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Thailand to increase share of renewable energy to 50 % by 2029

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Thailand has announced to increase the share of renewable energy to 50 % by 2029 under the national energy plan.

 

Thai Prime Minister Srettha Thavisin announced that the target aims to accommodate large-scale investments from foreign countries and reduce carbon emissions.

 

The PM said that the “government must guide energy policy to ensure success for its priority of ensuring a future of appropriate and competitive electricity bills,” a local report mentioned.

 

The government has been dwelling with relevant agencies, including the Ministry of Energy, PTT and the Provincial Electricity Authority, to reduce the energy costs.

 

As per the leader, Thailand aims to increase the current 28% share of “green” energy and renewable energy to 50% of the total electricity produced in the country to attract investments.

 

“Currently, Thailand is considered highly advantageous in this regard compared to other countries in the ASEAN region. This is due to the top-level reliability of our electricity, the well-developed power transmission infrastructure, and a private sector ready to invest in clean energy,” the PM was quoted as saying.

 

The latest development comes at a time when Thailand has emerged as a leader in the region in terms of solar energy development.

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