Forecast and Latest Updates
- This quarter we have maintained our previous forecasts for Thailand's non-hydro renewables industry. We project the renewables capacity to rise from 3.3GW in 2015 to around 6.3GW by 2025. This growth will be largely fuelled by solar and biomass & waste sectors, while additions from wind power will remain limited.
- Non-hydro renewables generation will average 6.4% annual growth rate between 2016 and 2025, lifting the total generation figure to 16.3TWh by the end of our forecast period. Biomass & waste sector will remain the largest contributor, accounting for more than 60% to the total energy generation, with another 30% coming from solar by 2025.
- Thailand-based Techen Technologies started production at a photovoltaic (PV) panel manufacturing plant in Thailand in October 2016. Located in the eastern province of Chonburi, the factory has entailed an investment of around USD100mn. The facility has a capacity to manufacture 300MW of photovoltaic panels a year.
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