Jul 18, 2011 CE
Gulf Energy Development Founded
Gulf Energy Development is incorporated in Thailand by Sarath Ratanavadi. #energy #founding
Chronological Storyline (39 Milestones)
2012 CE
First IPP Project Initiated
Gulf Energy Development begins development of its first Independent Power Producer (IPP) project, the Gulf Sriracha Power Plant. #energy #powerplant
2013 CE
Secures Power Purchase Agreements
Gulf Energy Development secures power purchase agreements (PPAs) for the Gulf Sriracha and Gulf Pluak Daeng projects. #energy #ppa
2014 CE
Gulf Sriracha Power Plant Commences Operation
Gulf Sriracha Power Plant commences commercial operation, with a capacity of 660 MW. #energy #gasfired
2015 CE
Expands into Solar Energy
Gulf Energy Development enters the renewable energy sector by acquiring solar farm projects in Thailand. #renewable #solar
Jun 9, 2016 CE
IPO on Stock Exchange of Thailand
Gulf Energy Development completes its initial public offering (IPO) on the Stock Exchange of Thailand, raising approximately 18 billion baht. #ipo #finance
2017 CE
Declares First Dividend
Gulf Energy Development declares its first dividend payment to shareholders at 0.50 baht per share. #dividend #shareholders
2017 CE
Acquires Wind Power Projects
Gulf Energy Development acquires wind power projects in Thailand, diversifying into wind energy. #wind #renewable
2017 CE
Joint Venture with SPIC
Gulf Energy Development announces a joint venture with China's State Power Investment Corporation (SPIC) for a coal-fired power plant. #jointventure #energy
2018 CE
Begins Construction of Gulf Pluak Daeng Power Plant
Gulf Energy Development begins construction of the Gulf Pluak Daeng Power Plant, a 1,400 MW gas-fired facility. #construction #gasfired
2018 CE
Partnership with Mitsubishi Corporation
Gulf Energy Development partners with Mitsubishi Corporation to develop energy trading and power plant projects. #partnership #japan
2018 CE
Receives ISO 14001 Certification
Gulf Energy Development receives ISO 14001 certification for environmental management at its power plants. #ISO #environment
Jan 1, 2019 CE
Listed on SET50 Index
Gulf Energy Development is added to the SET50 index, reflecting its growing market capitalization. #SET50 #index
2019 CE
Investment in Gulf RD Power Plant
Gulf Energy Development announces investment in the Gulf RD gas-fired power plant in Rayong province, expanding capacity. #expansion #gasfired
2019 CE
Begins Construction of 100 MW Solar Farm
Gulf Energy Development commences construction of a 100 MW solar farm in Nakhon Ratchasima. #solar #construction
2020 CE
Acquires BKB Power Company
Gulf Energy Development acquires BKB Power Company, which operates hydroelectric power plants in Thailand. #acquisition #hydro
2020 CE
Market Cap Reaches 100 Billion Baht
Gulf Energy Development's market capitalization reaches 100 billion baht for the first time. #marketcap #milestone
2020 CE
Issues Debentures Worth 15 Billion Baht
Gulf Energy Development issues debentures worth 15 billion baht to finance expansion and refinance debt. #finance #debentures
2021 CE
Launches EV Charging Business
Gulf Energy Development launches electric vehicle (EV) charging business under the brand 'EV Me'. #ev #charging
2021 CE
Appoints New Independent Directors
Gulf Energy Development appoints new independent directors to strengthen corporate governance. #governance #board
2021 CE
Completes Gulf PD Energy Project
Gulf Energy Development completes the Gulf PD Energy Project, a 1,400 MW gas-fired power plant. #completion #gasfired
2021 CE
Expands into Vietnam
Gulf Energy Development expands into Vietnam with the acquisition of solar power projects. #vietnam #solar
2021 CE
Obtains 1,000 MW Renewable Licenses
Gulf Energy Development obtains licenses for renewable energy projects totaling 1,000 MW. #renewable #license
2022 CE
Included in MSCI Thailand Index
Gulf Energy Development is included in the MSCI Thailand Index, attracting foreign investment. #MSCI #index
2022 CE
Sells Non-Core Assets
Gulf Energy Development sells non-core assets to focus on its core energy business. #divestiture #strategy
2022 CE
Joint Venture with ACWA Power
Gulf Energy Development forms a joint venture with Saudi Arabia's ACWA Power for renewable energy projects in the Middle East. #middleeast #renewable
2022 CE
Acquires Solar Farm in Japan
Gulf Energy Development acquires a solar farm in Japan through subsidiary JBG Power. #japan #solar
2023 CE
Market Cap Reaches 500 Billion Baht
Gulf Energy Development's market capitalization reaches 500 billion baht, making it one of the top ten companies on the SET. #marketcap #milestone
2023 CE
Partnership with Amazon Web Services
Gulf Energy Development enters a partnership with Amazon Web Services (AWS) for cloud migration and digital transformation. #cloud #digital
2023 CE
Hydrogen Pilot Project Announced
Gulf Energy Development announces a hydrogen pilot project to explore green hydrogen production for energy storage. #hydrogen #greenenergy
2023 CE
Leads Consortium for Offshore Wind in Vietnam
Gulf Energy Development leads a consortium to bid for offshore wind projects in Vietnam. #offshorewind #vietnam
2023 CE
Invests in Battery Energy Storage System
Gulf Energy Development invests in a battery energy storage system (BESS) project to support grid stability. #batterystorage #grid
2024 CE
Acquires 49% Stake in Vietnamese Wind Farm
Gulf Energy Development completes acquisition of a 49% stake in a Vietnamese wind farm, deepening Southeast Asian presence. #vietnam #wind
2024 CE
Issues Green Bonds Worth 10 Billion Baht
Gulf Energy Development issues green bonds worth 10 billion baht to fund renewable energy projects. #greenbonds #finance
2024 CE
Sarath Ratanavadi Named Thailand's Richest Person
Sarath Ratanavadi, founder and CEO of Gulf Energy Development, is named Thailand's richest person by Forbes with a net worth of $11 billion. #forbes #wealth
2024 CE
Joins RE100 Initiative
Gulf Energy Development becomes the first Thai company to join the RE100 initiative, committing to 100% renewable energy by 2050. #RE100 #renewable
2024 CE
Launches Energy Trading Arm
Gulf Energy Development launches an energy trading arm to optimize power purchase and sales. #energytrading #business
2024 CE
Partnership with Google for Renewables
Gulf Energy Development partners with Google to supply renewable energy certificates for Google's operations in Thailand. #google #renewableenergy
2024 CE
Signs PPA for 1,200 MW Gas-Fired Plant
Gulf Energy Development signs a power purchase agreement for a 1,200 MW gas-fired power plant in Chachoengsao province. #ppa #gasfired