Thailand Has Vast Wind Power Potential

Image: GWECImage: GWEC
GWEC maintains a positive outlook on this pioneer who brought renewables into South East Asia.

Official Press Release GWEC:

Market To Watch: Thailand

Wind Industry Profile of
Market To Watch: Thailand

In 2019, new wind energy installations in Thailand reached 322 MW, bringing the total wind power capacity to 1,532 MW in the country – half of the 3 GW target set by the government for 2037.

Moving forward, wind development is entering a hibernation phase with the expiry of previous subsidy schemes and no new incentives in sight. Nevertheless, the outlook for Thailand’s wind market still is undoubtedly one of the strongest in the region, and it is sure to come back stronger from 2022 onwards. Current market status In 2019, we saw one of the most significant wind projects in Thailand begin commercial operations, with 260 MW across five wind farms from Energy Absolute’s Hanuman wind projects. Steady increases of wind power capacity over the last... ... More: Official Press Release GWEC

GWEC, Thailand, market, onshore, capacity, growth, target, developers, costs, investment

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