#GCFDL Provides $350M Funding for 135MW Solar Project in Thailand

Hong Kong, January 30, 2025

General Credit Finance and Development Limited (GCFDL) (https://www.gcfdl.com), a leading global project finance firm, has announced $350 million in funding for a 135MW solar power project in Phuket, Thailand. The project, developed and owned by China Power Engineering Consulting Group Co Ltd, marks a significant step in Thailand’s renewable energy transition.

The Phuket Solar Power project is part of Thailand’s broader strategy to enhance its renewable energy capacity and ensure a reliable electricity supply for the future. China Power Engineering Consulting Group Co Ltd, a leader in energy infrastructure, has a proven track record in Thailand, including the successful delivery of the 70MW Wattanachai Safety Glass Site Solar PV Park, operational since 2022.

Project & Partnerships
The project brings together industry leaders, including China National Technical Import and Export Corporation (CNTIC), one of the world’s largest engineering firms, and Singyes Green Energy Technologies (HK) Ltd., a rapidly growing engineering, procurement, and construction (EPC) company in Asia.

“Our partnership with CNTIC, a global leader in engineering and project management, strengthens our commitment to financing sustainable energy solutions,” said Simeon Wong, Project Manager at GCFDL. “This investment will contribute to Thailand’s goal of developing reliable, renewable power sources and this collaboration underscores our commitment to advancing sustainable energy solutions in the region.”

Thailand’s Solar Energy Potential
Thailand boasts significant solar energy potential, particularly in the southern, northern, and northeastern regions, including Udon Thani Province. Approximately 14.3% of the country experiences daily solar exposure of 19–20 MJ/m²/day, while 50% of the country receives 18–19 MJ/m²/day. Despite this potential, renewable energy accounts for only 16% of Thailand’s electricity generation, with solar and wind contributing just 4.7%. This places Thailand below the global average (13%) and behind neighboring countries like Vietnam (13%).

About General Credit Finance and Development Limited (GCFDL)

General Credit Finance and Development Limited (GCFDL) is a trusted bank guarantee provider, SBLC provider, and global project finance firm. With 52 years of expertise and strong banking partnerships with CNTIC, HSBC, Credit Suisse, and Barclays, GCFDL specializes in trade finance, business loans, and SBLC monetization to help businesses secure funding and drive growth.

Website: https://www.gcfdl.com   || Email: info@gcfdl.com