Thailand accelerates shift to renewables amid international vitality disaster fallout

The global energy crisis has prompted Thailand to accelerate its transition to renewable vitality after years of hesitation, becoming a member of other international locations in adopting wind and solar power to reduce dependency on imported fuels.
Thailand’s reconsideration of its renewable power strategy got here after a surge in natural gas costs final yr attributable to Russia’s invasion of Ukraine, based on Wattanapong Kurovat, director-general of the Energy Policy and Planning Office. Recession-proof was compounded by a decline in domestic production, Bangkok Post reported.
In an interview in Bangkok, Wattanapong explained that when Thai authorities requested more vitality from renewable plants last year, they discovered that the out there capability was already at its limit. Unlike some international locations branching into coal mines or gasoline fields in response to soaring global fuel costs, Thailand recognises the potential in solar panels and wind turbines for fostering energy independence.
The Thai government’s energy security push final month led to the announcement of an influence purchase plan masking roughly five gigawatts of renewables, the biggest feed-in tariff programme thus far. This funding is predicted to essentially double wind and solar capacity by 2030. Furthermore, authorities are planning a further spherical for three.67 gigawatts later this year, Wattanapong revealed.
This coverage shift reverses Thailand’s earlier preference for pure gasoline as a transition gasoline before adopting cleaner sources, as renewable projects in some rising nations face challenges like grid restraints, bureaucracy, and funding deficits.
Thailand’s heavy reliance on liquefied pure gas (LNG) imports for power era has pushed up prices considerably, saddling the Electricity Generating Authority of Thailand (EGAT) with approximately a hundred and fifty billion baht in expenses to curb utility bill hikes in the past 12 months.
Rising power costs have also turn out to be a significant concern within the campaign for the May 14 General Election, with several events suggesting measures to cut back energy payments. Consequently, Wattanapong asserts, the development of home renewable energy sources has turn out to be extra urgent.
The government’s upcoming power growth plan, scheduled for proposal to a new Cabinet later this year, will characteristic more formidable renewable vitality targets, according to Wattanapong. These adjustments goal to help Thailand reach its local weather goals of reducing emissions by 30-40% by 2030, with a goal of achieving web zero by 2065. The revised plan will see renewables constituting over 50% of the power generation combine by 2037, a significant enhance from the current 20%.
The urgency of this case is underscored by dwindling home gas manufacturing. Output at Erawan, Thailand’s largest natural gasoline area located in the Gulf of Thailand, fell by 64% final yr after US-based Chevron Corp transferred management of the positioning to the state-owned PTT Exploration & Production Plc. Although the government aims to increase domestic output via 2024, it additionally intends to reduce back dependence on natural gasoline as it continues to deplete. Wattanapong said…

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