Is Thailand a good place to invest in solar energy?

Thailand has made significant strides in solar energy, with numerous large-scale solar farms. The FiT scheme has been pivotal in encouraging investment in solar projects, making them a lucrative option for renewable energy companies. These farms not only contribute to the energy mix but also exemplify Thailand’s potential in harnessing solar power.

Who dominates the solar PV market in Thailand?

In regard to production, SPPs (Small Power Producers) and VSPPs (Very Small Power Producers) dominate the solar PV Thai market, a situation that is not expected to change over the next two decades. In fact, EGAT's final target in terms of solar PV production by 2038 is only 3%.

Will Thailand triple its solar power capacity?

Thailand has installed nearly 3 GW of solar power capacity, more than all other countries of the ten-member Association of Southeast Asian Nations, or ASEAN, combined. Moreover, the country looks to potentially triple its solar power capacity as it looks to renewables to help meet an expected surge in energy demand.

Are solar rooftops a good idea in Bangkok?

Eder reckoned solar rooftop installations are already widely popular in Bangkok as well as the various production plants in the country’s Eastern seaboard. “The owners of factories, buildings, and residences have installed solar rooftops to produce their own electric power and cut back on expenses,” he said.