Thailand's largest private power company, Gulf Energy Development, is continuing to expand its footprint in the solar energy sector. On Thursday (12/21), the company signed a 25-year power purchase agreement with the Electricity Generating Authority of Thailand (EGAT). This agreement commits Gulf Energy Development to the development of 12 additional solar power plants, with the earliest expected to be operational by 2024.
These 12 solar power plants will be operated by Gulf Renewable Energy, a wholly-owned subsidiary of Gulf Energy Development. Among them, 5 plants will have a contracted installed capacity of 259.6 MW, while the remaining 7 will be equipped with energy storage systems, with a contracted installed capacity of 385.2 MW.
