Mitihoon – GPSC has successfully advanced portfolio optimization strategy, announcing the divestment of a solar power project in Taiwan with a total transaction value of approximately NTD 572.5 million (approximately THB 600 million). The transaction reflects the Company’s continued efforts to enhance investment flexibility, improve capital efficiency, and support long-term growth in clean energy and future energy businesses, shifting toward target ROIC.
Mr. Worawat Pitayasiri, Chief Executive Officer of GPSC, revealed that the Company’s Board of Directors approved Global Renewable Power One Company Limited (GRP1), an indirect wholly owned subsidiary of GPSC, to enter into a share purchase agreement for the disposal of 90% equity stake in Sheng Yang Energy Company Limited (SYE) to Formosa Electric Industrial Inc. (FEii), a Taiwan-based company.
SYE operates a solar power generation business in Taiwan with a total installed capacity of 55.77 MW across more than 250 installation sites. The share purchase agreement is expected to be signed within the second quarter of 2026, and the transaction is expected to be completed within 2026, subject to the fulfillment of conditions precedent as specified in the agreement.
This transaction forms part of GPSC’s ongoing portfolio rebalancing strategy, aimed at mitigating project-related risks associated with geographically dispersed asset locations, while reallocating capital toward investments that deliver greater strategic value and stronger synergy potential with the Company’s core businesses following GPSC strategic direction since 2025. GPSC continues to adopt a proactive investment management approach to enhance ROIC, focusing on clean energy innovation, future energy technologies and supports the expansion of our clean energy investment portfolio, aligning with the Company’s sustainability strategy and commitment to achieve net zero greenhouse gas emissions by 2050 as well as enhancing synergy within our business ecosystem. The strategy also supports the Company’s expansion through partnerships, improves capital efficiency, and strengthens our long-term growth potential.
The successful completion of this transaction not only demonstrates GPSC’s flexibility in managing our business portfolio but also reinforces GPSC readiness to pursue new opportunities in future energy technologies to support rising electricity demand and drive sustainable long-term growth.
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