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.
×

Sign up to download the Thailand Renewables Report

By submitting this form you are acknowledging that you have read and understood our Privacy Policy.

Thank you for your interest

You will shortly receive your free executive summary by email.

Thailand Renewables Report
Product Price
$1,295.00

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

Renewables Headline Forecasts (Thailand 2015-2021)
2015e 2016f 2017f 2018f 2019f 2020f 2021f
e/f = BMI estimate/forecast. Source: EIA, National sources, BMI
Generation, Non-Hydropower Renewables, TWh 8.790 9.650 10.350 10.920 11.600 12.260 13.010
Generation, Non-Hydropower Renewables, % y-o-y 25.280 9.700 7.320 5.470 6.220 5.730 6.110
Capacity, Non-Hydroelectric Renewables, MW 4,023.9 4,491.3 4,854.1 5,164.7 5,444.2 5,722.5 6,056.2
Capacity, Non-Hydroelectric Renewables, % y-o-y 38.2 11.6 8.1 6.4 5.4 5.1 5.8

Latest Updates and Structural Trends

  • Our forecasts for Thailand's non-hydro renewables industry remain optimistic. We expect total non-hydro renewables capacity growth to average 6.5% across our forecast period, reaching a total of 7,564MW in 2025. In terms of generation, the industry will record a similar average growth of 6.4% per annum, totalling 16.3TWh in 2025.

  • Thailand will remain a notable solar outperformer in the South East Asia region over our 10-year forecast period, with solar capacity totalling 3.7GW by 2025 - driven by the country's feed-in tariff programme and local manufacturing capacity, which is resulting in strong investor interest in the market. However, the lack of additional procurement plans will see solar capacity growth slow after an initial boom in 2015/2016.

  • In March 2016, Chinese company Trina Solar has opened a photovoltaic (PV) modules factory in the city of Rayong. The facility has a capacity to manufacture 500MW of PV modules and 700MW of cells a year. Subject to overseas demand, PV module production can be increased to more than 600MW.

  • In February 2016, a joint venture between Japanese companies Toshiba Corp and Mitsubishi Electric Corp established its subsidiary in Thailand. The new company, called TMEIC Asia Co, will engage in the sales of electric equipment and systems, including PV inverters, as well as provide engineering services (SeeNews Renewables).

BMI Industry View
7
Table: Renewables Headline Forecasts (Thailand 2015-2021)
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 2014-2019)
18
Table: Total Electricity Generation Data And Forecasts (Thailand 2020-2025)
19
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2014-2019)
20
Table: Electricity Generating Capacity Data And Forecasts (Thailand 2020-2025)
20
Thailand Renewables Projects Database
22
Table: Thailand - Top 10 Renewables Projects By Capacity
22
Industry Risk Reward Index
23
Industry Risk/Reward Index
23
Rewards
23
Risks
23
Market Overview
25
Sustainable Energy Policy And Infrastructure
25
Targets
25
Subsidies
26
Table: Renewable Feed-In Tariffs In Thailand, 2010
27
Table: Residential Solar Feed-In Tariffs In Thailand, 2013
28
Infrastructure
29
Competitive Landscape
30
Electricity Generating Authority Of Thailand (EGAT)
31
EGCO
31
Glow Energy
31
Ratchaburi Electricity Generating Holding Public Company Ltd (RATCH)
32
Wind Energy Holdings (WEH)
32
Glossary
33
Table: Glossary Of Terms
33
Methodology
34
Methodology And Sources
34
Industry Forecast Methodology
34
Sources
36
Risk/Reward Index Methodology
36
Table: Renewables Risk/Reward Index Indicators
38
Table: Weighting Indicators
39

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.