GULF successfully financed three wind power projects totaling 208 MW across Thailand (Mukdahan, Chumphon, Prachuap Khiri Khan) with 8.6 billion baht in loans from six local and international banks. The 11.7 billion baht investment is structured with GULF holding 60% indirect stake via subsidiary GRE, backed by 25-year power purchase agreements at fixed rates of 3.1014 baht/kWh under Thailand's Feed-in Tariff scheme, with commercial operations targeted for 2027. This signals confidence in Thailand's renewable energy sector and provides a significant clean energy boost to the national grid.
← Back to all articles