Solar energy storage in thailand

What is Solar & Storage Thailand?

Solar & Storage Thailand is your one-stop shop to take the pulse of Thailand’s solar, energy storage and grid infrastructure market.

Why is energy storage important in Thailand?

Recognizing the significance of energy storage in addressing intermittency and volatility, the country has included energy storage in its energy policies. Sungrow, a leading solar inverter, and energy storage system supplier, is at the forefront of Thailand’s solar-plus-storage revolution.

How much is fit for solar in Thailand?

In an unexpected move, the government of Thailand has introduced a feed-in-tariff (FIT) of THB 2,1679 ($0.057)/kWh over 25 years for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.

Does Thailand need a battery energy storage system?

Thailand may lack the Battery Energy Storage Systems (BESS) necessary to navigate supply and demand challenges. The 2024 PDP draft included 10,000 MW of BESS, but this may see the country struggle to fulfil carbon neutrality and Net Zero commitments over the coming decades.

How will Thailand's solar capacity grow in 2024?

According to Mordor Intelligence, Thailand’s solar capacity is expected to grow from 3.9 GW in 2024 to 5.52 GW by 2029, achieving a compound annual growth rate (CAGR) of 7.2%. The Alternative Energy Development Plan (AEDP) aims to boost renewable energy adoption, supported by: Feed-in tariffs (FiT): Financial      incentives for solar producers.

How much solar capacity does Thailand have?

Thailand currently has 3.47 GW of installed solar capacity, according to Apricum. The country has updated its 2037 solar targets by reducing the solar capacity target to 8.7 GW and keeping the target for floating solar at 2.73 GW. This content is protected by copyright and may not be reused.