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Press Releases

February 10, 2026
Group picture of GULF and FinDev Canada's teams during their Financial Closing Ceremony

FinDev Canada commits USD 50 million to Gulf Renewable Energy Company Limited to support sustainable energy in Thailand

Canada’s bilateral development finance institution (DFI), FinDev Canada announces the signing of a USD 50 million loan to Gulf Renewable Energy Company Limited, a subsidiary of Gulf Development Public Company Limited (or GULF) to advance renewable energy and support a low-carbon and climate-resilient economy in Thailand. This represents FinDev Canada’s second transaction with GULF.
February 5, 2026
Picture of the team on a worksite

FinDev Canada commits USD 56 million to Energía Renovable La Joya S.A. (Enhol Energía) to strengthen renewable energy and economic growth in Peru

Canada’s bilateral development finance institution, FinDev Canada, announces a USD 56 million loan to Energía Renovable La Joya S.A. The commitment will support the development, construction, and operation of Project Illa, a 396 MW solar photovoltaic (PV) power plant in Arequipa, Peru. This will be the largest solar PV power plant in the country.