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GPSC spends B16 3bn on two wind farm projects

Global Power Synergy Plc (GPSC), a power generation arm of national oil and gas conglomerate PTT Group, continues to expand its renewable energy business by spending US$500 million (16.3 billion baht) to acquire a 25% share in the Changfang and Xidao (CFXD) offshore wind farm projects in Taiwan. The move marks GPSC s first investment in an offshore wind project, which will allow the company to expand its expertise in advanced construction technology as well as innovative wind turbine technology. The share purchase agreement was signed online yesterday between GPSC-owned subsidiary, Global Renewable Synergy Co, and offshore wind farm developer Copenhagen Infrastructure Partners, which represents the Copenhagen Infrastructure II K/S (CI-II) and Copenhagen Infrastructure III K/S (CI-III) funds.

Glasgow-based giant bids for windfarm licences with Shell

BP is working with German energy firm Energie Baden-Wuerttemberg (EnBW). France’s TotalEnergies said last month that it would bid for ScotWind licences with Australian investment bank Macquarie. Equinor of Norway and Scottish Hydroelectric owner SSE are also in the running. Mr Anderson is confident that Glasgow-based ScottishPower will have a good chance of winning licences with Shell. He said: “Bringing ScottishPower and Shell’s collective knowledge, experience and expertise together means we’re perfectly placed to lead the way in developing large-scale offshore floating windfarms and creating a new green industry with massive potential for exporting our skills and experience globally and helping the UK decarbonise its energy generation.”

VIETNAM BUSINESS NEWS JULY 16

VIETNAM BUSINESS NEWS JULY 16
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