8 December 2017 2017 09:30 AM GMT

By 2036, Clean Energy Can Account for 37% of The Energy Mix For Thailand

With a stronger and more ambitious energy development plan, Thailand’s share of renewable energy in total final energy consumption could surpass its national target by a quarter and reach more than 37 percent by 2036, according to a new report published by the International Renewable Energy Agency (IRENA) and the Ministry of Energy of Thailand.

Renewable Energy Outlook: Thailand finds that decreasing imports of fossil fuels and increasing the share of renewables in the energy mix to 37 percent would improve energy security and reduce the cost of Thailand’s energy system by USD 1.2 billion annually by 2036. An additional USD 8 billion per year could be saved in avoided externalities from environmental and health-related costs of fossil fuels. Thailand currently relies on imported energy for more than half of its energy supply, a proportion that is likely to increase further as its proven reserves of oil and gas diminish and its energy demand continues to grow.

“Thailand, like other Southeast Asian nations, stands at an important crossroads in its energy future, as its growing economy is set to fuel energy demand growth of close to 80 percent over the next two decades,” said IRENA Director-General Adnan Z. Amin. “Accelerating the deployment of renewable energy in Thailand can underpin a period of sustainable economic growth that decarbonises the energy system while also lowering costs, creating jobs and improving energy access across the country,” continued Mr Amin. “The switch to renewable energy represents more than just an energy transition in Thailand – it can support a complete economic transformation.”

The report also emphasises the importance of developing a portfolio of different renewable energy sources in Thailand’s energy mix that can complement each other in resource availability. It shows the country can expand its use of indigenous solar, wind and bioenergy resources across power generation, thermal uses and transportation.

The report offers five main recommendations for Thailand:

  • Increasing the role of solar photovoltaic (PV) and wind power in its energy mix;
  • Scaling up the use of solar thermal technologies in water heating and end-use sectors;
  • Developing mechanisms to ensure effective thermal use based on renewable energy sources;
  • Ensuring reliable, high-quality, affordable supply of biomass fuels while diversifying incomes for local farms;
  • Devising a long-term transportation development plan focusing on electric or renewable-based vehicles and fuel types.

Renewable Energy Outlook: Thailand, is the first undertaking from IRENA that combines the methodologies of both REmap and Renewables Readiness Assessments (RRA). While REmap determines the potential for countries to ensure an affordable and sustainable energy future and RRA is a country-initiated process that identifies short- and medium-term actions for the rapid up-scaling of renewables.

December 27th 2017
Rooftop PV Presents a $23 Billion Opportunity in India Over The Next 5 Years

India is accelerating development of renewable energy projects to provide cheap, reliable and clean power to its 1.3 billion people. The country’s per-capita on-grid electricity consumption has increased significantly over the four years; due to increased industrial activity, higher uptake of electrical appliances by residential electricity users and the addition of new consumers to the grid. During this period, the cost of electricity from rooftop PV has halved, due to fierce competition in the market and a drop in equipment prices. In contrast, average retail electricity rates have increased by 22% in the same period. This has made rooftop PV cheaper than commercial and industrial grid tariffs in all major states in India.

February 5th 2018
BASF Turn Hazardous Waste Into Clean Energy At World’s Largest Chemical Complex

Honeywell Process Solutions (HPS) has announced that BASF has opened a state-of-the-art control room equipped with Honeywell Experion® technology at its waste incineration complex in Ludwigshafen, Germany. The plant’s six incinerators process hazardous waste that cannot be reused or recycled and convert it into steam and electrical power. The clean, reusable energy is channelled back into BASF’s production processes, helping the company save resources and reduce emissions. “Thanks to excellent cooperation with Honeywell, our 60-year-old plant now has one of the most modern control rooms in the world,” said Dr Karin Flore, head of waste incineration, BASF.

February 5th 2018
European Parliament Gives A Resounding Vote In Favour Of Clean Energy In Europe

European lawmakers have called for a renewable energy target of 35% for 2030 – rather than the 27% which the European Commission proposed in 2016. The MEPs have now backed measures substantially raising the European Union’s clean-energy ambitions. By 2030, more than one-third of energy consumed in the EU should be from renewable sources such as wind and solar power. The measures are intended to help cut carbon dioxide emissions. The EU is the world’s third-largest emitter of greenhouse gases after China and the United States, releasing about 10% of global emissions. 

December 15th 2017
Beyond Petroleum. BP Returns To Solar; Following Shell, Total Into Clean Energy

BP and Lightsource have announced a strategic partnership combining BP’s global scale with Lightsource’s solar expertise. BP will acquire 43% equity share in Lightsource for $200 million, with the majority of the investment funding Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP. BP is not alone in moving away from oil and gas and towards clean energy. Anglo-Dutch Shell is purchasing electric car infrastructure companies, France’s Total is acquiring battery storage firms and Norway’s Statoil is pioneering floating wind farms.

January 8th 2018
Vestas Sets 10.6 GW Record In 2017 After Year-End Surge; Ups Cashflow Guidance

Vestas has received a firm and unconditional order for 190 MW of 4 MW platform turbines in the U.S. taking the global order intake for the company in 2017 to 10.6 GW, surpassing 2016’s record order intake of 10.5 GW. The surge of orders at the end of the year has resulted in the company revising its guidance for free cashflow upwards. It now expects the free cashflow for 2017 to be €1.15bn-€1.25bn, as compared with the previous guidance of €450m-€900m. Markets have reacted favourably with the company share price experiencing an increase of 5%. 


 

   

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