On November 8th, Huasun Energy and Grow Energy, the renowned Thai EPC company, signed a framework agreement for providing 150MW heterojunction (HJT) modules in Bangkok. Jacky Chan, Director of Overseas Sales and Project Development at Huasun Energy, and Suttirote, General Manager of Grow Energy, signed a memorandum of understanding (MoU) on behalf of both parties. […]
Thailand’s state utility PTT’s arm invests $233 million in Avaada Energy – EQ Mag
On Wednesday, Global Power Synergy Public Company Limited (GPSC), a subsidiary of Thailand’s state utility PTT, announced that it was increasing its April investment of 233 million, or Rs 1916.7 crore, in Vineet Mittal’s solar energy firm Avaada Energy Pvt Ltd. GPSC, which already holds 42.93% of Avaada Energy Private Ltd (AEPL) has completed its […]
Thailand’s PTT restarts discussions to buy ReNew Power’s solar assets – EQ Mag
Founded by Sumant Sinha in 201, ReNew Power is the Indian arm of Nasdaq-listed ReNew Energy Global Plc Thailand’s state-owned PTT Group has relaunched discussions to buy a 49% stake in solar assets of ReNew Power totalling 3GW, The Economic Times reported on January 6, citing people aware of the matter. Founded by Sumant Sinha […]
Thailand’s CK Power set to double in size through 2.8GW renewables investment – EQ Mag Pro
Aims to grow with global energy trend and plans to invest outside Thailand in three new renewables-based ventures. Supports national policy to reduce carbon footprint in long-term fight against global warming Forecasts nearly all of the company’s electricity to be generated through renewables within only 5 years CK Power Public Company Limited or CKP (SET: […]
Thailand’s Quest to Lead the Region in Renewable Energy – EQ Mag Pro
An increasing commitment to renewable energy has Thailand on course to become a sustainability success story within Southeast Asia – but it wasn’t always this way. As recently as 2010, 90% of Thailand’s electricity supply came from coal and natural gas. By contrast, just 2% came from renewable sources. Thailand’s subsequent decision to invest in […]
China Poised For Thailand’s Solar Move
With its factories and investments in Thailand, China will be increasingly important to the Southeast Asian nation’s transition from fossil fuels. Solar panels in rooftops of buildings in Huangzhou District in Hubei province. In March, Thailand announced it will draft a master plan to reach net zero carbon emissions. Though it has not set a […]
Thailand’s GPSC Acquires Taiwan Offshore Wind Stake For US$500 Million
CIP funds to remain majority owners of 595MW project due to start commercial operations in 2024. Bangkok-listed Global Power Synergy Public Company Limited (GPSC) has acquired a 25% stake in the 595MW Changfang and Xidao (CFXD) offshore wind farms in Taiwan. The Thai company, a subsidiary of state-owned oil and gas group PTT, is paying […]
Thailand’s Global Power System Acquires 41% Stake in Avaada Energy
The acquisition has been made through Global Renewable Synergy Company Ltd, a wholly-owned subsidiary of Global Power Synergy Public Company Limited. Thailand based Global Power Synergy Public Company Limited (GPSP) has bought 41.6 per cent shareholding in Avaada Energy Private Limited at an enterprise value of THB 14,825 million. The acquisition has been made through […]
Thailand’s PTT Buys $453 Million Stake in India’s Avaada
Global Power Synergy Pcl, the listed power unit of Thailand’s state-owned PTT Group, has acquired a stake in Indian renewable energy provider Avaada Energy Pvt for about 14.8 billion baht ($453 million). Global Power completed the purchase of about 41.6% stake in Avaada through subscription of new shares, the company said in a statement late […]
How E-Mobility Can Power Thailand to Net Zero
Thailand’s rich natural resources have been helping driving the country’s economic growth for decades. Minerals — from tin, gypsum, natural gas and coal, not to mention teeming forests — have been exploited and minted many businessmen in the kingdom. Yet, there is something rarely tapped into, despite being relatively cheap and abundant, and that is […]