Gulf Development Public Company (GULF) Limited has secured loan facilities worth approximately USD 1.9 billion to support development of 27 renewable energy projects in Thailand with a total contracted capacity of 939 MW.

The portfolio comprises 15 solar and solar plus battery energy storage projects aggregating 843 MW and 12 industrial waste-to-energy plants totalling 96 MW. Of the solar and storage projects, 12 assets with 649 MW capacity are operational, while three projects aggregating 194 MW are scheduled for completion in 2026. The financing has been arranged through the company’s renewable energy and waste-to-energy subsidiaries with support from a syndicate of international and domestic lenders, including the Asian Development Bank, Asian Infrastructure Investment Bank and Sumitomo Mitsui Banking Corporation.