Thailand is charting a new course in its energy landscape through its Power Development Plan (PDP) 2024, aimed at increasing its use of renewable energy. This plan marks a significant shift toward carbon neutrality and energy sustainability, reflecting global trends and aligning with international c Contact online >>
Thailand is charting a new course in its energy landscape through its Power Development Plan (PDP) 2024, aimed at increasing its use of renewable energy. This plan marks a significant shift toward carbon neutrality and energy sustainability, reflecting global trends and aligning with international commitments to combat climate change.
The revised Power Development Plan (PDP 2024) is Thailand''s strategic blueprint to navigate its energy future toward a low-carbon society. The revision stems from several critical factors, including economic changes post-COVID-19, evolving energy demands, and technological advancements such as solar rooftops and electric vehicles (EVs). Thailand’s energy strategy aims to bolster energy security, keep electricity costs economically viable, reduce environmental impacts, and enhance efficiency across its power systems .
One of the plan''s core strategies is to expand renewable energy capacity, targeting a diverse mix including solar, wind, biomass, biogas, and waste-to-energy sources. The plan outlines that by 2050, renewable energy should account for at least 50% of the country’s total power generation. This ambition is driven by the need to reduce greenhouse gas emissions, mitigate the effects of climate change, and comply with the global transition toward sustainable energy practices .
In addition to conventional renewables, the PDP 2024 emphasizes the role of emerging technologies such as small modular reactors (SMRs) and energy storage systems like batteries (BESS) to ensure a stable and reliable energy supply. The integration of hydrogen into natural gas for power production is also proposed, aiming to blend 5% hydrogen with natural gas by 2030 to reduce carbon emissions and facilitate a smoother energy transition .
Thailand''s PDP 2024 has set ambitious carbon reduction targets. By 2030, the plan aims to reduce CO2 emissions in the power sector to 67.7 million tons, a 40% reduction from current levels. By 2050, the target is further tightened to 41.5 million tons, which aligns with the national goal of achieving carbon neutrality by 2065. This commitment reflects Thailand’s intent to elevate its Nationally Determined Contributions (NDCs) under the Paris Agreement .
To reach these targets, Thailand''s energy strategy includes several measures:
While Thailand’s renewable energy roadmap is ambitious, it faces several challenges. The transition to a higher share of renewables requires substantial investments in infrastructure, technology, and human resources. The integration of intermittent energy sources like solar and wind into the national grid presents technical challenges that must be addressed through enhanced grid management technologies and energy storage solutions.
However, this transition also presents numerous opportunities. Expanding the renewable energy sector can drive economic growth, create jobs, and attract foreign investment. It can position Thailand as a regional leader in renewable energy and innovation, particularly in Southeast Asia. Moreover, the shift toward clean energy can improve public health by reducing air pollution and promoting sustainable development.
Thailand’s PDP 2024 represents a decisive step toward a sustainable energy future. With a focus on expanding renewable energy, reducing carbon emissions, and integrating advanced technologies, Thailand is poised to align itself with global energy trends. Achieving the ambitious goals set forth in the PDP will require coordinated efforts across government, industry, and society. However, if successfully implemented, Thailand''s energy transition can serve as a model for other nations seeking to balance growth with sustainability in an increasingly carbon-conscious world.
By pursuing this renewable energy roadmap, Thailand is not just responding to environmental imperatives but also seizing a strategic opportunity to transform its energy landscape, enhance energy security, and promote economic resilience in a rapidly changing global context.
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Cutting-edge battery systems to store wind-generated power will get off the ground in Thailand through a $4.75 million concessional loan from the Clean Technology Fund (CTF).
The finance will help launch the first private sector initiative in Thailand combining utility-scale wind power generation with a battery storage system. Through the Southern Thailand Wind Power and Battery Energy Storage Project, a 10-megawatt (MW) wind power plant will come online along with a 1.88-megawatt-hour (MWh) pilot battery energy storage system.
The battery system marks a significant step forward, as the plant can store energy when wind turbines generate more power than the electrical grid can absorb, and feed the stored power in at times of lower supply. The system ensures that supplies overall remain stable and reliable.
The CTF loan has been critical in overcoming the risk-related "bankability" challenges that such a project might otherwise face in debuting an innovative technology. The benefits stand to be substantial, including the annual generation of at least 14,870 MWh of electricity and the reduction of 6,364 tons of carbon dioxide emissions, beginning in 2020.
The Asian Development Bank (ADB) will channel the financing through a blended finance agreement with Lomligor Company Limited, a subsidiary of BCPG Public Company Limited. The agreement totals THB235.55 million ($7.2 million equivalent). Kasikornbank PCL is also supporting the project with a THB235.55 million ($7.2 million equivalent) loan.
"A decade ago, we helped support some of the first solar farms in Thailand, and today we are proud to continue driving clean energy innovation in Thailand alongside ADB and BCPG," said Mafalda Duarte, Head of the Climate Investment Funds. "This project shows that hybrid renewable energy plus storage facilities can provide affordable, dependable clean energy solutions to homes and businesses in Thailand."
"This project contributes to Thailand''s Power Development Plan targets for clean energy and also demonstrates the potential of integrated renewables and batteries," said Jackie B. Surtani, the ADB''s Infrastructure Finance Division director for Southeast Asia, East Asia, and the Pacific. "This will enhance the resilience of the region''s electricity grid, provide energy security for communities, and support economic growth across the country."
"Lomligor is the first wind power plant in Thailand to adopt energy storage system technology as the solution to the intermittency of wind power," said BCPG President Bundit Sapianchai. "This will help enhance energy management efficiency and the resilience of energy grids. We are grateful (for) such significant financial support, including CTF mobilization for the project."
CTF is one of two trust funds comprising the Climate Investment Funds (CIF), established in 2008 to provide financing for climate-related development.
As a leading renewable energy company in Thailand, BCPG has 507.5 MW of total installed capacity in operation. An additional 415.0 MW is under development. The company''s renewable energy investments comprise solar, geothermal, wind, hydro, biogas and biomass.
The Southern Thailand Wind Power and Battery Energy Storage Project is the first private sector initiative in Thailand to integrate utility-scale wind power generation with a battery energy storage system. Photo courtesy ofBCPG.
BANGKOK, THAILAND (18May 2020) — The Asian Development Bank (ADB) has signed a THB235.55 million ($7.2 million equivalent) loan with Lomligor Company Limited (Lomligor), a subsidiary of BCPG Public Company Limited (BCPG), to finance a 10-megawatt (MW) wind power plant in southern Thailand. The project utilizes an integrated 1.88-megawatt-hour (MWh) pilot battery energy storage system to increase the amount of renewable energy delivered to the grid.
The Southern Thailand Wind Power and Battery Energy Storage Project is the first private sector initiative in Thailand to integrate utility-scale wind power generation with a battery energy storage system. The battery system will allow energy to be stored when the wind turbines generate more power than the grid is able to absorb, which will help ensure the stability and reliability of the renewable energy source.
“This project contributes to Thailand’s Power Development Plan targets for clean energy and also demonstrates the potential of integrated renewables and batteries to provide clean energy for southern Thailand,” said Infrastructure Finance Division Director for Southeast Asia, East Asia, and the Pacific at ADB’s Private Sector Operations Department Jackie B. Surtani. “This will enhance the resilience of the region’s electricity grid, provide energy security for communities, and support economic growth across the country.”
“Lomligor is the first wind power plant in Thailand to adopt energy storage system technology as the solution to the intermittency of wind power,” said BCPG President Bundit Sapianchai. “This will help enhance energy management efficiency and the resilience of energy grids. We are grateful to ADB for acknowledging the initiative of Lomligor Project in applying energy storage system technology to energy production and providing BCPG with such significant financial support including Clean Technology Fund (CTF) mobilization for the project.”
The project will help increase the supply of renewable energy to Thailand’s domestic grid. It is expected to generate at least 14,870 MWh of electricity per year while reducing 6,364 tons of annual carbon dioxide emissions in the country beginning in 2020.
As part of ADB’s blended finance offering for the project, ADB will administer a $4.75 million concessional loan provided by CTF. The concessional loan was critical in overcoming some of the project’s bankability challenges and supports the scaling up and replication of battery storage projects in Southeast Asia. CTF is one of two trust funds comprising the Climate Investment Funds, established in 2008 to provide financing for climate-related development efforts. Kasikornbank PCL is also supporting the project with a THB235.55 million ($7.2 million equivalent) loan.
BCPG is a leading renewable energy company in Thailand with 507.5 MW of total installed capacity in operation and a further 415.0 MW under development. BCPG focuses on investments in renewable energy, including solar, geothermal, wind, hydro, biogas, and biomass.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
ADB Board of Governors has unanimously elected Masato Kanda as ADB''s 11th President.
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