Wind and Solar Energy Storage Project in Chiang Mai Thailand
Thailand"s Energy Regulatory Commission has approved a Feed-in-tariff (FIT) scheme for renewable energy, which carries the inclusion of utility-scale solar, battery energy storage,
There are currently few grid-scale energy storage projects in Thailand, although the situation is likely to change. In furtherance of its commitments under the Paris Agreement, the Thai government has enacted policies which envisage renewable energy accounting for the majority of grid capacity and output by 2040.
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.
Energy storage is in its infancy in Thailand, and new business models are already emerging. As the regulatory framework adapts to accommodate new players in the market, we expect to see greater penetration in this area. Notes Energy Policy and Planning Office, Ministry of Energy, electricity statistics
Thailand's current thermal power plants typically supply heat (along with power) to purchasers in neighbouring industrial estates. As the energy transition results in fewer power plants fuelled by coal and natural gas, industry will need to procure heat from alternative sources.
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