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

BANGKOK, Feb. 10, 2026 /PRNewswire/ -- Huawei Cloud Thailand reaffirmed its vision for secure, purpose-driven AI adoption at Cybersec Asia 2026 Bangkok, responding to growing enterprise demand for scalable and trustworthy artificial intelligence across the region.

Speaking at the event to regional technology and cybersecurity leaders, Mr. Surasak Wanichwatphibun, Chief Technology Officer of Huawei Cloud Thailand, noted that AI adoption in Asia-Pacific has entered a new phase, shifting from digital transformation to enterprise-wide intelligent transformation, driven by the need for higher efficiency, cost control, and faster decision-making.

"AI should never start with technology alone," he said. "Organizations must first define clear objectives, ensure data readiness, and build strong governance and security foundations before deploying AI at scale."

Huawei Cloud Thailand highlighted the increasing adoption of hybrid AI models, combining open-source AI for sensitive or high-risk data with cloud-based AI services for innovation-driven use cases. This approach allows enterprises to balance cost management, flexibility, and data security, while reducing operational complexity.

The CTO emphasized that AI success depends not only on model selection, but also on tools that support AI development, orchestration, and lifecycle management across diverse environments.

End-to-End AI Stack with Security at the Core

Huawei Cloud's AI capabilities are built on its end-to-end technology stack, integrating proprietary hardware and software. This includes Ascend AI processors, AI development platforms, large-model services, and application tools designed to support training, deployment, and operations at scale.

Huawei Cloud currently operates 34 cloud regions worldwide, with three data centers in Thailand, ensuring data sovereignty and compliance with local regulations. The company complies with more than 170 global certifications covering security, operations, and industry standards.

"We are the only cloud provider that designs and builds both its own hardware and software," Mr. Surasak said. "This enables optimized performance, elastic resource allocation, and cost efficiency for large AI workloads."

Security by Design for Trusted AI

AI security was a central theme of the presentation. Huawei Cloud stressed that AI security must span the entire lifecycle—from data quality and model integrity to access control, privacy protection, and continuous threat monitoring.

Huawei Cloud's security architecture features multi-layer protection, encryption across storage and transmission, strict identity management, and AI-powered monitoring to detect and mitigate threats in real time. These measures help organizations ensure that AI systems are not only powerful, but also trustworthy, compliant, and resilient.

"Trusted AI starts with understanding what data can be used, who can access it, and how AI outputs are validated," the CTO said. "Security cannot be an afterthought."

Powering Thailand's AI-Driven Growth

Through its cloud infrastructure, AI platforms, and security-first approach, Huawei Cloud Thailand aims to support enterprises across industries as they accelerate AI adoption responsibly and at scale.

"Our focus is to help organizations turn AI ambition into real business outcomes—securely, compliantly, and efficiently," he concluded.

About Huawei 

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have more than 207,000 employees, and we operate in more than 170 countries and regions, serving more than three billion people around the world.

Our mission is to bring digital to every person, home and organization for a fully connected, intelligent world. To this end, we will drive ubiquitous connectivity and promote equal access to networks; bring Cloud and artificial intelligence to all four corners of the earth to provide superior computing power where you need it, when you need it; build digital platforms to help all industries and organizations become more agile, efficient, and dynamic; redefine user experience with AI, making it more personalized for people in all aspects of their life, whether they're at home, in the office, or on the go. 

For more information, please visit Huawei online at www.huawei.com or follow us on: 
http://www.linkedin.com/company/Huawei 
http://www.twitter.com/Huawei 
http://www.facebook.com/Huawei 
http://www.youtube.com/Huawei 

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

Huawei Cloud Thailand Highlights Secure AI Direction for Enterprises at Cybersec Asia 2026