Global Power Syergy, Thailand to invest $ 635 million in RE in Asia

The power subsidiary of Thailand based PTT Global Power Synergy, has planned to invest $635 million in renewable energy (RE) in Asia.

Global Power Synergy has planned to borrow the money from its parent company, PTT, for investment in solar and wind power. The company plans achieve 30 per cent of its power generation from RE sources as against the current 12 per cent.Global Power Synergy  generates 5.05 MUS, mainly through power plantsin Thailand. However, as of now, 80 per cent of its electricity generation comes from fossil fuel sources. In November 2020, the company also made an investment plan to acquire a solar farm in Taiwan.