GPSC Achieves the Conditions Precedent in the Acquisition of 55.8MW Solar PP in Taiwan

Global Power Synergy Public Company Limited (GPSC) announced that Global Renewable Power One Company Limited (GRP1), indirectly associate which the company holds shares together with PTT Global Management Company Limited (PTTGM) in the proportion of 50:50, has achieved the conditions precedent under the share purchase agreement for 90% of the total shares in Sheng Yang Energy Company Limited (Sheng Yang) on July 27, 2021.

The total value of the transaction is approximately THB 2,560 million. Currently, Sheng Yang operates a solar power generation business in Taiwan with a total installed generation capacity of 55.8 MW which all commenced commercial operation.