Thai Industrial Authority Launches 17.5 MW Solar Farm at Map Ta Phut Port
A joint venture between Thailand's Industrial Estate Authority and private energy companies will develop a 17.5-megawatt solar farm on unused industrial land at Map Ta Phut Port, supplying clean energy to area manufacturers and supporting t
The Industrial Estate Authority of Thailand (IEAT) has announced a joint venture with Gulf1 Limited (part of Gulf Development Public Company) and Global Power Synergy Public Company (GPSC) to establish Reenergy Limited. The company will operate a solar power project on a 92-rai silt pond in the Map Ta Phut Industrial Port Development Project Phase 3, with an installed capacity of 17.5 megawatts.
According to Sumet Tantpreseert, IEAT Governor, the project will convert unused land into clean energy for the industrial sector, reducing carbon emissions and supporting the shift toward net zero economy. Chaiyasak Chuencham, GPSC's Chief Executive Officer, stated the solar farm will supply clean energy to industries in the Map Ta Phut area, supporting carbon reduction and energy stability. Anwayporn Prakobnaipakao, GULF1's Managing Director, noted the partnership combines strengths in renewable energy, land utilization, and industrial value creation, with GULF1 supporting design, development, construction, and long-term operations.
The ownership structure consists of GULF1 holding 37.5%, GPSC 37.5%, and IEAT 25%. The 17.5 MWp solar installation will provide industrial operators with access to green energy, help meet ESG standards, and support Thailand's low-carbon transition. The project will also generate revenue for IEAT through dividends, water surface rights compensation, and utility service fees over its operational period.
