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Emerging Solar Market: Thailand: 30% Renewables by 2036
19th August 2020 @ 3:30 pm - 5:00 pm BMT
We are happy to organize Thailand’s Most Exciting Solar Energy Event. Thailand has been incentivizing investment in solar projects for many years and now reaps the benefits of this initiative. Thailand’s electricity generating sector is considered to be one of the most secure businesses in Thailand for private operators given the long-term power purchase agreement with the three state utilities EGAT, MEA, and PEA. Some key highlights of this market include 30% renewables by 2036, renewables to represent 15-20% of the energy mix, a target of 3GW of installed solar increasing to 17W by 2025, Utilities spending Bt200 Billion on smart grid solutions. With ASEAN quickly turning to renewable energy hub technological innovations, favourable government policies and clean energy demand surge are among top trends in Thailand Market.
Solar is a significant part of the Thai renewable strategy. State-owned utilities are investing in utility-scale floating solar projects, the government is offering generous incentives for rooftop solar and large energy users are adopting onsite solar at an increasing rate.