Thailand’s Renewable Energy Transition
WHAT
- The proportion of renewable energy in Thailand’s total energy consumption is anticipated to increase to 51% by 2037, up from 20% in 2023, according to the new Power Development Plan (PDP).
- According to Thailand’s Board of Investment, from 2022 to 2037 new investments in renewable energy are anticipated to amount to 247 billion SEK. Meanwhile, investments aimed at enhancing energy efficiency across the industrial, commercial, residential, and agricultural sectors are projected to reach 314 billion SEK.
HOW
- Solar Power: As part of this transition to clean energy, solar power is set to play a crucial role under the new PDP, with a bold goal to boost solar power generation capacity to 33,269 megawatts by 2037, up from 3,193 megawatts in 2024.
- Floating Solar: Electricity Generating Authority of Thailand (EGAT) aims to accelerate the development of 15 planned floating solar farm projects with a total capacity of 2,656 megawatts on reservoirs of six hydroelectric dams. These projects are expected to be completed between 2024 and 2030.
- Direct PPAs: The introduction of Direct Power Purchase Agreements (Direct PPAs) in Thailand is expected to expand the green energy market and accelerate Thailand's energy transition by enabling broader access to renewable energy sources.
- Transition to Biomass: EGAT aims to turn Mae Moh Power Plant Unit 8 and 9 into a biomass power plant in response to carbon neutrality.
- Join Business Sweden’s Pioneer the Possible 2025 program to gain access to key stakeholders and decision makers through various workshops and roundtable meetings.
CONTACT US
For more information contact Pongsatorn Chanwong at pongsatorn.chanwong@business-sweden.se.