Search Results for: renewable power
- Business News
Thailand urged to increase renewable power target beyond 50%
A call for an increase in renewable power generation beyond the target of 50% outlined in the Power Development Plan (PDP) has been issued to the government. The PDP is due to be finalised in the second quarter of this year. This rise is essential since Thailand has pledged to achieve carbon neutrality, a balance between carbon dioxide emissions and…
- Business News
EA plans expansion in renewable power and EV sector
Renewable energy and electric vehicle (EV) developer, Energy Absolute Plc (EA), is set to expand its power business. The decision comes after a pause in the introduction of new projects since 2019. Currently, the firm’s wind and solar farms generate a capacity of 664 megawatts. The company’s CEO, Somphote Ahunai, noted in a 2020 interview that EA diversified into EV-related…
- Environment News
China leads renewable energy efforts with wind and solar power
China is leading the global surge in renewable energy construction, with nearly two-thirds of the world’s large-scale wind and solar projects currently being built within its borders, as indicated by a recent report from Global Energy Monitor (GEM). China is constructing 339 gigawatts (GW) of utility-scale wind and solar power, representing 64% of the global total, according to the US-based…
- Business News
B.Grimm Power advances in renewable energy with Laos hydroelectric investment
With sights set on the renewable energy sector, B.Grimm Power Plc is advancing with a steadfast growth plan. Its most recent stride in this direction involves a joint investment with Ratch Group Plc into a hydroelectric power plant project based in Laos. This step is in line with B.Grimm Power’s GreenLeap strategy, underlining the firm’s ambition to emerge as a…
- South Thailand News
Nakhon Si Thammarat demands removal of 15-year unused hydropower plant
Residents of Nakhon Si Thammarat are voicing their dissatisfaction with the Keereewong Project, a community hydropower plant that has remained inactive for nearly 15 years despite an initial construction budget of 20 million baht. Locals are now calling for the removal of the unused facility to reclaim the land for community use. The hydropower plant, located in Mueang subdistrict, Lan…
- Thailand News
Power to the people: Thailand plots solar rooftop shake-up
Going green could soon get a whole lot easier — and cheaper — for Thai homeowners as the government gears up to dismantle red tape blocking access to solar energy. The Energy Ministry is drafting a groundbreaking new law to supercharge the adoption of solar rooftop systems, aiming to cut through the bureaucracy that has long stifled household clean energy…
- Thailand video news
Thailand video news | Thailand to enforce medical certification for cannabis use, Malaysia & Thailand to upgrade cross-border power grid
In Thailand video news, Alex and Jay cover news stories from across Thailand and Southeast Asia. The stories include Thailand’s tightened cannabis laws, and former PM Yingluck faces a ฿10 billion penalty over her rice scheme. Pattaya police crack down on prostitution, while a tourist in Krabi causes outrage by insulting park rangers. Police bust an illegal gay brothel in…
- Thailand News
Thaksin’s power tariff cut plan sparks debate on electricity pricing
Thaksin Shinawatra‘s proposal to lower the power tariff from 4.15 to 3.70 baht per kilowatt-hour has ignited a discussion on the future of electricity pricing, which has remained elevated since 2022. The adjustment of tariff rates directly impacts electricity bills, with a reduced tariff leading to lower costs for businesses and households. The former prime minister introduced the tariff reduction…
- Business News
Thailand’s nuclear power plan delayed amid policy uncertainties
Thailand is preparing for the integration of nuclear power technology but the implementation of the new power development plan (PDP) for small modular reactors (SMRs) is experiencing delays. The PDP, effective from 2024 to 2037, has yet to be enforced, involving collaboration between the Energy Regulatory Commission and the Office of Atoms for Peace on nuclear power and electricity management. SMRs,…
- Thailand News
Thailand’s power plan may see revisions for climate goals
Thailand’s 2024 power development plan (PDP) may undergo significant revisions to enhance the management of the nation’s long-term energy supply and bolster efforts against global warming. This was suggested by Energy Ministry Permanent Secretary Prasert Sinsukprasertas after he highlighted the need for adaptation in response to evolving energy concerns. The Energy Policy and Planning Office is currently evaluating the PDP. Once…
- Business News
Thailand plans 14 new floating solar farms to boost renewable energy
The Electricity Generating Authority of Thailand (EGAT) is pushing forward with the development of 14 new floating solar farm projects as part of its strategic efforts to increase renewable energy production. These projects, with a combined capacity of 2,656 megawatts, are set to be constructed on the reservoirs of seven hydroelectric dams under the latest national power development plan (PDP) for…
- Business News
Thailand refurbishes coal units to ensure affordable power supply
Thailand is taking steps to ensure a stable and affordable electricity supply through the refurbishment of two coal-fired power generation units. The Electricity Generating Authority of Thailand (EGAT) plans to extend the service life of Units 8 and 9, located in Lampang, as part of its strategy to maintain low-cost electricity production. Refurbishing these units involves essential maintenance to boost…
- Business News
LNG prices stable in 2025, easing Thailand’s power tariff adjustments
Liquefied natural gas (LNG) prices are projected to remain stable in early 2025, alleviating some of the pressure on Thai officials as they prepare to calculate a new power tariff for electricity bills from January to April next year. According to the Electricity Generating Authority of Thailand (EGAT), this stability in LNG pricing will influence the upcoming adjustment of the…
- Thailand News
Thailand and Laos spark cross-border renewable energy scheme
Thai officials are set to engage in discussions with the Laotian government to enhance the utilisation of renewable energy across borders, aiming to expedite the reduction of carbon dioxide emissions. The plan involves encouraging Thai businesses to purchase renewable power from Laos through a cross-border energy attribute certificate scheme, according to an official from the Energy Ministry who requested anonymity.…
- Business News
Powering on: Thailand energy plan sparks a 2.9 trillion baht boost
Thailand’s new National Energy Plan (NEP) aims to drive significant investment and promote clean energy, with a projected 2.9 trillion baht in capital spending over the next 13 years. Central to this initiative is the emphasis on solar energy to reduce carbon dioxide emissions. The NEP 2024, scheduled for implementation from this year until 2037, integrates a comprehensive power development…
- Thailand News
Power play: B.Grimm sets sights on electrifying China and Greece
B.Grimm Power appears to be on a mission to take over the global energy scene, with China and Greece now in its sights. The Thai energy giant is exploring renewable projects in these two countries, aiming to add several hundred megawatts to its portfolio. CEO Harald Link teased the plans but kept most details under wraps, stating that talks were…
- Thailand News
Solar power push: A bright idea to boost clean energy at home
The National Energy Policy Administration Committee are deliberating an increase in the purchase of solar power from households to bolster clean energy initiatives and promote the installation of rooftop solar panels, according to an energy official. The committee had previously sanctioned a plan to acquire 90 megawatts (MW) of solar power from homeowners, spanning from 2021 to 2030. Recent advocacy…
- Business News
WHAUP to invest 2.3bn baht in renewable energy projects
WHA Utilities and Power (WHAUP), a subsidiary of Thailand’s largest industrial land developer WHA Corp, is set to invest 2.3 billion baht to bolster its operations and meet the rising demand for water and renewable energy in Thailand and Vietnam. A significant portion of this budget will be directed towards expanding renewable energy, aiming to achieve an electricity generation capacity…
- Thailand News
Solar shockwave: Pattaya police slash bills with new power move
In a bold step towards a greener future, Nong Yai Police Station in East Pattaya has gone solar, slashing energy costs and setting a shining example for other public institutions. The station, now powered by an impressive 12-kilowatt solar system, is leading the charge in sustainable energy practices. The eco-friendly setup includes a state-of-the-art 12-kilowatt Deye Hybrid Inverter, 28 solar…
- Business News
B.Grimm Power play: Profits surge with plans to expand in future
Multinational conglomerate B.Grimm Power Plc (BGRIM) reported a robust performance with a significant increase in normalised net profit for the first half of this year, alongside ambitious plans to enhance investment partnerships and expand its renewable energy portfolio. BGRIM President Harald Link highlighted that the normalised net profit attributable to the parent company rose by 2.3% year-on-year, reaching 1.09 billion…
- Thailand News
EGCO boosts investment to expand power capacity by 1,000MW
Electricity Generating Plc (EGCO), part of the Electricity Generating Authority of Thailand (EGAT) plans to boost its investment budget this year to acquire more assets, aiming to add 1,000 megawatts (MW) of new power generation capacity each year. The company has already added 370MW from operational power plants, leaving an additional 630MW needed to hit its target. As of yesterday,…
- Thailand News
Thailand eyes cleaner energy with new power plan for 2024 to 2037
Thailand’s revised power development plan (PDP) is set to be submitted for approval after a week-long public hearing concluded yesterday, the implementation of the plan by year’s end, will steer the country towards cleaner energy. Central to Thailand’s commitment to reducing carbon dioxide emissions, the PDP is expected to provide a clearer path for the nation. Thailand announced its commitment…
- Thailand News
Thai energy firms question new power plan for carbon neutrality
Thailand’s energy firms expressed concerns that the revised power development plan (PDP) may fall short of the kingdom’s 2050 carbon neutrality goals, highlighting the need for a balanced approach between practicality and optimism. The PDP, which is set to be enforced from 2024 to 2037, aims to promote greater use of renewable energy to reduce carbon dioxide emissions. However, energy…
- Thailand News
Thailand power companies to spark 112,400 megawatts in 13 years
Thailand’s electricity supply is projected to reach 112,400 megawatts in the next 13 years, with power companies anticipated to play a larger role in power generation, according to the new power development plan (PDP). The country’s power supply was 53,868MW last year, with nearly 80% sourced from fossil fuels and the rest from renewable energy. According to an anonymous source…
- Thailand News
Chadchart signs MOU on renewable energy projects in Bangkok
Bangkok has taken a significant step towards becoming a smart city, with the signing of a memorandum of understanding (MOU) between Bangkok Governor Chadchart Sittipunt and Metropolitan Electricity Authority (MEA) Governor Wilas Chaloeysat. The agreement, formalised yesterday, aims to advance smart city development and renewable energy projects in Thailand’s bustling capital. Chadchart stressed the importance of sustainable energy and efficiency,…
- Thailand News
Thailand urged to adopt nuclear power for carbon-zero goals
Nuclear power and artificial intelligence (AI) are suggested as viable public policies to assist Thailand in achieving carbon-zero and sustainable development goals. This solution is suggested by the Chief Executive Officer of the Charoen Pokphand (CP) Group, Suphachai Chearavanont. Speaking at the Bangkok Post Conference 2024, Suphachai emphasised the significance of these measures in Thailand’s sustainability efforts. He highlighted the…
- Technology News
Advancements in renewable energy technology
Renewable energy isn’t just a trending buzzword – it’s an essential piece of the puzzle as we strive for a greener tomorrow. Exciting developments in this field are not only shaking up how we think about power but also paving the way for a friendlier relationship with our planet. Cutting-edge technologies are sparking these improvements, playing a major part in…
- Thailand News
Thailand and Italy to strengthen ties in renewable energy
Thailand and Italy will intensify cooperation in renewable energy, sports tourism, medical science, pharmaceuticals, and defence, according to Deputy Government Spokeswoman Radklao Intawong Suwankiri. Prime Minister Srettha Thavisin and his Italian counterpart Giorgia Meloni will discuss these topics to bolster bilateral ties during the premier’s official five-day visit to Italy which started yesterday. Celebrating the 156th anniversary of diplomatic relations,…
- Thailand News
Nex Point Plc and Toyota Group unveil hydrgen-powered trucks
In a move towards greener transportation solutions, commercial electric vehicle (EV) giant Nex Point Plc has joined forces with Toyota Tsusho and Denso from Japan to pioneer hydrogen fuel cell vehicle (FCEV) trucks in Thailand. This groundbreaking memorandum of understanding aims to revolutionise the country’s transport sector and reduce greenhouse gas emissions. CEO Khanist Srivajiraprabha highlighted the significance of applying…
- Business News
CKPower sparks renewed growth under new leadership
CK Power Public Company Limited (CKPower), led by Managing Director Thanawat Trivisvavet, is set to continue its positive performance trend, buoyed by seasonal factors and a commitment to enhance its renewable energy capacity. The company’s goal aligns with its CKP NET ZERO EMISSIONS 2050 initiative. CKPower, one of the leading renewable energy producers with a minimal carbon footprint, disclosed a…
