Gunkul Engineering Public Company Limited (SET: GUNKUL) has informed the Stock Exchange of Thailand that the company, through its wholly-owned subsidiaries, has entered into additional Power Purchase Agreements (PPAs) as part of the procurement of renewable energy under the Feed-in Tariff (FiT) program for the year 2022–2030. This program, overseen by the Energy Regulatory Commission (ERC), is designated for fuel-free renewable energy sources.
In reference to the ERC’s announcement dated 5th April 2023 regarding the list of selected electricity producers under the aforementioned FiT program, the company had previously submitted proposals and was selected to participate under said announcement.
On 25th July 2025, two wholly-owned subsidiaries of GUNKUL, namely Gunkul Power 3 Co., Ltd. and Gunkul Power 5 Co., Ltd., executed PPAs with the Electricity Generating Authority of Thailand (EGAT) for two wind farm projects, each with a contracted capacity of 90 megawatts, totaling 180 megawatts. The PPAs are for a period of 25 years with a FiT rate of THB 3.1014 per kilowatt-hour.
Including these two projects, GUNKUL and its group have now signed PPAs for a total of 17 renewable energy farm projects with an aggregate contracted capacity of 832.4 megawatts, comprising of Wind farm projects totaling 180.0 megawatts, Solar farm projects totaling 568.8 megawatts, and Ground-mounted solar farm projects with battery energy storage systems totaling 83.6 megawatts.
These projects are scheduled to gradually commence commercial operations from 2026 onwards. As a result, Gunkul’s green energy portfolio currently amounts to 1,260.0 megawatts.
