Gulf Energy, Thailand’s largest private power producer, is advancing its transition toward renewable energy by expanding its activities in telecommunications and digital infrastructure. By integrating power generation with technologies such as artificial intelligence and cloud computing, the company is aligning itself with Thailand’s broader goals for cleaner energy.
In April 2025, Gulf Energy finalized its merger with telecommunications company Intouch, resulting in a market capitalization of USD 18.2 billion. This development made it the fourth-largest publicly listed company in Thailand. The merger supports Gulf’s ambition to expand its role in the energy, infrastructure, and digital sectors.
Established in 2011 as a spin-off from Gulf Holding (GHC), the company has over three decades of experience in the power industry. It has shifted from coal-based energy to natural gas and renewable sources. Gulf’s combined domestic and international portfolio now includes over 23 gigawatts of installed capacity.
Following the merger, Gulf plans to integrate Advanced Info Services (AIS), a mobile service provider under Intouch, into its renewable energy strategy. Over the next five years, the company expects to invest approximately USD 2.9 billion, with 60–70% allocated to energy-related projects.
As part of its digital expansion, Gulf Edge, a Gulf subsidiary, became the first Thai company to partner with Google on sovereign cloud services. Gulf is also collaborating with Siam AI and Singtel to build data centers in Thailand. By linking these high-demand digital facilities with renewable energy, Gulf aims to improve efficiency while supporting emissions reduction.
(Source: SolarQuarter)
