Renewable energy producers in Thailand have reason to panic following an announcement that the government will not buy more renewable power over the next five years. The announcement has sparked debate and triggered concerns over the future of renewable energy development, but the policy could open more room for improvement in the sector.
Policy on greenhouse gas emissions reductions is often framed as a trade-off between greater emissions reductions and greater economic growth. However, while emissions clearly can’t be reduced to zero immediately, faster emissions reductions can be accompanied by robust economic performance.
Companies, from Facebook to Budweiser, are now demanding green power programs with “additionality” — that is, which add new clean energy projects to the grid and provide ownership of renewable energy certificates, or RECs. The result is a growing number of utilities are beginning to offer green tariffs that ensure additionality, long-term price stability and RECs.
On January 26, 2018, the EAC issued a set of regulations to clarify the general conditions for installing and operating solar PV systems in Cambodia. Kohe Hasan, partner at Reed Smith and director of Resource Law LLC (Singapore), and Kaknika Lin, assistant consultant at KPMG Cambodia Ltd provide a summary of the key regulations, in addition to discussing the country’s investment climate.
State-run utility EGAT has signed an MoU with Hawaii Natural Energy Institute to measure and study the ability of Thailand's grid to integrate renewable energy. The MOU is applicable for a two-year period and will cover education, training, workshops, and exchange programs such as study tours or site visits.
Thailand is the top performer for Asia in solar and wind power development, but regulatory reform is needed to see it optimize on its potential. The government is targeting 40 percent electricity generation from renewables by 2036, with new regulations expected to permit the sale of excess solar power back to the grid, but the private sector is being held back by existing regulations.
Most of the world's energy systems have become more accessible and more secure but not any greener, a study by the World Economic Forum found. The study looked at the energy systems of 114 countries which accounted for more than 98 per cent of global gross domestic product, focusing on their electricity grids as well as fuels for transport and cooking.
Thailand's Siam Cement Group has developed a solar generating system designed to float on reservoirs, which are commonly used to serve factories in the country's predominantly flat central region. The system is aimed at companies seeking new energy sources for their operations, helping to generate power for factories which have their own ponds or reservoirs and want to use them as sites for power generation.