Waris energy Thailand

Will Thailand increase reliance on renewables?

Thailand plans to increase reliance on renewables, particularly solar, wind and biomass, as alternatives to gas. This will see an expected 5.5 GW of renewable energy capacity growth by 2030.

Does Thailand have a 5 GW Power Purchase Agreement & feed-in tariff scheme?

Since the introduction of Thailand’s 5 GW Power Purchase Agreement (“PPA”) and Feed-in Tariff (“FiT”) scheme in 2022, the country has made significant strides towards renewable energy transition.

What is Thailand's energy mix in 2023?

A recent analysis of Thailand’s 2023 energy generation mix reveals that natural gas accounts for 59% of the country’s power. Solar and wind contribute 10%, while coal and lignite represent 14%. A smaller share, 13%, comes from hydropower, with the remaining 3% from other sources, including imported energy.

What is Thailand's energy future?

The results of this study offer a clear, fact-based vision of Thailand’s energy future. With the right investments and policy decisions, Thailand can transition to a cleaner, more resilient power sector, securing both its environmental and economic future.

Is wind a good investment in Thailand?

Higher feed-in-tariffs compared to those offered for other renewable technologies position wind as an attractive play in Thailand, with IRR as high as 10% to 11%. Thailand also boasts a unique opportunity in biomass energy generation, with the significant agricultural industry providing the region’s most developed biomass supply.