Business Monitor International


Thailand Renewables Report

Published 21 February 2014

  • 37 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Thailand Renewables Report

BMI View : We are maintaining our short and long term forecasts for non-hydropower renewables generation and capacity in Thailand this quarter as our assumptions remain relevant. Growth in 2014 will be driven largely by the solar sector as conditions for both commercial and residential solar energy remain attractive. Meanwhile, our sanguine long-term outlook can be attributed to the unsustainable nature of the country's current energy mix and the increasingly attractive regulatory conditions for renewables.

We are maintaining our 2014 forecasts for non-hydropower renewables generation and capacity in Thailand this quarter as our assumptions remain relevant. Growth in 2014 will be driven largely by the solar sector, with the wind and biomass sectors playing second fiddle.

We are also maintaining our long-term forecasts this quarter, and are forecasting non-hydropower renewables generation to grow by an average of 9.2% per annum between 2014 and 2023. Our sanguine long-term outlook can be attributed to the unsustainable nature of the country's current energy mix and the increasingly attractive regulatory conditions for renewables.

Recent developments within Thailand's Renewables industry include:

  • On July 16 2013 the government introduced a new feed-in tariff (FiT) programme for rooftop and village-based solar energy projects completed before 2015. Under the new system, up to 1,000 megawatts (MW) of projects would qualify for 25-year power purchase agreements, with tariffs as high as THB9.75 per kilowatt hours.

  • Wind Energy Holding (WEH) commissioned its second 103.5MW wind farm in February 2013, bringing the company's total wind capacity to 207MW. Both farms are in the province of Nakhon Ratchasima, and WEH has said that it would develop another 60MW wind farm by 2014.

  • A number of solar projects were announced in Q113, indicating the increasing bankability of solar energy in the country.

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
Thailand Renewables Forecast Scenario
10
Table: Thailand's Total Electricity Generation, Data And Forecasts, 2012-2017
10
Table: Thailand's Total Electricity Generation, Long-Term Forecasts, 2018-2023
11
Table: Thailand's Electricity Generating Capacity, Data And Forecasts, 2012-2017
13
Table: Thailand's Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
14
Table: Feed-In Tariffs And Adder Programme For Solar Energy
17
Table: New Renewable Energy Targets - 2013
20
Thailand Renewables Projects Database
20
Table: Thailand Major Projects - Renewables
20
Industry Risk Reward Ratings
24
Industry Risk/Reward Ratings
24
Rewards
24
Risks
24
Market Overview
26
Sustainable Energy Policy And Infrastructure
26
Targets (Renewables And Emissions)
26
Subsidies
26
Table: Renewable Feed-In Tariffs In Thailand, 2010
27
Table: Residential Solar Feed-In Tariffs In Thailand, 2013
28
Infrastructure
29
Competitive Landscape
30
Electricity Generating Authority Of Thailand (EGAT)
30
EGCO
31
Glow Energy
31
Ratchaburi Electricity Generating Holding Public Company Ltd (RATCH)
31
Wind Energy Holdings (WEH)
32
Glossary
33
Table: Glossary Of Terms
33
Methodology
34
Industry Forecast Methodology
34
Sources
36
Risk/Reward Ratings Methodology
36
Table: Renewables Risk/Reward Rating Indicators
38
Table: Weighting Indicators
40

The Thailand Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Thailand. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Thailand, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Thailand, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Thailand Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Thailand renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Thailand to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Thailand renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Thailand, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Ratings

BMI's Renewables Business Environment Ratings provide fully comparable Risk-Reward Ratings aimed at investors in the regional renewables market.

The ratings methodology makes sophisticated use of various industry, economic and demographic data point.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc