Global Power Synergy Public Company Limited (SET: GPSC) announced on November 30, 2022, that the company has signed the Joint Venture Agreement to develop a portfolio of wind project on November 29, 2022, with Copenhagen Infrastructure Partners Group (CIP) via CI NMF I Cooperatief U.A (CI NMF I).
The purpose of jointly exploring opportunities in wind energy and to establish a joint venture to jointly develop wind projects with a focus on Thailand. The company will hold a 51% stake in the joint venture and individual projects.
The cooperation combines both the companies to enhance the company’s capability in operating wind energy businesses of the joint venture, which is aligned with the company’s strategy in increasing its proportion of electricity generation from renewable energy to become a carbon neutral organization by 2050 and achieve net zero emissions by 2060.
