Renewable Energy

Driving energy transition towardNet Zero 2050

GULF invests in and operates various renewable power projects to support greenhouse gas reduction and long-term energy transition, including solar power, wind power, hydroelectric power, biomass, and waste-to-energy. Our goal is to reduce our scope 1 emissions intensity by 25% by 2030 (compared to our 2019 baseline). As we aim to increase the share of renewables to 40% of total gross installed capacity, GULF targets to achieve Net-zero scope 1 and 2 emissions by 2050.

Solar Power

We invest in various solar energy projects across Thailand, including solar farms, solar farms with battery energy storage systems (BESS), and solar rooftops.

Total capacity 0 MW
In operation 0 MW
Under development 0 MW

Solar Farms

Total installed capacity 0 MW
In operation 0 MW
Under development 0 MW

Solar Farms with BESS

Total installed capacity 0 MW
In operation 0 MW
Under development 0 MW

Solar Rooftop Projects (VSPP – Very Small Power Producer)

All in operation, selling electricity to PEA

Total installed capacity 0 MW

Solar Rooftop Projects under GULF1

GULF1 projects sell electricity to industrial users through PPAs with an average term of 15 years, continuously expanding its solar rooftop customer base.

Total installed capacity 0 MW

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Wind Power

GULF’s onshore wind power in Thailand comprises 13 projects. Of these, 3 projects under the GGC joint venture are in operation, selling electricity to EGAT and PEA under 5-year PPAs which can be renewed. The remaining projects are under development and will sell electricity to EGAT under 25-year PPAs.

Total capacity 0 MW
In operation 0 MW
Under development 0 MW

Hydroelectric Power

GULF has been developing 3 run-of-river hydroelectric power projects in the Mekong River Basin in Lao PDR for future electricity supply to Thailand. All projects entered into the PPAs with EGAT, expecting a scheduled commercial operation during 2030-2033. As a run-of-river type without reservoir, the projects utilize natural flow rate of water to generate electricity, ensuring no impact on the Mekong River’s natural water flow.

Under development 0 MW

Waste-to-Energy Projects

GULF invests in waste-to-energy initiatives in Thailand, integrating waste management, fuel preparation and renewable electricity generation.

Total capacity 0 MW
In operation 0 MW
Under development 0 MW

Municipal Waste-to-Energy Project

Located in northern part of Thailand, the project is in operation and sells electricity to PEA with a 20-year PPA

Total capacity 0 MW

Industrial Waste-to-Energy Projects

The industrial waste-to-energy in Thailand comprises 12 projects with a total capacity to dispose non-hazardous industrial waste approximately 2,400-3,000 tons per day. All projects are scheduled to commence in 2027.

Total capacity 0 MW

Solid Recovered Fuel (SRF)

As a portfolio of GULF’s industrial waste-to-energy, the production of SRF is to secure and manage the industrial waste to supply as fuel to 12 industrial power plants. The projects plan to SCOD within beginning of 2027.

Total installed capacity 0 tons per day

Biomass Power

GULF’s biomass small power producer located in the southern part of Thailand is in operation and sells electricity to EGAT. Wood chips are used as fuel for power generation.

Total installed capacity 0 MW