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Energy

Power unit of Thailand's PTT makes $635m pivot to Asia green energy

Global Power Synergy eyes China and India to boost renewable output to 30%

A Global Power Synergy-run solar farm in Thailand: The company plans to invest in renewable-energy capacity elsewhere in Asia. (Photo courtesy of Global Power Synergy)

BANGKOK -- The power-generating subsidiary of PTT, Thailand's state-owned oil and gas group, will invest 20 billion baht ($635 million) in renewable energy in India, China and elsewhere in Asia, stepping up a shift from fossil fuels to cleaner energy sources.

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