GSA Data Center 01 in Samut Prakan (photo: Gulf Development Plc)
Gulf Development, Thailand's largest energy company by market value and a major telecom operator, has announced plans to invest in new data centres with a combined capacity of 100 megawatts this year, underscoring its ambition to become a regional leader in digital infrastructure and cloud services.Smith Banomyong, chief strategy officer at Gulf, said feasibility studies have begun for 1-2 additional projects, with final decisions expected before the end of the year.
The expansion is part of Gulf's broader target to reach roughly 2,000MW of service capacity within 3-5 years.
The company's strategy includes investments in electricity generation to support its data centre ventures, as well as renewable energy supply through direct power purchase agreements with data centre companies.
Gulf estimates average investment of US$6-7 million per MW for data centre projects between 2026 and 2030.
