ADB, GRE sign $350 million loan for solar-plus-BESS projects in Thailand
The Asian Development Bank (ADB) and Gulf Renewable Energy Company Limited (GRE), a subsidiary of Gulf Development Public Company Limited (GULF), have signed a $350 million loan agreement to expand renewable energy generation in Thailand. The financing will support construction of three projects combining solar power with battery energy storage systems (BESS). The loan will fund two solar-plus-BESS facilities with a combined contracted capacity of 126 MW and 151 megawatt-hours of storage, along with a…