Fundraising for 17 Renewable Energy Projects: Gunkul Engineering

Gunkul Engineering Plc, a leading renewables developer and construction company, announced intentions to generate 20.8-25 billion baht (US$607 million-730 million) through fundraising. The raised funds are earmarked for the development of 17 renewable energy initiatives, as part of the government’s 5.2-gigawatt renewable scheme. The company’s chief financial officer, Thitipong Techaratanayuenyong, disclosed the plans.

In the previous year, Gunkul Engineering participated in an auction held by the Energy Regulatory Commission, submitting proposals for 27 projects. The company was successful in securing the rights to develop 17 of these, representing a combined power generation capacity of 832.4 megawatts.

The company has already signed 25-year power purchase agreements with the Electricity Generating Authority of Thailand (EGAT) for eight of these 17…