Thailand''s new power plan aims for 51
Jun 20, 2024 · Engineers team survey check solar panel roof in Thailand. (Photo: iStock) Thailand''s new power development plan (PDP), which went through a
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6 Frequently Asked Questions about “Solar power generation in Thailand”
Is solar energy a profitable investment in Thailand?
Solar energy in Thailand has crossed the line from a promise to a profitable imperative. Costs of renewable energy sources are now lower than those of coal and competitive with gas, with capacity growing at a rate of 20% annually. Policy signals, from 400 MW of community-solar quotas to a 51% renewable goal, are lining up behind the technology.
What is Thailand's solar potential?
Thailand boasts a technical solar potential exceeding 300 GW, yet less than 2% of its land area is needed to achieve this. By 2037, the market potential for rooftop solar PV energy is projected at 9,000 MW. However, as of 2022, only 1,800 MW of rooftop solar PV capacity has been installed, representing a small fraction of this potential.
When did Thailand reach a solar power milestone?
A solar power milestone was reached in Thailand in 2017 as cumulative installed capacity surpassed the 3-gigawatt (GW) mark. At the beginning of 2019, Thailand looks back to eight tumultuous years of mostly favorable solar energy developments and a few failures.
What is Thailand doing with solar energy?
Flagship solar energy projects in Thailand are becoming increasingly innovative: the state utility, EGAT, is tendering a 24 MW floating solar array at Ubol Ratana Dam, the first phase of a 2.7 GW hydro-floating solar hybrid program that avoids land-use conflicts while boosting reservoir efficiency. Policy momentum is catching up with engineering.
Can Thailand expand its solar energy capacity?
Solar Energy in Thailand has jumped from a policy aspiration to an active economic strategy. Over the past decade, the kingdom has shifted from worrying about dwindling domestic gas reserves to determining how quickly it can expand its solar energy capacity.
What's going on with rooftop solar in Thailand?
Rooftop solar is also expanding fast, with the quota for public installations rising from 50 MW to 200 MW, plus an additional 50 MW dedicated to Bangkok. These changes reflect not just ambition, but momentum. Read Also: The Promise of Thailand Renewable Energy Initiatives