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Bangkok Post
Bangkok Post
Business

Gulf moves into UK with investment in offshore wind farm

Gulf United Kingdom Gulf Energy Development GIG Yupapin Wangviwat Thailand TotalEnergies

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.

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