The Industrial Estate Authority of Thailand (IEAT), together with Gulf 1 Company Limited (GULF1), a subsidiary of Gulf Development Public Company Limited (GULF), and Global Power Synergy Public Company Limited (GPSC), has signed a shareholders’ agreement to establish “RenerGIE Company Limited.” The joint venture will develop a solar power project on a silt pond area within the Map Ta Phut Industrial Port Development       Phase 3 project. This collaboration marks a significant partnership between the public and private sectors in driving Thailand’s green energy agenda, enhancing the competitiveness of the country’s industrial sector, and supporting national targets for Carbon Neutrality and Net Zero greenhouse gas emissions.

Under the joint venture structure, Gulf 1 Company Limited (GULF1) holds a 37.5% stake, Global Power Synergy Public Company Limited (GPSC) holds 37.5%, and the Industrial Estate Authority of Thailand (IEAT) holds 25.0%. The project will install a solar power generation system on a 92-rai silt pond area, with a total installed capacity of 17.5 MWp. Beyond transforming an underutilized area into a source of clean energy, the project will enable operators within the Map Ta Phut Industrial Estate to access green electricity, reduce greenhouse gas emissions in line with ESG objectives, and contribute to Thailand’s transition toward a low-carbon economy. In addition, the project is expected to generate sustainable revenue for IEAT through dividend income, water surface utilization fees, and utility service fees throughout the project term.

Share this News: