Picture courtesy of Bangkok Post
Thailand’s new National Energy Plan (NEP) aims to drive significant investment and promote clean energy, with a projected 2.9 trillion baht in capital spending over the next 13 years.
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Thailand’s new National Energy Plan (NEP) aims to drive significant investment and promote clean energy, with a projected 2.9 trillion baht in capital spending over the next 13 years. Central to this initiative is the emphasis on solar energy to reduce carbon dioxide emissions.
The NEP 2024, scheduled for implementation from this year until 2037, integrates a comprehensive power development plan, an oil plan, a gas plan, an alternative energy plan, and an energy efficiency plan.
An official from the Energy Ministry, who chose to remain anonymous, stated that renewable energy development will account for the majority of the investment, approximately 1.52 trillion baht (US$45.7 billion), while some funds will still be allocated to fossil-fuel power plants.
“Fossil fuels remain necessary for power generation, but their use will gradually…