Solar Energy In Thailand Policy Aspiration To Economic Engine

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

Does Thailand have a solar power plan?

“The program is rather unexpected given the lack of such in [Thailand's Power Development Plan] 2018-37,” Moritz Sticher, a senior adviser at Berlin-based consulting firm Apricum, told pv magazine. The regulation introduces a 25-year FIT of THB 2,1679 ($0.057)/kWh for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.

How much is fit for solar in Thailand?

In an unexpected move, the government of Thailand has introduced a feed-in-tariff (FIT) of THB 2,1679 ($0.057)/kWh over 25 years for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.

Why is Thailand relying on more than just solar?

To close this gap, Thailand is relying on more than just solar. The government's Alternative Energy Development Plan (AEDP) promotes energy diversification, including storage systems and emerging technologies like green hydrogen. These strategies are designed to not only boost generation capacity but also ensure energy stability and resilience.

Why has Thailand quadrupled its solar power quota in 2024?

The government has quadrupled the annual quota for public solar power projects, from 100 MW to 400 MW in 2024, as part of a broader push to cut electricity costs by 8% and reach carbon neutrality by 2065. This marks a bold step in Thailand renewable energy expansion, backed by aggressive policy shifts and growing investment.

How much solar capacity does Thailand have?

Thailand currently has 3.47 GW of installed solar capacity, according to Apricum. The country has updated its 2037 solar targets by reducing the solar capacity target to 8.7 GW and keeping the target for floating solar at 2.73 GW. This content is protected by copyright and may not be reused.