Thai power firm GPSC invests $500 million for 25% of Taiwan wind farm

Thai energy company, Global Power Synergy Pcl (GPSC), on Thursday said it had acquired a 25% stake in a Taiwanese offshore wind farm for $500 million.

The deal comes a day after it announced a $453 million investment in a solar project in India.

“The Changfang and Xidao (CFXD) project will be installed in two phases. The first 96 MW (megawatt) phase is expected to achieve first power in 2022 and the second 499 MW phase in 2023,” GPSC chief executive Worawat Pitayasiri said.