Country''s peak demand (On-grid) shifts to the night time from 2028 and onwards: Apr – May 02.00 – 02.30 p.m. (2024 – 2027) and Apr – May 08.00 – 10.30 p.m. (2028 - 2037).
Thailand''s 2024 plan increases renewable energy, highlighting crucial battery storage systems for buildings and power generation.
The portfolio comprises 8 ground-mounted solar photovoltaic (PV) plants with contracted capacity of 393 megawatts (MW) and 4 ground-mounted solar PV plants with
With Thailand''s plan to increase renewable energy share to 30% by 2037, the northern region alone will require an additional 5GWh of energy storage capacity, presenting tremendous
Energy storage is in its infancy in Thailand, and new business models are already emerging. As the regulatory framework adapts to accommodate new players in the market, we
The project will focus on the early retirement of the South Luzon Thermal Energy Corporation (SLTEC) coal plant, which will be replaced by a mix of solar, wind, and battery
However, the deployment of Battery Energy Storage Systems across the country remains limited. There are plans to increase storage capacity, but it may not be enough for the
The increased solar and energy storage targets could sustain the forecasted electricity demand increase from data centres and EV charging in the coming years.
The Electricity Generating Authority of Thailand (Egat) plans to convert three hydropower dams into massive energy storage systems with a 90-billion-baht investment. This
Energy storage is in its infancy in Thailand, and new business models are already emerging. As the regulatory framework adapts to accommodate new players in the market, it
The portfolio comprises 8 ground-mounted solar photovoltaic (PV) plants with contracted capacity of 393 megawatts (MW) and 4 ground-mounted solar PV plants with battery energy storage with contracted
The Electricity Generating Authority of Thailand (Egat) plans to convert three hydropower dams into massive energy storage systems with a 90-billion-baht investment. This effort aims to stabilize the clean energy

Thailand may lack the Battery Energy Storage Systems (BESS) necessary to navigate supply and demand challenges. The 2024 PDP draft included 10,000 MW of BESS, but this may see the country struggle to fulfil carbon neutrality and Net Zero commitments over the coming decades.
Their total combined storage capacity was 994 MW. Interestingly, this allowed generators to sign semi-firm power purchase agreements (PPAs) with the Electricity Generating Authority of Thailand (EGAT) with minimum availability guarantees. Many solar projects in Thailand have non-firm PPAs in place due to a lack of storage on site.
This is partly due to a lack of clarity on how battery storage fits into existing electricity infrastructure. In 2022, the Thai government approved 24 BESS projects, all of which were located alongside solar operations. Their total combined storage capacity was 994 MW.
Thailand’s 2024 power development plan (PDP) aims to increase renewable energy use, highlighting the importance of BESS alongside solar panels and wind turbines. This could create new business opportunities for entrepreneurs if prices decrease or new technologies emerge for stationary batteries.
These are set to make up 51 percent of the country’s total electricity production, up from 36 percent which was called for in the 2018 PDP. The 2024 PDP draft provided a more detailed breakdown of how Thailand will reach this goal. During the plan’s lifespan, 47,251 MW of new electricity will be sourced with 34,851 MW coming from renewables.
Many solar projects in Thailand have non-firm PPAs in place due to a lack of storage on site. Arrangements, including BESS, reduce the strain on power grid infrastructure and allow for better planning. On the downside, these do not improve grid stability, nor do they provide power generators with more pathways to increase revenue.
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