Renewable energy
- 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
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
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…
- 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,…
- 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
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…
- 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’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…
- Business News
Gunkul Engineering targets 25 billion baht to fund renewable energy projects
Gunkul Engineering Plc, a leading renewables developer and construction company, announced intentions to generate 20.8-25 billion baht (US$607 million-730 million) through fundraising. The raised funds are earmarked for the development of 17 renewable energy initiatives, as part of the government’s 5.2-gigawatt renewable scheme. The company’s chief financial officer, Thitipong Techaratanayuenyong, disclosed the plans. In the previous year, Gunkul Engineering participated…
- 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…
- 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
BGRIM’s solar sonata: Renewable energy giant strikes the right chord in Italy
BGRIM, a leading player in the renewable energy sector, has launched a new project for a solar power plant in Italy. The Ortanova project involves the development of an 80.9-megawatt ground solar energy system, complete with a tracking system. This initiative is in response to the growing global demand for clean energy. The undertaking is steered by RES Co Sicilia…
- 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
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
CKP and BEM partner for Thailand’s first solar-powered mass transit rail
CK Power Plc (CKP) Bangkok Expressway and Metro Plc (BEM) have forged a partnership to bring the first solar-powered mass transit rail systems to Thailand. The collaboration aims to utilise solar energy to power the MRT Chalerm Ratchamonkol Line (MRT Blue Line) and the MRT Chalong Ratchadham Line (MRT Purple Line) which, combined, span over 71 kilometres and have 54…
- 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
GPSC set to invest 8.28 billion baht in India’s Avaada Energy
Embarking on a mission to bolster its renewable energy portfolio, Global Power Synergy Plc (GPSC), the power production offshoot of PTT Plc – the national oil and gas conglomerate, is looking at investing upwards of 19.1 billion rupees (roughly 8.28 billion baht) in India-based Avaada Energy Private. This investment is aimed at leveraging the upswing in electricity demand in the…
- Business News
Electrifying expansion: Demco sparks digital tech and renewable energy growth
Demco yesterday announced expansion plans focusing on diversifying the company’s business into digital technology and enhancing its renewable energy portfolio. As a stock exchange of Thailand (SET)-listed contractor and engineering service provider, the company acknowledges not getting involved in the state renewable development scheme during its first phase. Pongsak Sirikupt, the company’s chief executive and managing director, revealed that Demco’s…
- Business News
Thailand’s TPIPP allocates 14 billion baht to phase out coal by 2026
TPI Polene Power Plc (TPIPP), the leading waste-to-energy project developer and operator in Thailand, is set to continue its five-year capital expenditure plan of 14 billion baht. The plan, which began last year, aims to replace coal usage with renewable energy sources and increase the company’s power generation capacity. TPIPP has earmarked 3 billion baht for projects focused on reducing…
- Business News
BAFS targets 7.5 billion baht revenue by 2026 with renewable energy focus
Bangkok Aviation Fuel Services Plc (BAFS) is predicting its revenue to hit 7.5 billion baht by 2026, with a significant boost from its diversification into renewable energy development. Although the jet refuelling service, which has bounced back from pandemic-induced losses over the past three years, remains the company’s primary focus, its earnings proportion is expected to decrease. BAFS estimates that…
- Economy News
US and Thailand advance energy cooperation in recent discussions
The United States and Thailand have recently agreed to advance energy cooperation during talks in Washington, DC. The Office of the Spokesperson for the US Department of State issued a joint press statement revealing that the discussions took place during the third US-Thailand Energy Policy Dialogue, held from April 18 to April 20. Both nations aimed to deepen their ties…
- Thailand News
Thailand accelerates shift to renewables amid global energy crisis fallout
The global energy crisis has prompted Thailand to accelerate its transition to renewable energy after years of hesitation, joining other countries in adopting wind and solar power to reduce dependency on imported fuels. Thailand’s reconsideration of its renewable energy strategy came after a surge in natural gas prices last year caused by Russia’s invasion of Ukraine, according to Wattanapong Kurovat,…
