Thailand Renewables Report

Providing expert analysis, independent forecasts and competitive intelligence on the Renewables industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BM's Renewables Risk Reward Index, Market Overview, Business Environment Rankings and Competitive Landscape.

Why you should buy this report

  • Benchmark BMI's independent renewables industry forecasts to test other views
  • Understand the threats to your operations and investments and protect your company against future risks
  • Gain insight on emerging trends that could support, strengthen or disrupt your activities in the market
  • Get a full view of the competitive landscape to assess your market position.
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Thailand Renewables Report
Product Price
$1,295.00

BMI View : We believe that supportive energy policy and regulatory environment, combined with the government's strong commitment to diversify the power mix, will continue to attract investment into the country's non-hydro renewables industry. Growth will be driven by particularly strong expansion in the solar segment, with notable additions coming from biomass and wind.

Renewables Headline Forecasts (Thailand 2015-2021)
2015 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: EIA, National Sources, BMI
Generation, Non-Hydropower Renewables, TWh 8.902 9.880 10.616 11.231 11.956 12.667 13.432
Generation, Non-Hydropower Renewables, % y-o-y 27.509 10.983 7.452 5.785 6.457 5.947 6.041
Capacity, Non-Hydroelectric Renewables, MW 4,352.4 4,812.6 5,203.6 5,488.3 5,796.6 6,101.6 6,438.2
Capacity, Non-Hydroelectric Renewables, % y-o-y 46.0 10.6 8.1 5.5 5.6 5.3 5.5

Latest Updates and Structural Trends

  • We maintain our positive outlook on Thailand's non-hydro renewables industry. We expect total non-hydro renewables capacity growth to average 6.1% across our forecast period, reaching a total of 7,835MW in 2025. In terms of generation, the industry will record a slightly stronger average growth of 6.7% per annum, totalling 16.6TWh in 2025.

  • Yingli Green Energy announced in January 2016 that it will establish a 300MW photovoltaic (PV) panel production plant in Rayong, Thailand in conjunction with Thai company Demeter Corporation.

  • In late 2015, China-based firm Zhongli Talesun Solar opened a 500MW PV module production facility in Thailand. The plant, situated at an industrial park in the Thai city of Rayong, will produce 500MW of cells and 500MW of modules in particular. The Chinese firm noted in a press release that it might extend the CNY2bn (USD314mn) facility with an additional 500MW in 2016.

  • We believe the Thai solar market is becoming increasingly attractive to Chinese solar companies, as they look to offset the overcapacity in their domestic market and seek out alternative growth opportunities. We expect those companies who are focusing heavily on expanding beyond their domestic market to outperform others with a smaller international footprint.

BMI Industry View
7
Table: Renewables Headline Forecasts (Thailand 2014-2024)
7
Latest Updates and Structural Trends
7
SWOT
8
Industry Forecast
10
Thailand Renewables Forecast Scenario
10
Latest Updates
10
Structural Trends
10
Table: Total Electricity Generation Data And Forecasts (Thailand 2013-2018)
16
Table: Total Electricity Generation Data And Forecasts (Thailand 2019-2024)
17
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2013-2018)
18
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2019-2024)
19
Thailand Renewables Projects Database
19
Table: Thailand - Top 10 Renewables Projects By Capacity (MW)
19
Industry Risk Reward Index
21
Industry Risk/Reward Index
21
Rewards
21
Risks
21
Market Overview
23
Sustainable Energy Policy And Infrastructure
23
Targets
23
Subsidies
24
Table: Renewable Feed-In Tariffs In Thailand, 2010
25
Table: Residential Solar Feed-In Tariffs In Thailand, 2013
26
Infrastructure
27
Competitive Landscape
28
Electricity Generating Authority Of Thailand (EGAT)
29
EGCO
29
Glow Energy
29
Ratchaburi Electricity Generating Holding Public Company Ltd (RATCH)
30
Wind Energy Holdings (WEH)
30
Glossary
31
Table: Glossary Of Terms
31
Methodology
32
Methodology And Sources
32
Industry Forecast Methodology
32
Sources
34
Risk/Reward Index Methodology
34
Table: Renewables Risk/Reward Index Indicators
36
Table: Weighting Indicators
37

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.

Coverage

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.