GULF secures THB 60 billion, or approximately USD 1.9 billion, to invest in renewable energy power projects with a total contracted generation capacity of 939 MW

BANGKOK, Feb. 10, 2026 /PRNewswire/ -- Gulf Development Public Company Limited (GULF), Thailand's leading power and infrastructure conglomerate, has successfully secured THB 60,000 million in loan facilities to accelerate the development of 27 renewable energy projects. Led by CEO Mr. Sarath Ratanavadi and CFO Ms. Yupapin Wangviwat, the financing—channeled through GULF's renewable energy and waste-to-energy subsidiaries—supports a 939 MW portfolio consisting of 15 solar and Solar BESS projects (843 MW) and 12 industrial waste-to-energy plants (96 MW). This landmark financing underscores GULF's commitment to achieving Net Zero by 2050. The signing ceremony was graced by H.E. Dr. Angela Macdonald, Australian Ambassador to Thailand, and H.E. Ping Kitnikone, Canadian Ambassador to Thailand, alongside senior executives from partner lending institutions.

The 15 solar and Solar BESS projects, representing a total investment of over THB 43,000 million (USD 1,300 million), are set to deliver a combined 843 MW. To date, 12 projects (649 MW) have successfully commenced commercial operations, with the remaining three (194 MW) on track for completion in 2026. This large-scale initiative was financed by a prestigious syndicate of international and domestic lenders. The Asian Development Bank (ADB) served as the Mandated Lead Arranger and Bookrunner, supported by prominent institutions including AIIB, Deutsche Investitions- und Entwicklungsgesellschaft (DEG), Development Finance Institute Canada (FinDev Canada), Export Finance Australia (EFA), the Export-Import Bank of China (CEXIM), Japan International Cooperation Agency (JICA), KEXIM Global (Singapore) (KGS), and several leading Thai commercial banks such as Bangkok Bank, Bank of Ayudhya, Export-Import Bank of Thailand, KASIKORNBANK, Krungthai Bank, and Siam Commercial Bank, alongside Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank (Thai), and DBS Bank.

In parallel, GULF is advancing the circular economy through 12 industrial waste-to-energy projects (96 MW) scheduled for commercial operation in 2027. These facilities offer a sustainable alternative to landfilling by converting industrial waste into clean energy. GULF has secured approximately THB 17,000 million (USD 550 million) in long-term financing for these projects. This funding was provided by a group of development financial institutions, including ADB and AIIB, as well as leading commercial banks such as Siam Commercial Bank, Bank of Ayudhya, TMBThanachart Bank, Sumitomo Mitsui Banking Corporation, Bangkok Branch, and Standard Chartered Bank.

Mr. Sarath Ratanavadi, Chief Executive Officer, GULF, stated: "We would like to express our gratitude to the Multilateral Development Banks (MDBs), Development Finance Institutions (DFIs) such as the ADB, as well as leading onshore and offshore commercial banks for their financial support. This success reflects the strong confidence that both local and international financial institutions have in GULF. Currently, GULF has a diverse portfolio of projects under development, encompassing solar farms, solar with BESS, wind farms, hydropower, and waste-to-energy projects. The support from the financial sector reinforces our shared commitment to driving clean energy initiatives, which align with Thailand's decarbonization policy and the national goal of achieving Net Zero Emissions by 2050."

Mr. Aaron Batten, Country Director, Thailand Resident Mission of the Asian Development Bank, said: "As the sole mandated lead arranger and bookrunner for the renewable energy portfolio and the Environmental and Social (E&S) coordinator for the industrial waste-to-energy projects, ADB is proud to anchor this landmark transaction. Our support underscores the critical role of private sector investment in helping Thailand reach its ambitious renewable energy targets. This partnership represents a significant leap forward in the region's journey toward a sustainable energy landscape."

Mr. Kris Chantanotoke, Chief Executive Officer, Siam Commercial Bank Public Company Limited, stated: "Siam Commercial Bank is delighted to support GULF Group in implementing comprehensive sustainability projects, ranging from large-scale renewable energy initiatives such as solar farms and solar BESS to industrial waste-to-energy power projects, which play a vital role in driving Thailand's sustainable development. This support reflects the bank's commitment to promoting the circular economy and innovative infrastructure that addresses both waste management challenges and the continuously increasing demand for low-carbon energy. The financial structure of this project serves as a blueprint for future environmental projects and reinforces that industrial sustainability and financial viability within the context of Thailand's evolving energy market."

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

GULF secures THB 60 billion, or approximately USD 1.9 billion, to invest in renewable energy power projects with a total contracted generation capacity of 939 MW

POMONA, Calif., April 4, 2026 /PRNewswire/ -- As families prepare for Easter, a season defined by family reunions, outdoor festivities, and shared traditions, Nework, an audiovisual and collaborative solutions provider for education, business, and home, is redefining seasonal entertainment with its MoveMate Series Portable TVs. Designed for ultimate mobility and premium performance, the MoveMate lineup offers a sophisticated way to bring digital entertainment into every corner of the holiday celebration. To celebrate the season, Nework has launched its Spring Sale, featuring an instant $60 discount across the series. The MoveMate AI is now available for $599.99, while the MoveMate Hi-Fi flagship is priced at $689.99.

Redefining Holiday Entertainment

The Nework MoveMate Hi‑Fi exemplifies how technology can enrich Easter gatherings with minimal effort. During backyard brunches or patio parties, the device functions as a mobile backdrop, effortlessly rolling from the kitchen to the lawn on its silent casters. Its professionally tuned 44W audio system, complete with quad speakers and a dedicated subwoofer, fills open spaces with warm, room‑enveloping sound, making it ideal for holiday playlists, family movies, or ambient visuals that add charm to spring celebrations. The 27‑inch FHD display provides crisp imagery at any angle, while the rotatable and height‑adjustable design ensures clear views whether placed beside a picnic table or within a cozy indoor corner.

As spring evenings warm up, outdoor movie nights have become a beloved seasonal ritual. After an afternoon of egg hunts, the MoveMate Hi‑Fi can be wheeled onto the grass to create an instant open‑air cinema. Its powerful audio performance strengthens the sense of immersion, while Bluetooth, Wi‑Fi 6, and streaming app compatibility ensure quick and smooth setup. For families who enjoy capturing shared memories on camera, the device's HD camera adds a layer of convenience and security with a physical privacy cover.

A Modern Gift for the Modern Home

For families seeking a standout Easter surprise, the MoveMate Hi‑Fi also lends itself to creative gifting. Instead of filling oversized baskets with candy or toys, households are presenting the portable TV as the "grand prize" of Easter morning. As a premium yet practical gift, it brings long‑term entertainment value through its smart system, which offers access to streaming platforms, cooking apps, video‑call tools, and more. The built‑in battery delivers up to eight hours of wireless use, supporting the spontaneity of holiday activities.

The Nework MoveMate AI presents another compelling option for family use and Easter gifting. With a 27‑inch multi‑touch display, up to 16 hours of battery life, and EDLA‑certified Android 14 smart features, the MoveMate AI offers versatility for both entertainment and productivity. It functions as a cooking companion during Easter meal preparations, streaming step‑by‑step recipes or hosting video chats with distant relatives. Its adjustable stand and five‑wheel mobility make repositioning effortless in busy kitchens or living rooms, while the Qualcomm octa‑core processor ensures smooth performance across apps, from YouTube tutorials to streaming platforms.

This renewed focus on adaptive home technology aligns with Nework's vision. "At Nework, technology should adapt to people's lives, not the other way around. The MoveMate series is designed to bring flexibility, connection, and joy to everyday moments, especially during meaningful occasions like Easter," said the CEO of Nework.

As families across the United States embrace more flexible, mobile, and immersive entertainment experiences, the MoveMate Series continues to stand out as a forward‑thinking lifestyle upgrade. Whether used indoors for cooking, outdoors for movie nights, or as a creative Easter morning reveal, it offers a premium blend of functionality and festive delight.

For more information, please visit https://nework.us/, or connect with Nework:

Facebook: https://www.facebook.com/neworkus

LinkedIn: https://www.linkedin.com/company/nework-us/

X: https://x.com/Nework_us 

Instagram: https://www.instagram.com/nework.us

YouTube: https://www.youtube.com/@Nework-us 

** This press release is distributed by PR Newswire through automated distribution system, for which the client assumes full responsibility. **

Elevate Easter Celebrations: Nework Introduces MoveMate Series Portable TVs for Effortless Family Moments