Gulf Development Unit Buys 50% Stakes in 12 Thai Renewable Energy Projects for THB 466.5 Million

Bitget2026/10/29 11:50

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Gulf Development's wholly owned Gulf Renewable Energy acquired 50% stakes in Thai renewable energy project entities for approximately THB 466.5 million.
The investment alongside Gunkul Engineering covers 12 projects totaling 673.4 MW, with 336.7 MW attributable to the subsidiary.
The portfolio comprises six solar projects totaling 209.4 MW and six wind projects totaling 464 MW.
All projects have 25-year power purchase agreements with the Electricity Generating Authority of Thailand, with commercial operations scheduled for 2027–2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gulf Development pcl published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gulf Development Unit Buys 50% Stakes in 12 Thai Renewable Energy Projects for THB 466.5 Million

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