment to increase the proportion of renewable energy consumption in its supply chain and strive toward to a net-zero goal.
So far, CP Foods has already completed installing solar energy systems in their second phase. In the first phase, solar panels were installed on the rooftops of 27 factories, while 10 solar farms and 2 floating solar sites were installed in additional operations for the second phase. The company is currently in the third phase, with plans to install solar rooftop and solar floating systems at an additional 67 operations and to set up solar panels on more than 80 locations in the fourth phase.
By 2025, approximately 34 operations of aquaculture business from more than 180 operations, including shrimp farms, aquafeed mills, and food processing plants across Thailand, will have installed solar panels to generate electricity for its operations. This initiative will help the company reduce greenhouse gas emissions from its production by about 44,000 tons of CO2 equivalents.
The company aims to maximise the proportion of renewable energy consumption in its value chain to 50% by 2030 and to become a food company that utilises 100% renewable energy across its value chain. Currently, the company's renewable energy utilisation in its food value chain accounts for 30% of total energy consumption. This is comprised of energy from biogas 30%, biomass energy 68% and solar energy 2%, which helps mitigate 600,000 tons of GHG carbon dioxide equivalent or planting 64 million trees on 320,000 rai of land.
In addition, CP Foods has announced its commitment to Science Based Target initiatives (SBTi), with the net zero goals by 2050 to limit the global average temperature rise of 1.5°C.