GULF secures THB 60 billion, or approximately USD 1.9 billion, to invest in renewable energy power projects with a total contracted generation capacity of 939 MW

2026-02-10 - 05:25

BANGKOK, Feb. 10, 2026 (GLOBE NEWSWIRE) -- Gulf Development Public Company Limited (GULF), Thailand’s leading power and infrastructure conglomerate, has successfully secured THB 60,000 million in loan facilities to accelerate the development of 27 renewable energy projects. Led by CEO Mr. Sarath Ratanavadi and CFO Ms. Yupapin Wangviwat , the financing—channeled through GULF’s renewable energy and waste-to-energy subsidiaries—supports a 939 MW portfolio consisting of 15 solar and Solar BESS projects (843 MW) and 12 industrial waste-to-energy plants (96 MW). This landmark financing underscores GULF’s commitment to achieving Net Zero by 2050. The signing ceremony was graced by H.E. Dr. Angela Macdonald, Australian Ambassador to Thailand, and H.E. Ping Kitnikone, Canadian Ambassador to Thailand, alongside senior executives from partner lending institutions. Read More