Insight

Reference

·

Primary source

Gulf Energy FY2024 revenue

~THB 110B

As ofFY2024·Sources1·Primary

Gulf Energy Development (SET: GULF) FY2024 revenue — Thailand's largest listed IPP. Gas, renewables diversified; SingTel JV 2023; data-centre expansion.

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Figure in context

Gulf Energy Development (SET: GULF) FY2024 revenue — Thailand's largest listed IPP. Gas, renewables diversified; SingTel JV 2023; data-centre expansion.

Gulf Energy Development (SET: GULF) FY2024 revenue — Thailand's largest listed IPP. Gas, renewables diversified; SingTel JV 2023; data-centre expansion.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

Gulf Energy Development (SET: GULF) FY2024 revenue — Thailand's largest listed IPP. Gas, renewables diversified; SingTel JV 2023; data-centre expansion.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~55GW

Thailand installed power capacity

EPPO, IRENA

2037 target
51%

PDP 2024 renewable target (2037)

EPPO PDP 2024

2022-2024
~5GW

SPP auction allocations 2022-2024

Energy Regulatory Commission

COP26 commitment
2050

Carbon neutrality target

Ministry of Natural Resources and Environment

FY2024
>4GW

B.Grimm Power installed capacity

B.Grimm Power FY2024 Form 56-1

July 2023
July 2023

UGT corporate-PPA launch

ERC, MEA, PEA

Report context

Thailand Renewable Energy Market Intelligence

Thailand's power system runs ~55GW installed capacity in 2024 with ~30% renewable share — and the PDP 2024 national plan targets 51% renewable by 2037. GULF (SET: GULF, largest listed IPP at ~THB 110B FY2024) anchors a listed stack alongside GPSC (PTT Group), BGRIM (industrial-estate SPP specialist), RATCH (ex-EGAT), and pure-play renewable names EA, BCPG, CKP. The 2023 Utility Green Tariff and December 2024 Direct PPA pilot enable corporate RE100 offtake; Thailand-Laos hydro imports add capacity but carry Mekong ESG controversy. Carbon neutrality 2050, net-zero 2065.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

B.Grimm Power

Industrial-estate SPP cogen specialist — 4GW+ across ASEAN; FY2024 revenue ~THB 60B.

Energy Absolute

Pure-play Thai renewable, EV-value-chain — solar, wind, biodiesel, EV buses, charging, battery. FY2024 THB 25-30B with 2023-2024 governance turbulence.

Global Power Synergy

PTT Group listed power arm — 7GW+ across Thailand, Taiwan, India, Laos; FY2024 revenue ~THB 80B.

Gulf Energy Development

Thailand's largest listed IPP — THB 110B+ FY2024; gas, renewables, data centres, AIS/Intouch via SingTel JV.

Ratch Group

Ex-EGAT listed IPP — FY2024 ~THB 42B; legacy thermal, Australia, Indonesia, Vietnam with renewables pivot underway.

Bangchak Corporation

Main independent Thai refiner; post-Esso ~294K bpd, 1,800 retail stations; biofuels, BCPG solar; FY2024 revenue ~THB 330B.

Gulf Energy FY2024 revenue · Insight