GCFDL Invests $350 Million in Thai Solar Project “`

General Credit Finance and Development Limited (GCFDL), a leading global project finance firm, has committed $350 million to fund a 135MW solar project in Thailand. Developed and owned by China Power Engineering Consulting Group Co Ltd, this Phuket Solar Power project represents a significant advancement in Thailand’s renewable energy goals.

The project aligns with Thailand’s broader strategy to increase renewable energy capacity and ensure a secure electricity supply. China Power Engineering Consulting Group Co Ltd, a prominent player in energy infrastructure, has a successful track record in Thailand, including the operational 70MW Wattanachai Safety Glass Site Solar PV Park since 2022.

Project & Partnerships 
The project involves collaboration with key industry players, including one of the world’s leading engineering firms, and Singyes Green Energy Technologies (HK) Ltd., a rapidly expanding EPC company in Asia.

“Our collaboration with CNTIC, a global leader in engineering and project management, reinforces our dedication to sustainable energy finance,” stated Simeon Wong, Project Manager at GCFDL. “This investment will support Thailand’s aim of developing reliable, renewable energy sources, and this partnership highlights our commitment to advancing sustainable energy solutions in the region.”

Thailand’s Solar Energy Potential
Thailand possesses substantial solar energy potential, especially in its southern, northern, and northeastern regions, including Udon Thani Province. A significant portion of the country (approximately 14.3%) experiences daily solar irradiation of 19-20 MJ/m²/day, while 50% receives 18-19 MJ/m²/day. Despite this potential, renewable energy only accounts for 16% of Thailand’s electricity generation, with solar and wind contributing a mere 4.7%. This lags behind the global average (13%) and neighboring countries such as Vietnam (13%).

About General Credit Finance and Development Limited (GCFDL)

General Credit Finance and Development Limited (GCFDL) is a reputable bank guarantee provider, financial advisor, and global project finance firm. With 52 years of experience and robust banking partnerships with CNTIC, HSBC, Credit Suisse, and Barclays, GCFDL specializes in project finance, business loans, and SBLC monetization to facilitate business funding and growth.

Website: https://www.gcfdl.com   || Email: info@gcfdl.com

Media Contact

General Credit Finance and Development Limited

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Source :General Credit Finance and Development Limited (GCFDL)