Thailand Renewables Report

Published 01 September 2015

  • 44 pages
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  • Includes 3 free updated quarterly reports
Thailand Renewables Report

BMI View : Despite the political turmoil leading to a military coup in May 2014 there are signs that our previous forecast still holds in place as the ruling regime sees solar energy projects as key to attracting foreign investors scared off by recent events. We have further revised upwards solar energy production in our 10- year forecast. In 2015 non-hydropower renewable generation will expand by around 11.8%, with growth primarily in solar and wind generation. Growth in solar will be driven by commercial- and residential-scale projects, with companies such as Thailand's SPCG maintaining a large pipeline of commercial solar projects. Even though SPCG has already completed 36 solar power projects with a combined capacity of around 260MW over the past four years, the pipeline remains large. We note that Thailand's new government is in the midst of revamping the privileges and regulations for the renewables sector. In March the government shifted from PPA agreements to Feed-in-Tariffs. The new system will provide more financial stability an d longer terms for investors.

We largely maintain our 2015 forecasts for non-hydropower renewables generation and capacity in Thailand this quarter as our assumptions remain relevant. Growth in 2015 will be driven largely by the solar sector, with the wind and biomass sectors playing second fiddle. We have however reduced our overall renewable growth with a further increase in solar compensating a reduction in wind and biomass energy production. We forecast non-hydropower renewables generation to grow by an average of 8.2% per annum between 2015 and 2024 against our previous 11.2% forecast. Our sanguine long-term outlook can be attributed to the unsustainable nature of the country's current energy mix and the increasingly attractive regulatory conditions for renewables.

Recent developments include:

  • In December 2014, NEPC introduced a new FiT programme for Very Small Power Producers (VSPPs) - with less than 10MW...

BMI Industry View
Industry Forecast
Thailand Renewables Forecast Scenario
Table: Total Electricity Generation Data And Forecasts (Thailand 2013-2018)
Table: Total Electricity Generation Data And Forecasts (Thailand 2019-2024)
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2013-2018)
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2019-2024)
Table: Feed-In Tariffs And Adder Programme For Solar Energy
Table: Renewable Energy Targets - 2013
Thailand Renewables Projects Database
Table: Thailand Major Projects - Renewables
Industry Risk Reward Index
Industry Risk/Reward Index
Market Overview
Sustainable Energy Policy And Infrastructure
Targets (Renewables And Emissions)
Table: Renewable Feed-In Tariffs In Thailand, 2010
Table: Residential Solar Feed-In Tariffs In Thailand, 2013
Competitive Landscape
Electricity Generating Authority Of Thailand (EGAT)
Glow Energy
Ratchaburi Electricity Generating Holding Public Company Ltd (RATCH)
Wind Energy Holdings (WEH)
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

The Thailand Renewables Report researched at source contains BMI Research's assessment of the current renewables market in Thailand. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Thailand, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Thailand, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Thailand Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Thailand renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Thailand to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Thailand renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Thailand, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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