GULF plans 5-year investment of 140 billion baht to push data centre capacity to 2,000 megawatts

Corporate ActionIndustry Impact 4
โดย ทันหุ้น·TH·Read original
Summary · why it matters

Gulf Development Public Company Limited, or GULF, has announced a major investment plan over the next five years worth as much as 140 billion baht to expand its data centre and digital infrastructure businesses and capture the growth of AI technology. The company aims to raise its data centre capacity to as much as 2,000 megawatts, up from roughly 200 megawatts at present. Chief Executive Officer Sarath Ratanavadi said the private sector is ready to take part in developing power projects of all types under the new Power Development Plan, or PDP, including solar, wind, battery energy storage and natural gas-fired power plants, as well as studying small modular reactor technology. The PDP targets power generation capacity of 50,000 megawatts, and the company sees opportunities in the free electricity business, such as selling green power to large electricity users. On the data centre side, GULF agrees with the government's move to set clear definitions and regulations, noting that demand in Thailand is very high from users of various social media platforms. The company has also joined hands with Singtel Group to take part in developing the Vietnam-Thailand-Singapore Cable System, a submarine cable network linking Vietnam, Thailand and Singapore on an open access basis, with a project value in the tens of billions of baht and service scheduled to begin in 2030.

Impact on stocks 2

Energy Transition & Power Demand▲ · 1 stocks
Others▲ · 1 stocks

Theme Impact 10

Related news

▲3impact 4

Nvidia, Google and Emerald AI Launch AI Energy Management Alliance

Nvidia, Google and Emerald AI have launched the AI Energy Management Alliance, or AEMA, a coalition that dynamically manages the electricity use of data centers in response to grid conditions. Emerald AI founder and CEO Varun Sivaram said the alliance's founding members are joined by a cohort of 20 launch partners, including the AI lab Anthropic, the semiconductor firm Analog Devices, and the energy companies AES, NRG, Constellation, RWE and National Grid. Sivaram said Emerald AI, which was founded under two years ago, is building with Nvidia and Digital Realty the world's first from-the-ground-up power-flexible AI data center, a 100 megawatt facility in Manassas, Virginia, that comes online later this year. He said Google, one of the founding members, has already done a gigawatt of demand response for its data centers, while Emerald and Nvidia have completed six demonstrations around the world, in London, Phoenix and Virginia. Sivaram said the alliance is talking to the FERC commissioners, state regulators and the administration about a grand bargain in which flexible AI data centers act as good citizens to grids and communities in return for faster and larger connections to the power grid.
NVDA ▲GOOG ▲ADI ▲AES ▲CEG ▲NRG ▲+2
Energy Transition & Power Demand ▲Artificial Intelligence ▲Smart City / Autonomous Infrastructure
Yahoo Finance·11hRead more →
▲3impact 4

CleanSpark Data Center Bond Draws $10 Billion in Orders for $2.28 Billion Sale

CleanSpark Inc.'s debut junk-bond offering for a data center tied to Meta Platforms Inc. drew orders of about $10 billion, more than four times the deal's size, according to people familiar with the matter. The five-year notes were set at almost $2.28 billion and launched at 98.5 cents on the dollar to yield 8.25%, roughly 1.75 percentage points above the average for BB rated firms tracked by Bloomberg. The fundraising, led by Morgan Stanley, will help finance construction of a data center in Sandersville, Georgia, that has been fully leased to Anviran LLC, a Meta subsidiary, under a $6.6 billion, 20-year contract. The facility is expected to begin operations in the fourth quarter of 2027, with Meta guaranteeing rent and operating expenses. Data center developers have now sold more than $3 billion of high-yield bonds so far this year, most backed by long-term leases with hyperscalers including Oracle Corp. and Amazon.com Inc.
CLSK ▲META ▲
Cloud & Digital Infrastructure ▲Artificial Intelligence ▲
Bloomberg·11hRead more →
2impact 4

SoftBank's SB Energy IPO Faces Investor Test as OpenAI Timeline Clouds $50 Billion Listing

SoftBank's push to list SB Energy at a valuation of roughly $50 billion is facing a tougher investor test as uncertainty around OpenAI's IPO timeline raises questions about how much of the data-center developer's future growth depends on a single customer. SB Energy is expected to seek between $5 billion and $7 billion in an IPO within the coming weeks. The company has yet to bring a single data center online, but already carries roughly $439 billion of contracted backlog tied largely to 8.8 gigawatts of future capacity, with roughly $357 billion of that contracted revenue not expected to be recognized until 2034 or later. SB Energy generated only $138.7 million of revenue during the first half of this year, primarily from legacy solar operations, and posted a $551.6 million operating loss. OpenAI is the primary tenant for SB Energy's largest pipeline projects, while Nvidia has provided a $105 billion guarantee for the initial phase of an 8-gigawatt Ohio data-center campus, and both OpenAI and Nvidia are expected to own stakes in the publicly listed company. SB Energy estimates it needs more than $170 billion in capital spending to build its pipeline, and analysts cited in the report estimate it may need another $7 billion of equity beyond IPO proceeds, in addition to substantial debt, just to maintain its typical 10% equity contribution to projects.
9984.JP ▼NVDA
Cloud & Digital Infrastructure Artificial Intelligence Energy Transition & Power Demand
GuruFocus·13hRead more →
© 2026 MarketDXNews