Economy
Gunkul Engineering Expands Renewable Energy Footprint to the Philippines
Thai energy firm Gunkul Engineering has announced plans to develop a massive 784-megawatt floating solar project on Laguna Lake in the Philippines.
According to a report by Prachachat Business, Gunkul Engineering is establishing the Philippines as a key hub for its international growth. The company is moving forward with a 784-megawatt floating solar power project located on Laguna Lake. Construction is scheduled to commence between late October and early November 2026, with the goal of achieving Commercial Operation Date (COD) status by the fourth quarter of 2027.
For residents and expatriates in Thailand, this expansion highlights the growing regional influence of Thai energy companies. Domestically, Gunkul is also positioning itself to capitalize on new opportunities arising from Thailand’s updated Power Development Plan (PDP), as well as emerging frameworks such as Direct Power Purchase Agreements (Direct PPA), Solar Community initiatives, and the expanding data center sector.
While the international project timeline is set, several details remain to be confirmed, particularly regarding the specific integration of these projects into the local Philippine grid and the finalization of the domestic Thai regulatory frameworks mentioned. The company continues to monitor policy shifts in Thailand to align its local investments with the government's latest energy strategies. This development marks a significant step in Gunkul’s regional strategy, though stakeholders should await further updates as construction milestones approach.