Why is solar energy a key player in Thailand's energy sector?

The commitment of the Thai government to renewable energy targets, supported by feed-in tariffs and other incentives, is propelling the market forward, making solar energy in Thailand a key player in the region's energy sector.

Does Thailand have a solar grid?

According to the International Energy Agency, the Thai grid has the capacity to take on greater amounts of variable renewable energy, such as derived wind and solar.19 In particular, solar projects, especially if co-located with energy storage, will likely be deployed significantly in the next decade.

How many solar panels are installed in Thailand?

In 2018, the total installed capacity for the solar PV platforms was around 3,437 MWp. However, Thailand is under the consideration of major revision of all energy master plans.

How much solar power will Thailand have in 2022?

As per PDP 2020, Thailand plans to add 50 MW of residential rooftop solar and increase up to 250 MW by next year. Thailand has set a target for renewables to account for 30% of the power mix by 2037. In 2022, the country installed 12,197 MW of renewable energy capacity, which was higher compared to 7,902 MW in 2015.

What are the upcoming solar PV projects in Thailand?

The country has several upcoming solar PV projects. the Electricity Generating Authority of Thailand is developing a 778 MW Bhumibol Dam Solar PV Park in Tak. The major project is likely to commence in the year 2024 and is expected to enter into commercial operation after two years.

Is the power sector changing in Thailand?

Over the past decade, the power sector in Thailand has become far more dynamic, with new technologies and business structures disrupting incumbents. This appears set to continue, with further disruption on the horizon brought on by greater market liberalization.