Mitihoon – GPSC’s Board of Directors has approved the selling of 40% of Thai Solar Renewable Company Limited (TSR) shares to Levanta Renewables (Thailand) Company Limited. The transaction is expected to be completed in Q2/2025 and aligns with GPSC’s strategy to expand its renewable energy portfolio and propel continuous growth, both domestically and internationally.
Mr. Worawat Pitayasiri, President and Chief Executive Officer of Global Power Synergy Public Company Limited or GPSC, the innovative power flagship of PTT Group, revealed that the company’s Board of Directors had approved the selling of 40% shares (23.33 million shares) of Thai Solar Renewable Company Limited (TSR) owned by GPSC valued 1,200 Million Thai Baht to Levanta Renewables (Thailand) Company Limited (Levanta). The transaction is expected to be completed within the second quarter of 2025.
The deal is compliant with the company’s strategy to restructure project portfolio to align with company’s business directions and believed to create maximum benefits of both companies and shareholders in the long run. The company is committed to strengthen its competitiveness in the renewable energy businesses and contribute to the growth of Thailand.
Thai Solar Renewable Company Limited holds 100% shares of Siam Solar Energy 1 Company Limited (SSE1) who operates solar power plants with a production capacity of 32 MW in proportion of GPSC’s shareholding. SSE1 solar farms utilize ground-mounted photovoltaic solar panels (PV Solar Farm) and distribute all electricity into the system of the Provincial Electricity Generating Authority of Thailand (PEA) with its COD since 2013.
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