GUNKUL partners with LH Bank to secure a 1 billion baht green loan, moving forward with investments in clean energy.

GUNKUL has signed a sustainability-linked loan agreement with LH Bank for 1,000 billion baht, supporting investments in clean energy projects in Thailand and abroad totaling over 1,400 megawatts. This aims to expand the company's renewable energy portfolio and support Thailand's Net Zero goals.

7 August 2569 Dr. Kankul Damrongpiyawut, Chairman of the Board, Kankul Engineering Public Company Limited. Or, as GUNKUL stated, GUNKUL signed a contract with... Land and Houses Bank Public Company Limited Alternatively, LH Bank can provide a sustainability-linked loan totaling 1,000 billion baht to further develop the potential for driving green energy projects and new infrastructure projects both in Thailand and abroad, in line with LH Bank's mission to fully transition to Green Banking.

However, the company will leverage this to drive growth from GUNKUL's investments and development of clean energy projects both in Thailand and abroad, which are currently under development, invested in, and awaiting revenue recognition, totaling approximately 1,400 megawatts. These include solar and wind power projects in Thailand, planned for gradual commercial operation between 2570 and 2573, as well as a floating solar power plant project in the Philippines, scheduled for efficient commercial operation by the end of 2570.

This includes driving a new wave of business growth by expanding investment in clean energy power plants in the country, in line with the PDP 2026 plan which focuses on significantly increasing the proportion of power plants from clean energy. This reflects GUNKUL's commitment to sustainable business operations and helps achieve the country's Net Zero goal.

Mr. Mark Chen, Chief Corporate Banking Officer, LH Bank. The bank stated that it is providing a sustainability-linked loan of 1,000 billion baht to GUNKUL to drive sustainable financial services for entrepreneurs who conduct their businesses with consideration for their environmental impact.

GUNKUL is a leading clean energy business with experience and expertise in developing renewable energy projects, which aligns with LH Bank's approach of promoting investment in projects that increase the proportion of renewable energy use and reduce greenhouse gas emissions.

Loans linked to sustainability represent another testament to the synergy between the clean energy sector and financial institutions. This not only strengthens the financial capabilities of entrepreneurs but also serves as a crucial mechanism for driving Thai economic growth while protecting the environment. This aligns with the Thailand Taxonomy framework, which many Thai financial institutions currently use as a criterion for considering sustainability loans to support projects that create positive environmental outcomes.

This collaboration between GUNKUL and LH Bank reflects confidence in the company's potential as a green energy operator with a portfolio of renewable energy projects totaling over 2,121 megawatts and over 40 years of experience in energy engineering. This is a key factor in ensuring that the funds received are used efficiently, creating added value for shareholders and all stakeholders in the long term, aligning with the company's vision of being a green energy and infrastructure partner in the region.

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