Thailand Renewables Report

Published 18 May 2015

  • 42 pages
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$1,295.00
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 invest ors scared off by recent events. We have further revised upwards solar energy production in our ten year forecast. In 2015 non-hydropower renewable generation will grow 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 for solar power projects remains large. We note that the new Thai government is in the midst of revamping the privileges and regulations for the renewables sector and believe that more attractive regulations could be introduced in 2015. Therefore 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.

We are maintaining mostly unchanged 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....

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
11
Thailand Renewables Forecast Scenario
11
Table: Total Electricity Generation Data And Forecasts (Thailand 2013-2018)
11
Table: Total Electricity Generation Data And Forecasts (Thailand 2019-2024)
12
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2013-2018)
14
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2019-2024)
15
Table: Feed-In Tariffs And Adder Programme For Solar Energy
17
Table: Renewable Energy Targets - 2013
20
Thailand Renewables Projects Database
21
Table: Thailand Major Projects - Renewables
21
Industry Risk Reward Index
25
Industry Risk/Reward Index
25
Rewards
25
Risks
25
Market Overview
27
Sustainable Energy Policy And Infrastructure
27
Targets (Renewables And Emissions)
27
Subsidies
27
Table: Renewable Feed-In Tariffs In Thailand, 2010
28
Table: Residential Solar Feed-In Tariffs In Thailand, 2013
30
Infrastructure
30
Competitive Landscape
32
Electricity Generating Authority Of Thailand (EGAT)
33
EGCO
33
Glow Energy
33
Ratchaburi Electricity Generating Holding Public Company Ltd (RATCH)
34
Wind Energy Holdings (WEH)
34
Glossary
35
Table: Glossary Of Terms
35
Methodology
36
Methodology And Sources
36
Industry Forecast Methodology
36
Sources
38
Risk/Reward Index Methodology
38
Table: Renewables Risk/Reward Index Indicators
40
Table: Weighting Indicators
41

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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc