Gunkul Engineering, a renewable energy developer and constructor, and Origin Property — both SET-listed companies — are forming a joint venture to install rooftop solar panels and directly sell electricity at inexpensive rates to households in residential areas. The new business aims to provide clean energy to homeowners as well as raise awareness about global […]
Project sale to help fuel Gunkul’s output aim
SET-listed Gunkul Engineering Plc has disposed of its Iwakuni solar power plant project in Japan by selling the entire investment in East Japan Solar 13 Godo Kaisha, valued at 2.86 billion baht, as it pursues other investments that promise a higher and faster rate of return. Gunkul’s subsidiaries — Gunkul International (Mauritius) and Tokyo-based investment […]
Gunkul in $39.9m Vietnam solar deal
Gunkul Engineering Plc has taken over a solar farm in Vietnam at a cost of US$39.9 million, or 1.26 billion baht, to rack up revenue in renewable energy businesses it believes have high growth potential. The firm became the sole owner of Vietnam-based Doan Son Thuy Investment JSC (DST) and is ready to operate 50-megawatt […]
Gunkul targets Vietnam solar farms worth B5bn
SET-listed Gunkul Engineering Plc is negotiating asset acquisition deals worth 5 billion baht with three solar farm operators in Vietnam, aiming to expand the company’s renewable energy business. The deals are expected to conclude no later than early 2021, said Sopacha Dhumrongpiyawut, president and chief executive of Gunkul, a maker of electrical equipment and a […]