Global Renewable Synergy Company has boosted its share in the Indian solar energy market via an acquisition. GRSC, a wholly-owned subsidiary of Thailand-based electric energy company Global Power Synergy Public Company (GPSC), has purchased shares in Indian solar energy company Avaada Energy Private. Latham & Watkins acted as legal counsel to GRSC, using a team […]
Thailand’s GPSC Acquires Taiwan Offshore Wind Stake For US$500 Million
CIP funds to remain majority owners of 595MW project due to start commercial operations in 2024. Bangkok-listed Global Power Synergy Public Company Limited (GPSC) has acquired a 25% stake in the 595MW Changfang and Xidao (CFXD) offshore wind farms in Taiwan. The Thai company, a subsidiary of state-owned oil and gas group PTT, is paying […]
Thai Power Firm GPSC Invests $500 Million For 25% of Taiwan Wind Farm
“The Changfang and Xidao (CFXD) project will be installed in two phases. The first 96 MW (megawatt) phase is expected to achieve first power in 2022 and the second 499 MW phase in 2023,” GPSC chief executive Worawat Pitayasiri said. Thai energy company, Global Power Synergy Pcl (GPSC), on Thursday said it had acquired a […]