Renewable energy
- 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 powers up clean energy game with 3 new hydropower projects
Thailand is set to enhance its clean energy capacity with the development of three additional hydropower dams by the Electricity Generating Authority of Thailand (EGAT). These dams will function as substantial batteries, thanks to a 90-billion-baht (US$2.65 billion) investment aimed at bolstering the country’s electricity supply amid concerns about the intermittency of solar and wind power. Egat is currently conducting…
- 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
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
FTI disappointed by the underutilisation of biomass and biogas
The Federation of Thai Industries (FTI) expressed discontent with the state’s plan to reduce biomass and biogas fuels in the upcoming power development plan (PDP). The FTI advocates for maintaining or increasing the proportion of these fuels to better utilise agricultural waste. Scheduled for enforcement from 2024 to 2037, the PDP promotes a substantial increase in renewable power, with a…
- 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…
- 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…
- Bangkok News
Power move: Energy Ministry to introduce National Energy Plan
The Energy Ministry announced yesterday that it is gearing up to unveil the National Energy Plan 2024 in September. This comprehensive strategy promises to revolutionise Thailand’s energy landscape with the introduction of nuclear plants and a pledge to cap electricity costs at under 4 baht per unit. The Energy Policy and Planning Office (EPPO) revealed that this master plan will…
- 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,…
- Business News
BGRIM to invest US$3.39m in Middle East’s energy market
A dominant player in the power industry, BGRIM disclosed its plans to infiltrate the Middle Eastern clean energy market, with an investment approaching US$3.39 million for a 40% stake in the independent power producer, ThreeEightSix Holdings Ltd. The company’s president, Harald Link, confirmed this strategic investment that focuses on commercial and industrial solar assets within the Gulf Cooperation Council region,…
- Business News
Thai renewable energy industry urges govt to revise trade system
The Federation of Thai Industries’ Renewable Energy Industry Club urged the government to revise the country’s electricity trade system from the longstanding enhanced single buyer (ESB) model, arguing it hampers the growth of renewable energy. The ESB structure, which designates the Electricity Generating Authority of Thailand (EGAT) as the sole entity that sells electricity to the public, is seen as…
- 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
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…
- Business News
Thailand and Cambodia discuss joint petroleum exploration in Gulf
Prime Minister Srettha Thavisin of Thailand and Cambodian counterpart Hun Manet have instigated discussions about the potential for joint petroleum exploration and production in the Gulf of Thailand. The overlapping claims area (OCA), an area of 26,000 square kilometres that is believed to be rich in fossil fuels, is the focal point of these negotiations. The OCA is considered a…
- Business News
Thailand’s new green utility tariff boosts renewable energy use
The unveiling of a Green Utility Tariff (GUT) next month is set to bring about a significant progression in renewable energy use within Thailand, bolstering local businesses and attracting foreign investment. This move has been eagerly awaited by numerous companies considering expansion into Thailand, as they seek not only the necessary infrastructure but also a source of clean energy to…
- Business News
Thailand recalibrates incentives to boost renewable energy initiative
The Industry Ministry is set to recalibrate incentive packages for organisations as part of the RE100 global renewable energy initiative. This move is intended to allure more investors and facilitate new investment within the nation. RE100, a worldwide initiative comprising hundreds of companies, is committed to 100% renewable energy usage. This aligns with Thailand’s ambitions of reducing carbon dioxide emissions…
- Thailand News
Vietnam’s plan to import Laos wind power
Vietnam Electricity (EVN) has submitted a proposal to import wind power from the Lao People’s Democratic Republic (Lao PDR) to Quang Tri Province. EVN, not one to shy away from bold decisions, has urged the Ministry of Industry and Trade (MoIT) to review and present the proposition to the prime minister. The ambitious plan revolves around tapping into the potential…
- Thailand News
Thailand’s path to net-zero: 6 mega-trends to combat carbon missions
Renewable energy, electric vehicles, hydrogen, and the circular economy are the knights in shining armour, charging into the battleground of carbon emissions, claims Melissa Moi, the head of sustainable business at the United Overseas Bank (Thailand). This revelation comes on the heels of the 28th United Nations Climate Change Conference, COP28, where the imminent industrial upheaval stole the spotlight. Climate…
- Business News
BCPG to divest its nine solar farms in Japan for strategic reinvestment
BCPG Plc, Bangchak Group’s power generation subsidiary, is planning to divest all its nine solar farms in Japan, in a strategic move to revamp its long-term investment in renewable energy. The assets on sale include equity worth 6.93 billion baht and net debt totalling 3.44 billion baht. The company has entered into an asset purchase agreement with Danish renewable energy…
- Business News
Thailand’s PM courts tech giants for digital sector investment
Prime Minister Srettha Thavisin has been courting major corporations in a bid to bolster foreign direct investment (FDI) in Thailand’s digital and high-tech sectors. This comes after the initial deals struck for tech investment under the previous administration. During his recent visit to the US, the 61 year old Thai PM engaged with several technology behemoths, imploring them to consider…
- Business News
ACE’s 18 solar projects to boost revenue with 665m baht annually
Absolute Clean Energy (ACE), a prominent biomass power developer and operator based in Bangkok, is set to see a significant increase in revenue following the selection of its 18 solar power generation ventures to feed the national grid. The projects are being executed under the umbrella of ACE’s 14 entirely owned subsidiary companies. ACE, in a recent announcement by its…
- Business News
Siam Piwat’s ambitious goal: 100% renewable energy by 2030
Siam Piwat Group, a pioneer in Thailand’s real estate and retail sector, is making strides towards sustainability by seeking diverse collaborations. The group has set an ambitious target to shift all its properties to 100% renewable energy by 2030. According to the group’s chief operating officer, Naratipe Ruttapradid, Siam Piwat is reinforcing its leadership in sustainable world-class destination development through…
- Business News
Solar sparks fly: SPCG revs up to electrify Eastern Economic Corridor
After nearly two years of delay, SPCG, a leading solar farm developer in Thailand, is set to start construction of solar farms within the Eastern Economic Corridor (EEC). SPCG anticipates generating a combined power capacity of 500 megawatts. The delay was due to the need to identify suitable areas for the project and awaiting the license approval from the new…
- World News
Thailand’s EGCO anticipates major returns from US clean energy investment
Electricity Generating (EGCO), a subsidiary of the state-run Electricity Generating Authority of Thailand, anticipates significant revenue from its investment in Apex Clean Energy Holdings LLC. The company’s president, Thepparat Theppitak, expressed optimism about the potential benefits generated by Apex in the coming years, especially since the United States, where Apex runs its projects, is one of the world’s largest markets…
- Business News
PTTEP plans Middle East expansion for greater petroleum output and renewable energy
PTT Exploration and Production Public Company Limited (PTTEP) announced its strategic plans to centre business operations in the Middle East to expand petroleum output and explore opportunities for innovative energy enterprises, revealed Montri Rawanchaikul, PTTEP’s Chief Executive and President. On the domestic front, the company aims to escalate gas production at the Erawan gas field to 800 million standard cubic feet…
- Business News
PTT Plc amplifies renewable energy drive with hydrogen fuel advancement
National energy titan PTT Plc is bolstering initiatives to harness additional renewable power sources and progress its hydrogen fuel enterprise, as part of a strategy for sustainable company growth. Cherdchai Boonchoochauy, Senior Executive Vice President for Innovation and New Ventures, specified that PTT’s existing blueprint is to create 12 gigawatts of renewable electricity and restrict power generated from non-renewable fuels…
