SET-listed Gulf Energy Development, Thailand’s largest power producer by market value, continues to seek new business opportunities overseas with its latest investment in the development of a 1,500-megawatt offshore wind farm project in the UK.
The investment marks Gulf’s first business expansion in the UK, in line with its plan to focus more on renewable energy.
Gulf acquired a 24.99% indirect equity stake in the Outer Dowsing Offshore Wind Project, located off the Lincolnshire coast in eastern England.
The facility, which is in the early stages of development, is being built by France-based TotalEnergies and Corio Generation, the offshore wind farm business unit owned by Green Investment Group (GIG).
Gulf bought the shares from GIG through a joint venture, established by Gulf’s wholly-owned Gulf International Holding Pte and GIG.
Gulf International Holding…
