GUNKUL Secures 1 Billion Baht Green Loan for Clean Energy
GUNKUL secured a 1 billion baht green loan from LH Bank to fund solar and wind power projects across Thailand and overseas, with plans to expand its renewable energy portfolio to over 2,121 megawatts by 2030.
GUNKUL has partnered with LH Bank to secure a sustainability-linked loan of 1 billion baht for investment in clean energy power plants both domestically and internationally. The company has approximately 1,400 megawatts of projects currently in development and awaiting revenue recognition, with plans to expand its renewable energy portfolio to over 2,121 megawatts to align with Thailand's PDP 2026 roadmap and Net Zero emissions goals.
Gunkul Darngpiyavut, chairman of GUNKUL Engineering, stated that the sustainability-linked loan will enable the company to grow through investment and development of clean energy projects in both Thailand and overseas, including solar and wind power projects scheduled for commercial operation between 2027 and 2030, as well as a floating solar farm in the Philippines targeted for late 2027.
The financing supports GUNKUL's ambition to expand clean energy investment in Thailand in line with PDP 2026, which aims to significantly increase the proportion of power generation from clean energy sources and reflects the company's commitment to sustainable business practices aligned with the country's Net Zero targets.
Mark Chen, CEO of LH Bank's Business Customer Group, emphasized the bank's support for sustainable financing services to entrepreneurs prioritizing environmental impact. GUNKUL, as a clean energy leader with over 40 years of energy engineering experience and a portfolio of more than 2,121 megawatts of renewable energy projects, exemplifies the kind of partnership LH Bank seeks to promote renewable energy adoption and reduce greenhouse gas emissions in line with Thailand's Taxonomy standards.
