Thailand accelerates shift to renewables amid world vitality crisis fallout

The global energy crisis has prompted Thailand to speed up its transition to renewable power after years of hesitation, joining other nations in adopting wind and solar power to cut back dependency on imported fuels.
Thailand’s reconsideration of its renewable energy strategy got here after a surge in pure fuel prices last yr caused by Russia’s invasion of Ukraine, in accordance with Wattanapong Kurovat, director-general of the Energy Policy and Planning Office. This problem was compounded by a decline in domestic manufacturing, Bangkok Post reported.
In an interview in Bangkok, Wattanapong explained that when Thai authorities requested more energy from renewable vegetation last year, they found that the available capability was already at its restrict. Unlike some nations branching into coal mines or gas fields in response to hovering international fuel prices, Thailand recognises the potential in solar panels and wind turbines for fostering power independence.
The Thai government’s energy security push final month led to the announcement of an influence purchase plan overlaying roughly 5 gigawatts of renewables, the most important feed-in tariff programme thus far. This funding is predicted to basically double wind and photo voltaic capability by 2030. Furthermore, authorities are planning an extra round for 3.sixty seven gigawatts later this 12 months, Wattanapong revealed.
Anonymous reverses Thailand’s earlier desire for natural gasoline as a transition gasoline before adopting cleaner sources, as renewable initiatives in some rising countries face challenges like grid restraints, forms, and funding deficits.
Thailand’s heavy reliance on liquefied natural gasoline (LNG) imports for energy technology has pushed up prices significantly, saddling the Electricity Generating Authority of Thailand (EGAT) with roughly one hundred fifty billion baht in expenses to curb utility invoice hikes prior to now year.
Rising energy costs have also turn out to be a significant concern within the marketing campaign for the May 14 General Election, with a quantity of parties suggesting measures to minimize back energy payments. Consequently, Wattanapong asserts, the event of domestic renewable energy sources has become extra urgent.
The government’s upcoming power growth plan, scheduled for proposal to a new Cabinet later this 12 months, will feature extra bold renewable energy targets, according to Wattanapong. These changes aim to help Thailand attain its climate aims of reducing emissions by 30-40% by 2030, with a aim of reaching web zero by 2065. The revised plan will see renewables constituting over 50% of the facility generation combine by 2037, a significant improve from the present 20%.
The urgency of this example is underscored by dwindling domestic gasoline production. Big at Erawan, Thailand’s largest pure gas field located within the Gulf of Thailand, fell by 64% final yr after US-based Chevron Corp transferred control of the location to the state-owned PTT Exploration & Production Plc. Although the government aims to increase domestic output through 2024, it also intends to minimize back dependence on natural gasoline because it continues to deplete. Wattanapong said…

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