Technical FAQs 4

Will Thailand have a net zero power grid in 2050?

BNEF’s Net Zero Scenario shows that solar and wind can supply 60% of Thailand’s electricity in 2050 while strengthening the country’s energy security and eliminating emissions. For a copy of the full report, Thailand: Turning Point for a Net-Zero Power Grid, please use the following links: English version and Thai version.

Are thermal power plants economically viable in Thailand?

Without significant fuel price reductions, thermal power plants wouldn’t be economically viable in Thailand’s power system.

What is the cheapest source of bulk electricity generation in Thailand?

Utility-scale solar is the cheapest source of bulk electricity generation in Thailand. The LCOE for solar in Thailand has declined sharply since 2019, thanks to falling solar equipment prices and increased deployment in the country.

Why should Thailand invest in solar power?

Solar paired with batteries already has a lower LCOE than new thermal power plants. Thailand can also enable more power system flexibility – from both the supply and demand side – by undertaking power market reforms such as enabling a competitive ancillary services market.

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