Sungrow, JinkoSolar in 3.5GWp PV, BESS supply deals with major Thai energy company GULF

LinkedIn
Twitter
Reddit
Facebook
Email

Solar PV inverter and battery energy storage system (BESS) manufacturer Sungrow has signed a strategic supply agreement with Gulf Energy Development in Thailand.

Sungrow announced the deal yesterday (27 March). It will provide solar inverter and liquid-cooled BESS equipment for 3.5GWp of Gulf Energy Development projects over the next seven years.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The ratio of inverters to BESS was not specified in a press release, however, Sungrow did say that it will provide its utility-scale SG350HX string inverters and PowerTitan range of battery storage equipment to its customer. Sungrow recently launched PowerTitan 2.0, which enables up to 5MWh storage capacity using lithium iron phosphate (LFP) batteries with a 2.5MW power conversion system (PCS) integrated in a standard 20-ft container configuration.

Gulf Energy Development (GULF) said that equipment purchased through the Master Supply Agreement (MSA) will be deployed at a combination of ground-mount solar PV plant, solar-plus-storage hybrids and rooftop PV projects in Thailand.

The projects are expected to enter commercial operation between this year and 2030 and will be deployed by numerous GULF subsidiaries.

The deal follows an MSA Gulf Energy announcement earlier this month (22 March) with another major Chinese solar PV company, JinkoSolar, for the supply of PV modules with a total installed capacity of 3,500MWp, also to be deployed at GULF group company solar farms, co-located battery and solar plants and rooftop PV.

Gulf Energy Development is one of Thailand’s biggest independent power producers (IPPs), with a portfolio mainly comprising gas-fired generation and renewable energy. The company’s 2023 revenues totalled THB116 billion (US$3.2 billion), with THB15.6 billion profit.

While it has operations and assets in the Middle East and other countries in Southeast Asia; in Thailand, Gulf Energy is among IPPs that sell power to the Electricity Generating Authority of Thailand (EGAT), the country’s monopoly energy supplier.

Sungrow noted that under the national Power Development Plan (PDP), Thai renewable generation resources will be allowed to participate in electricity market-based opportunities to maximise their revenues.

Sungrow claimed the PDP’s provisions will enable Thailand to create a model of renewable energy development for Southeast Asia.

Currently, Thailand’s total generation capacity of about 53GW is made up of a mix of EGAT’s own generation fleet, power it procures from major IPPs like Gulf, distributed power producers and energy imports from neighbouring countries.    

At present, the vast majority of generation comes from gas (around 60%) and domestic coal-fired power plants (about 15%), while renewable energy – including solar PV, wind, biomass and waste-to-energy – accounts for about 23%, according to figures from the US International Trade Admiinistration (ITA).

So far, battery storage development in Thailand has been limited, although, in 2022, 994MW of solar-plus-storage projects were awarded power purchase agreements (PPAs) with EGAT through a government-run tender process.

Under its Nationally Determined Contributions to meeting the goals of the multilateral Paris Climate Agreement, Thailand is targeting carbon neutrality by 2050 and net zero greenhouse gas (GHG) emissions by 2065. Meanwhile the Thailand National Energy Plan (NEP) 2023 is expected to be finalised this quarter and includes the PDP as well as plans for energy efficiency, renewables development and gas and fuel development.

Energy-Storage.news’ publisher Solar Media will host the 2nd Energy Storage Summit Asia, 9-10 July 2024 in Singapore. The event will help give clarity on this nascent yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.

1 July 2025
London, UK
UK Solar Summit 2025 will look at the role solar currently plays in the energy mix, how this will change over the coming years and how this aligns with net-zero and other government targets. We will break down all these challenges and help build up solutions through discursive panels, motivational keynotes and case studies, with newly added interactive sessions to get you moving and meeting your peers, making the connections you need to boost your business.
11 November 2025
San Diego, USA
The 2024 Summit included innovative new features including a ‘Crash Course in Battery Asset Management’, Ask-Me-Anything formats and debate-style sessions. You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.
24 February 2026
InterContinental London - The O2, London, UK
This isn’t just another summit – it’s our biggest and most exhilarating Summit yet! Picture this: immersive workshop spaces where ideas come to life, dedicated industry working groups igniting innovation, live podcasts sparking lively discussions, hard-hitting keynotes that will leave you inspired, and an abundance of networking opportunities that will take your connections to new heights!

Read Next

June 30, 2025
Globeleq and African Rainbow Energy have reached commercial close on the 612MWh Red Sands BESS in South Africa.
June 30, 2025
Samsung C&T has submitted plans for a 100MW/400MWh BESS to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
June 27, 2025
ACE Power has seen a battery energy storage system (BESS) of up to 8,000MWh in New South Wales, Australia, cleared through the EPBC Act.
June 26, 2025
Fengate Asset Management and Alpha Omega Power’s (AOP’s) 100MW/400MWh Caballero battery energy storage system (BESS) in California, has reached commercial operations.
June 26, 2025
Utility Tokyo Gas has begun operating energy software and consulting group Ascend Analytics’ bid optimisation platform for its 174MW Longbow battery energy storage system (BESS) in Texas.

Most Popular

Email Newsletter