Thailand margas energy

Why is natural gas a problem in Thailand?

Depleting natural gas reserves at home have bumped up the share and cost of fuel imports, presenting a growing challenge for the country. The Thai government has solidified a commitment for renewable energy to make up at least 50% of new power generation capacity by 2050.

What is Thailand's energy mix in 2023?

A recent analysis of Thailand’s 2023 energy generation mix reveals that natural gas accounts for 59% of the country’s power. Solar and wind contribute 10%, while coal and lignite represent 14%. A smaller share, 13%, comes from hydropower, with the remaining 3% from other sources, including imported energy.

Will Thailand increase reliance on renewables?

Thailand plans to increase reliance on renewables, particularly solar, wind and biomass, as alternatives to gas. This will see an expected 5.5 GW of renewable energy capacity growth by 2030.

Does Thailand need a decarbonized energy mix?

But Thailand has significant challenges to overcome on its way to reaching these goals and developing a decarbonized, more flexible energy mix. Thailand has a relatively low share of coal in its power mix, but natural gas accounts for close to two-thirds of its electricity generation.

Can a zero-carbon power system be implemented in Thailand?

By modelling different scenarios, Barua’s research identifies the economic feasibility and technical requirements for a zero-carbon power system in Thailand. The SWITCH model’s ability to incorporate multiple investment periods and manage the complexities of renewable energy integration makes it invaluable in planning for Thailand’s energy future.

Does Thailand have a wind market?

Thailand’s current wind market, much like solar, is dominated by local players backed by large energy conglomerates. Higher feed-in-tariffs compared to those offered for other renewable technologies position wind as an attractive play in Thailand, with IRR as high as 10% to 11%.