SOLARQUARTER RESEARCH MARKET STATISTICS

THAILAND SOLAR PV INSTALLED CAPACITIES TOUCHING 3.5 GW

Thailand is regarded as one of the most important solar PV markets in Southeast Asia During the period 2018-2037, the Ministry of Energy reviewed energy master plans that were incompatible with the national economic and social development plan The National Power Development Plan (PDP) and AEDP (Alternative Energy Development Plan) were approved in 2019, with a target of 36% renewable energy production by 2037 The Energy Ministry is inspecting the Power Purchase Tariff for excess power and has promised to do everything possible to meet the objectives

Thailand currently produces approximately 3 47 GW of solar energy, with a target of 15,574 MW by 2037. The new PDP program has a target of 10 GW of Solar PV rooftop installations

The National Energy Policy Council approved the new PDP plan Thailand's power production capacity will increase by 67 percent under the new PDP, from 46,090 MW in 2017 to 77,211 MW in 2037 The PDP sets a target of 56,431 MW of new power capacity, with renewable energy projects accounting for 20,766 MW or roughly 37%. Natural gas (53 percent), non-fossil fuels (35 percent),

CUMULATIVE SOLAR PV INSTALLED CAPACITY IN THAILAND and coal are expected to generate the majority of the country's energy by 2037 (12 percent)

Thailand's installed power capacity, combined with imports from other countries, exceeded 52 GW Electricity is generated in the country by 52 EGAT power plants. EGAT power plants have a total installed capacity of 16,082 32 MW and include three thermal power plants, six combined cycle power plants, 29 hydropower plants, nine renewable energy power plants (wind, solar, and geothermal), four diesel power plants, and one other power plant

EGAT purchases bulk electricity from 12 Independent Power Producers (IPPs) totaling 15,498 50 MW, from Small Power Producers (SPPs) totaling 9,380 95 MW, and from neighboring countries totaling 5,720 60 MW, in addition to operating its power plants

IPPs supplied 34 8% of the total installed generating capacity in the country, while small power producers supplied 9 241 GW As of January 2023, thermal and combined cycles account for 7.5% and 18 49% of total capacity, respectively

According to the Electricity Generating Authority of Thailand, Thailand generates approximately 18 54 percent of its electricity from renewable sources, while coal accounts for 22 64 percent of total energy generation capacity Renewable energy supplied approximately 37,273.14 million kWh of electricity in Thailand as of December 2022

Thailand will have around 12 GW of installed renewable energy capacity by the end of 2021, with biomass having the most capacity (3 5 GW), followed by hydro (3 11 GW), solar, and wind capacities

SOURCE:IRENA,EGAT

YEARLY SOLAR PV INSTALLAED CAPACITY IN THAILAND

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The Thai government has also decided to increase the non-hydro renewable energy target to 30% by 2036. Thailand's solar energy capacity is approximately 3 4 GW, which has more than doubled since 2014, and is halfway towards the country's 2036 solar target of 6 GW Though Thailand's Wind capacity is not as large as its Solar capacity, it is more than 1 5 MW, which is more than half of the country's 2036 Wind target of 3 GW

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Natural gas is the primary fuel source for electricity generation, accounting for more than 52 15 percent In recent years, the share of renewable electricity generation sources has primarily increased, with hydro being the largest contributor while solar and wind generation account for a minor share