Promoting a gender responsive renewable energy sector in Thailand: GULF’s Diversity Policy outlines several objectives for inclusion including supporting equal pay; ensuring an appropriate and balanced organizational structure where women are fairly represented at the managerial, executive and board levels; and ensuring non‑discrimination and diversity are promoted across the company. As part of this transaction, GULF intends to continue to promote a gender inclusive workplace by incorporating a gender lens to hiring and implementing a career development program and gender equality training, with a particular goal of increasing the number of women in Science, Technology, Engineering and Mathematics fields. 

2X Alignment: Women represent a third of GULF’s Board of Directors and they constitute a sufficiently high share of workforce for the renewable energy sector for FinDev Canada to count this transaction as 2X‑aligned vis‑à‑vis 2X Leadership and Employment criteria. In addition, GULF has demonstrated intentionality in supporting the inclusion of women, including through regular collection and analysis of gender pay gap data to identify and address pay gaps.

Strengthening Thailand’s renewable energy capacity: The Projects will increase Thailand’s domestic renewable energy generation capacity. Combining solar projects with utility‑scale battery storage on‑site can also control fluctuations in power output as energy can be stored and released to the grid when demand is highest. This maximizes output revenues, increases power reliability during peak hours, and allows for greater renewable energy integration into the grid. The Projects are expected to support over 1,500 jobs during the construction phase, and over 40 operations and maintenance jobs