Gulf Energy Development Public Company Limited and the Electricity Generating Authority of Thailand (EGAT) have signed 25 Power Purchase Agreements (PPAs) for 12 solar projects in the country. These projects include five solar farms with a combined capacity of 259.6 MW and seven solar farms with battery energy storage systems (BESS) with a combined capacity of 385.2 MW. The projects are expected to commence commercial operation between 2026 and 2029.
Additionally, Gulf Energy Development has also signed PPAs for 24 solar power projects with a total contracted capacity of 1,294.1 MW. This includes 13 solar farms and 11 solar farms with BESS, which are expected to commence commercial operations from 2024 to 2029.