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GULF secures 8.6 billion loan for 208MW wind power projects

GULF secures 8.6 billion loan for 208MW wind power projects

Prachachat•Economy•2d ago

Reader Briefing

GULF has secured a 8.6 billion baht loan from six financial institutions to develop three wind power projects with a combined capacity of 208 megawatts.

•GULF signed loans totaling 8.6 billion baht to support a total investment of 11.7 billion baht.
•Three wind power projects are involved: Isan Clean Energy, Alpha One, and Alpha Two.
•The projects have a combined installed capacity of 208 megawatts.
•The projects are scheduled to begin commercial operations in 2027.

Overview

•GULF signed loan agreements with six financial institutions totaling 8.6 billion baht.
•The total investment for the three wind power projects is 11.7 billion baht.
•The Isan Clean Energy project in Mukdahan province has an installed capacity of 90 megawatts.
•The Alpha One project in Chumphon province has a capacity of 48 megawatts.
•The Alpha Two project in Prachuap Khiri Khan province has a capacity of 70 megawatts.
•The projects operate under the Feed-in Tariff (FiT) 2022-2030 regulations for groups without fuel costs.
•Three joint venture companies signed power purchase agreements with the Electricity Generating Authority of Thailand at a fixed rate of 3.1014 baht per kilowatt-hour for 25 years.
•The wind power projects are scheduled for commercial operation in 2027.

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Key Entities

Organization

GULF

A company developing three wind power projects and securing loans from six financial institutions.

Siam Commercial Bank Public Company Limited(ธนาคารไทยพาณิชย์ จำกัด (มหาชน))

One of the six financial institutions providing loan support to GULF.

Bank of Ayudhya Public Company Limited(ธนาคารกรุงศรีอยุธยา จำกัด (มหาชน))

One of the six financial institutions providing loan support to GULF.

Government Savings Bank(ธนาคารออมสิน)

One of the six financial institutions providing loan support to GULF.

TMBThanachart Bank Public Company Limited(ธนาคารทหารไทยธนชาต จำกัด (มหาชน))

One of the six financial institutions providing loan support to GULF.

Sumitomo Mitsui Banking Corporation Singapore Branch(Sumitomo Mitsui Banking Corporation สาขาสิงคโปร์)

One of the six financial institutions providing loan support to GULF.

Bank of China Hong Kong and Singapore Branches(Bank of China สาขาฮ่องกงและสิงคโปร์)

One of the six financial institutions providing loan support to GULF.

Isan Clean Energy Project(โครงการอีสานพลังงานสะอาด)

A wind power project in Mukdahan province with a capacity of 90 megawatts.

Alpha One Project(โครงการอัลฟ่า วัน)

A wind power project in Chumphon province with a capacity of 48 megawatts.

Alpha Two Project(โครงการอัลฟ่า ทู)

A wind power project in Prachuap Khiri Khan province with a capacity of 70 megawatts.

Electricity Generating Authority of Thailand (EGAT)(การไฟฟ้าฝ่ายผลิตแห่งประเทศไทย (กฟผ.))

The entity that signed power purchase agreements with the three joint venture companies.

Place

Mukdahan Province(จังหวัดมุกดาหาร)ℹ️

The location of the Isan Clean Energy project.

Chumphon Province(จังหวัดชุมพร)ℹ️

The location of the Alpha One project.

Prachuap Khiri Khan Province(จังหวัดประจวบคีรีขันธ์)ℹ️

The location of the Alpha Two project.

Policy

Feed-in Tariff (FiT) 2022-2030(Feed-in Tariff หรือ FiT ปี 2565-2573)

The electricity purchasing regulation for renewable energy without fuel costs under which the projects operate.

GULF secures 8.6 billion loan for 208MW wind power | thailandedition