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.

September 20th 2018
Battery Boom: Wind And Solar Can Generate Half Of Worldwide Electricity By 2050

Coal is to shrink to just 11% of global electricity generation by mid-century, from 38% now, as costs shift heavily in favour of wind, solar and batteries. Wind and solar are set to surge to almost “50 by 50” – 50% of world generation by 2050 due to reductions in cost. “Cheap battery storage means that it becomes increasingly possible to finesse the delivery of electricity from wind and solar so that these technologies can help meet demand even when the wind isn’t blowing and the sun isn’t shining. The result will be renewables eating up more and more of the existing market for coal, gas and nuclear.”

October 12th 2018
EES & IBESA Summit France 2018: Storage Industry Setting A Course For The Future

The ees & IBESA Summit in Strasbourg is the main meeting point for the battery and energy storage industry in France. On October 24, 2018, European manufacturers, service providers, project developers, systems integrators and research institutes will come together in Alsace to make transnational contacts. Supported by ees Europe, the continent’s largest and most visited exhibition for batteries and energy storage systems, and the International Battery and Energy Storage Alliance (IBESA), summit participants will discuss the latest topics and trends, and develop new business models and visions for the new energy future.

September 29th 2018
IRENA: Innovation Front and Centre, As Leaders Shape the Future Energy System

Participants from more than 80 countries explored the disruptive innovations in digitalisation and decentralisation that are transforming energy systems around the world. Remarkable cost reductions driven by technological innovation and an increasingly conducive policy environment have made renewable energy increasingly competitive with conventional fuels in many parts of the world. In parallel, innovations such as the Internet of Things, blockchain, artificial intelligence, smart charging of electric vehicles, and hydrogen power and storage are making energy systems increasingly integrated and flexible and are supporting the transition to a renewable-powered future.

August 10th 2018
Major Role For WorleyParsons’ Advisian On World’s Largest Solar Power Project

Noor Energy 1 has appointed Advisian, the global consulting firm of WorleyParsons, as Owner’s Engineer for the concentrating solar power (CSP) fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai. The 700MW project will be the largest of its kind in the world and as an Owner’s Engineer, Advisian will protect the owner’s interests by ensuring all contractors are adhering to project specifications. It will also provide a review of the basic and detailed engineering, manage risk and provide technical support during construction & commissioning of the plant.

September 22nd 2018
MHI Vestas Signs Firm Order for Largest MW Project in Company History

MHI Vestas Offshore Wind will supply 90 of its flagship V164-9.5 MW turbines for the 860 MW Triton Knoll Offshore Wind Farm project; its largest MW project to date. MHI Vestas celebrated the financial close of the deal with innogy, at the site, confirming the project as the largest (MW) in the history of the turbine company. Affirming its strengthening position in the UK offshore wind market, the Danish-Japanese joint venture will supply 90 of the world’s most powerful commercially available turbine, the V164-9.5 MW, and has agreed on a comprehensive 5-year O&M agreement.

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