Thailand Energy Storage Project Procurement

What is Thailand's 2024 Power Development Plan?

Thailand’s 2024 power development plan (PDP) aims to increase renewable energy use, highlighting the importance of BESS alongside solar panels and wind turbines. This could create new business opportunities for entrepreneurs if prices decrease or new technologies emerge for stationary batteries.

Will Thailand implement a direct power purchase agreement (PPA)?

Thailand is on the verge of a significant shift in its energy procurement strategy with plans to implement a direct power purchase agreement (PPA) framework.

Does Thailand have a 5 GW Power Purchase Agreement & feed-in tariff scheme?

Since the introduction of Thailand’s 5 GW Power Purchase Agreement (“PPA”) and Feed-in Tariff (“FiT”) scheme in 2022, the country has made significant strides towards renewable energy transition.

What is a PPA & how does it work in Thailand?

The new PPA framework aims to allow direct negotiations between producers and businesses, creating a more dynamic market environment that could stimulate investment in Thailand’s renewable sector. The Thai government is set to revolutionize its renewable energy procurement process by introducing direct power purchase agreements (PPAs).

Can Bess create business opportunities in Thailand?

Watcharin Boonyarit, director of solar energy development at the Department of Alternative Energy Development and Efficiency, noted the potential for BESS to create business opportunities as Thailand transitions to renewable power sources. “We should not only import BESS but also consider new investment projects in this battery business.”

Could a sodium-ion battery be a new business opportunity in Thailand?

The Federation of Thai Industries’ Renewable Energy Industry Club sees potential in sodium-ion battery (SIB) production as an alternative to lithium-ion batteries. SIBs, made from rock salt, could offer a new business opportunity given Thailand’s abundant rock salt reserves.