BCPG, the renewable power arm of Bangchak Corporation, has completed an agreement with property developer SC Asset to design, install and manage a solar roof system with blockchain technology for local residential projects. BCPG plans to launch in the fourth quarter of 2019 with a townhouse and single-detached house project in Pathum Thani serving as the pilot project.
B.Grimm Power plans to spend 38.5 billion baht during 2019-22 to develop seven power plants with a combined capacity of 800 megawatts, all small power producers. President Preeyanart Soontornwata said B.Grimm postponed deciding on the seven projects while awaiting approval. Five of the seven were renewal contracts approved by the National Energy Policy Council in January.
Thailand’s cabinet approved the PDP 2018-2037, which maps out the long-term energy needs and capacity of the country, and expects Thailand to add 56,431 megawatts of new capacity by 2037, with 53 percent of total capacity would be from natural gas, 20 percent from renewable sources, 12 percent from coal and the remainder from other sources.
Energy is essential for advancing economic activity and quality of life, but obtaining most of our energy from fossil fuels is no longer sustainable. While almost 50 countries vulnerable to climate change have agreed to use only renewable energy by 2050, Asia Pacific alone will need another 400 gigawatts of power within the next decade, and how that power will be generated is the big question.
The Ministry of Industry and Trade in Vietnam is considering allowing companies that use a lot of power to buy electricity directly from power plants. Speaking at a press meeting in Hanoi on April 5, Nguyen Anh Tuan, director of the Electricity Regulatory Authority of Vietnam, said they have been working with international consultancy firms to study the mechanism.
Solar power, specifically PV, has grown rapidly since the turn of the century. Continued growth is being driven by the competitiveness of solar energy: even without subsidy, solar in many markets is already the cheapest way to generate a kWh of electricity. We'll increasingly live in a "solar +" world. Solar will be the preferred way to produce a kWh of energy, because nothing will be able to compete on cost.
The Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than $1 billion in green infrastructure investments across Southeast Asia. The facility offers loans and technical assistance for sovereign projects in areas such as sustainable transport and clean energy.
As a city on the front line of climate change, Bangkok should take advantage of policy windows opened by short-term crises to spur long-term investments into sustainable electricity and resilient transportation systems. Combining PV with electric vehicles and public transportation is one path toward innovative and environmental solutions to the air pollution crisis rattling Bangkok.