Thailand’s state grid to ink 5.2GW renewable deals in Q3

In less than (ERC) anticipates that energy buy agreements (PPAs) shall be signed with companies chosen to participate in the 5.2-gigawatt renewable energy scheme during this year’s third quarter.
The Office of the Attorney General is currently reviewing the legal elements of the scheme, which includes energy plant construction projects proposed by a hundred seventy five selected firms. Following the completion of this scrutiny process, the state grid is anticipated to signal PPAs with these firms.
The state grid consists of the Electricity Generating Authority of Thailand and two state electricity distribution arms: the Metropolitan Electricity Authority and the Provincial Electricity Authority. The renewable vitality scheme’s 5.2GW capability contains bio-gas (335 megawatts), wind power (1,500MW), ground-based photo voltaic farms (2,368MW), and ground-based photo voltaic farms with power storage methods (1,000MW).
The scheme attracted significant curiosity from quite a few corporations, with proposed projects totalling almost 17GW. However, after an auction, solely 175 firms were selected, and the whole capacity was lowered to 4.85GW. Gulf Energy Development, Thailand’s largest energy producer by market worth, holds the largest share of capacity in the renewable power scheme. Gulf’s 28 tasks have a combined capability of greater than 2GW.
Other selected companies include Absolute Clean Energy Plc, with 112MW from 18 tasks, Thai Solar Energy Plc, with 100MW from eight initiatives, and BCPG, the facility generation arm of Bangchak Group, with 12MW from 5 tasks. In March, the National Energy Policy Council permitted the second-phase renewable energy scheme, with a complete capability of three.66GW..

Leave a Comment