To close this gap, Thailand is relying on more than just solar. The government’s Alternative Energy Development Plan (AEDP) promotes energy diversification, including storage systems and emerging technologies like green hydrogen. These strategies are designed to not only boost generation capacity but also ensure energy stability and resilience.
Ember calls for Thailand to add 32GW of new capacity to its existing solar deployment targets. Image: Sungrow. Adding 32GW of new solar capacity, plus 15GWh of batteries, to Thailand’s power generation deployment targets could cut power generation costs by as much as US$1.8 billion.
Under this scenario, Thailand’s power generation capacity grows nearly eightfold from 2024 to 2050. Solar provides two-thirds of the added capacity due to its advantageous economics. Solar alone would provide more than two-thirds of Thailand’s annual electricity generation in 2050 compared to only 16% for gas under the base-case scenario.
As Thailand plans to add significant amount of renewables capacity in the next 13 years, the government would consider more flexible gas power contract. As a result, thermal power plants will likely see their operational hours cut further. This will lead to costlier coal and gas power.
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