Gunkul Engineering Public Company LimitedGUNKUL
▲ PositiveCapitalDemandrelevance
Yuanta turns positive on GUNKUL after its 50% stake sale to GULF, expecting a small extraordinary gain and no significant Q3 2026 profit impact.
Impact on assets 2
Energy Transition & Power Demand
Gunkul Engineering Public Company Limited
Gulf Energy Development Public Company LimitedGULF
± MixedCapitalrelevance
GULF is the buyer of 50% stakes in 12 renewable projects, but the article focuses on GUNKUL's positive view and gives no clear read-through for GULF.
Theme Impact 2
Off-coverage companies
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Norway▲
Scatec Begins 900 MW Shadwan Egypt Wind Project With EDF
Scatec has started construction on the 900 MW Shadwan onshore wind project in Egypt alongside EDF, backed by a US$150 million equity bridge loan package. The news lifted Scatec shares 5.53% in a single day to NOK104.0, contributing to a 90 day share price gain of 9.36%, though the year to date share price return remains down 3.61% and the 1 year total shareholder return is slightly negative. The most followed analyst narrative puts Scatec's fair value at NOK129.89, roughly 20% above the last close, while the SWS DCF model estimates a future cash flow value of NOK10.05, framing the stock as very expensive. Scatec remains heavily dependent on government tenders and project execution, so policy setbacks or construction delays could quickly challenge the undervalued narrative.
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Energy Transition & Power Demand › Wind ▲Capital
Electricite de France (EDF) · Demand · Positive EDF is partnering with Scatec to build the 900 MW Shadwan onshore wind project in Egypt, a concrete project win for EDF
Poland
Italy▲
ERG Signs Five-Year Glencore PPA for 82 MW Polish Wind Portfolio
ERG has signed a new five-year power purchase agreement with Glencore covering its 82 MW Polish wind portfolio. The deal, reported by Simply Wall St, is expected to support more predictable revenue for the renewable energy company and could affect how investors assess the stability of its future earnings. ERG last closed at €22.00, and the stock trades on roughly 41.1x earnings, materially above the Renewable Energy sector average of about 14.9x and the peer group on roughly 21.6x. Over the past three years ERG has returned 11.1%. Community views on the stock are split, with one Narrative putting ERG at 11% undervalued and another seeing it as roughly fairly valued.
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Energy Transition & Power Demand › Wind ▲Demand
GLEN.LSE · Demand · Neutral Glencore is the counterparty buying power under the five-year PPA, but the article frames the deal's benefit around ERG's revenue stability, not Glencore's.
Thailand
South Korea
MalaysiaItaly▲3
Krungsri Keeps Buy on BGRIM with 23 Baht Target, Raises Data Center Target to 500 MW
Krungsri Securities has raised its target for BGRIM's Data Center business capacity to 500 megawatts by 2030, up from 300 megawatts previously, viewing it as a positive factor for investment confidence. It maintains a Buy recommendation and a 2027 target price of 23 baht, based on a sum-of-the-parts valuation. It expects normal profit in 2027 and 2028 to grow 22% and 17% respectively, driven by lower natural gas costs amid an LNG supply glut and the gradual commercial start-up of new projects, namely the Nakwol 1 wind power plant in South Korea and a Data Center project in Thailand. However, the research team has not included large pipeline projects in its estimates, namely the 184 MWe Nakwol 2 wind power plant, a 735 MWe IPP power plant in Malaysia, and a 411 MWe battery energy storage system project in Italy, since developing these projects simultaneously could require substantial investment. Meanwhile, the interest-bearing debt-to-equity ratio stands at 2.2 times, compared with a loan covenant limit of no more than 3.0 times. BGRIM shares traded intraday at 19.20 baht, up 0.30 baht or 1.59%.
About megatrends
Energy Transition & Power Demand › Wind ▲Supply
Energy Transition & Power Demand › Firm Power & Transition Fuels ▲Supply
BGRIM.BK · Capital · Positive Krungsri maintains Buy and 23 baht target, raising Data Center capacity target to 500 MW by 2030, boosting investment confidence.
BGRIM.BK · Supply · Positive Expected 22% and 17% profit growth in 2027-2028 driven by lower natural gas costs amid an LNG supply glut.
Krungsri Securities Public Company Limited · · Neutral Krungsri Securities is the analyst issuing the Buy rating and target, not a subject of fundamental impact.
China2
Longyuan Power's September Power Generation Reaches 5.67 Million MWh, Up 7.08% Year-on-Year
Longyuan Power announced on October 9 that its power generation in September 2026 was 5.67 million megawatt-hours, an increase of 7.08% compared with the same period in 2025. Among this, wind power generation rose 3.20% year-on-year, while solar power generation increased 20.21% year-on-year. As of September 30, 2026, the company's cumulative power generation was 56.25 million megawatt-hours, down 0.52% year-on-year, with wind power generation down 4.97% and solar power generation up 19.29%. In the first half of 2026, Longyuan Power achieved revenue of 14.642 billion yuan and net profit attributable to the parent company of 2.393 billion yuan.
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Energy Transition & Power Demand › Wind Supply
0916.HK · Demand · Positive September power generation rose 7.08% YoY, with solar up 20.21%, indicating stronger output and sales of its electricity.
China2
Gansu Energy Chairman Transition Finalized: Xiang Tao Succeeds Lu Jiqing
Gansu Energy announced that Chairman Lu Jiqing resigned from his positions including chairman of the ninth board of directors due to work adjustments, and the board elected Xiang Tao as the new chairman. Xiang Tao was born in November 1971, holds a master's degree, and is a senior engineer. He has served as party secretary and chairman of Gansu Power Investment Changle Power Generation Company, and as deputy chief engineer, party committee member, and deputy general manager of Gansu Electric Power Investment Group. Since September 2022, he has been a director of the company, and currently also serves as deputy party secretary, general manager, and director of Gansu Electric Power Investment Group, as well as party secretary and chairman of the listed company. In the first half of the year, the company achieved operating revenue of 4.17 billion yuan, up 6.08 percent year on year, and net profit attributable to shareholders of the listed company of 840 million yuan, up 1.80 percent year on year. As of the end of June, the company's controlled installed capacity in operation was 9.59004 million kilowatts, including 6 million kilowatts of thermal power, 1.7002 million kilowatts of hydropower, 1.1035 million kilowatts of wind power, 736,000 kilowatts of solar power, and 50,340 kilowatts of integrated wind-solar projects. The company's new energy projects under construction and in reserve mainly include the first and second phases of the Qingyang green power aggregation project, the 100,000-kilowatt photovoltaic project at Heqingtan in Yongchang, the 1 million-kilowatt wind-solar integrated project in Minqin, and the 6 million-kilowatt new energy project at the Tengger Desert base.
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Energy Transition & Power Demand › Wind Talent
United StatesChina▲
Scout Clean Energy Signs Oracle VPPA for Texas Ranchero Wind Farm
Scout Clean Energy has signed a Virtual Power Purchase Agreement with Oracle for the Ranchero Wind Farm in Texas, a deal that forms one key component of Oracle's broader initiative to invest in more than 1.7 gigawatts of renewable energy projects in Texas. The Ranchero Wind Farm, operational since 2019, is Scout's largest renewable energy project, with capacity to power approximately 177,000 homes annually. The partnership supports the reliability and resilience of the Texas energy grid and aligns with Oracle's goal to match 100% of its AI data center energy needs with carbon-free electricity by 2035. In other market moves, Inner Mongolia MengDian HuaNeng Thermal Power rose 8.1% to close at CN¥5.10, while Jiangsu Leadmicro Nano-Equipment Technology fell 11.7% to CN¥89.58. Vistra ended at $166.72, up 3.9%, Tesla closed at $377.81, down 0.8%, and GE Vernova finished at $997.09, down 3.1%.
About megatrends
Energy Transition & Power Demand › Wind ▲Demand
ORCL · Demand · Positive Oracle signed a VPPA for the Ranchero Wind Farm as part of its initiative to invest in over 1.7 GW of Texas renewables to power its AI data centers with carbon-free electricity.
Scout Clean Energy · Demand · Positive Scout Clean Energy signed a Virtual Power Purchase Agreement with Oracle for its Ranchero Wind Farm in Texas.