Gulf Development Public Company Limited (GULF), led by Mr. Sarath Ratanavadi (3rd from left), Chief Executive Officer, has officially signed a Wind Turbine Supply Agreement with Goldwind International (Hong Kong) Limited and a Wind Turbine Construction Agreement with Goldwind International (Thailand) Limited. These agreements are for GULF’s four wind farm projects with a total contracted capacity of 286 megawatts (MW), which are scheduled to commence commercial operation in 2027. Mr. Cao Zhigang (4th from left), Vice Chairman and President, Goldwind Group, also participated in the signing ceremony.
Goldwind International (Hong Kong) Limited and Goldwind International (Thailand) Limited are subsidiaries of Goldwind Science & Technology Co., Ltd (Goldwind Group), a company listed on both the Shenzhen and Hong Kong stock exchanges and a global leader in comprehensive wind energy solutions. Their expertise spans the design, manufacturing, and installation of onshore and offshore wind turbines, as well as maintenance and clean energy asset management services. The company boasts a strong business network and project experience across Asia, Europe, America, Africa, and Australia. Goldwind has also been actively involved in the development of multiple wind energy projects in Thailand, where it has established a service center to provide comprehensive and efficient support and care for its customers.
Goldwind will supply wind turbines for GULF’s four wind farm projects in Thailand with a total contracted capacity of 286 MW, with one project (78 MW) in which GULF holds a 100% indirect stake through its subsidiary, Gulf Renewable Energy Company Limited (GRE). The remaining three projects (208 MW combined) are joint ventures with Alpha Energy Holding Co., Ltd., where GRE holds a 60% stake. The four wind power projects are scheduled for commercial operation in 2027.
The signing of this agreement aligns with GULF’s strategy to secure high-quality wind turbine technology from internationally recognized and specialized partners, particularly in advanced renewable energy technology, to continuously enhance renewable energy efficiency. This collaboration underscores GULF’s commitment to selecting the best available technology to drive its business forward while fostering social and environmental sustainability. Furthermore, this agreement marks a significant step for the company’s goals to increase its renewable energy portfolio to at least 40% of its total power generation capacity by 2035 and achieve net zero emissions by 2050. This initiative is in line with the government’s policy to promote clean energy for sustainable national development.
