Berde Renewables and PSS Form JV to Support Clean Energy Transition in Thailand

Berde Renewables Inc., a distributed renewable energy portfolio company of I Squared Capital, and Power Systems and Solutions Co. Ltd. (PSS), a renewable developer and EPC with 105MW of experience in Thailand, have announced a joint venture aimed at supporting the clean energy transition in Thailand and the broader Asia-Pacific region.

This collaboration will develop and deploy solar photovoltaic, battery storage, and hybrid energy solutions to support the growing demand for sustainable power in industrial, commercial, and grid-scale applications. The joint venture will start with operating assets of 18.9 MWp, 30 MWp under construction, and 170 MWp in the pipeline, with a goal to develop, own, and operate 300MW of renewable projects over the next three years.

The joint venture combines Berde Renewables’ clean energy technologies with PSS Group’s expertise in engineering, oil and gas, power, renewables, and industrial service businesses. Together, the companies will provide integrated solutions that enhance energy efficiency, asset management, and extend the lifespan of key infrastructures across Thailand’s renewable energy market.

"The energy transition demands bold action and strong partnerships. This joint venture strengthens Thailand’s renewable energy landscape by combining PSS’s deep market expertise with ISQ/Berde’s global expertise. Together, we are not just deploying megawatts—we are shaping a resilient, scalable, and bankable clean energy future for the region organically & inorganically.” – Sam Yamdagni, Founder and CEO of PSS Group.

“This partnership is key to advancing our vision of accelerating the global transition to renewable energy,” said Morris Zhou, Co-founder of Berde Renewables Inc. “By combining our strengths, we aim to deliver innovative, world-class renewable energy solutions and empower organizations and industry leaders to drive decarbonization and sustainability, shaping a greener future,” he added.

As Southeast Asia increasingly focuses on clean energy to meet rising demand and combat climate change, this partnership will play a pivotal role in supporting the region’s energy objectives and driving innovation in the renewable energy sector. With a strong pipeline of utility-scale projects, corporate power purchase agreements (PPAs), and grid-stabilizing solutions, Berde Renewables and PSS are ready to expand operations across the region. Businesses and stakeholders interested in strategic partnerships are encouraged to reach out and partner us in our decarbonization & energy transition.