A CITIZENS'' GUIDE TO ENERGY SUBSIDIES IN THAILAND
In recent years, declining domestic production of energy, growing energy demand and volatile international fuel prices have focused the minds of government and the public on the
Thailand may lack the Battery Energy Storage Systems (BESS) necessary to navigate supply and demand challenges. The 2024 PDP draft included 10,000 MW of BESS, but this may see the country struggle to fulfil carbon neutrality and Net Zero commitments over the coming decades.
This mirrors global trends and signals Thailand's intention to integrate more solar-plus-storage systems into its energy mix, enhancing the reliability of its renewable energy capacity.
Thailand's 2024 power development plan (PDP) aims to increase renewable energy use, highlighting the importance of BESS alongside solar panels and wind turbines. This could create new business opportunities for entrepreneurs if prices decrease or new technologies emerge for stationary batteries.
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.
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