ADB backs $350 million for three solar-plus-storage projects in Thailand

The Asian Development Bank (ADB) has approved a $350 million loan to Gulf Renewable Energy to build 194 MW of solar capacity, including two battery-integrated projects, in central Thailand.The Asian Development Bank has signed off a $350 million loan to finance the construction of three solar projects in Thailand. The loan facility is being delivered to Bangkok-headquartered developer Gulf Renewable Energy Co. Ltd., a subsidiary of holding company Gulf Development Public Co. Ltd. (GULF), to develop two solar-plus-storage projects with a combined capacity of 126 MW of solar and 151 MWh of storage, ...

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