.jpg)
Rising electricity prices and falling solar panel costs have fueled a surge in Thailand’s solar power generation. (Photo: SCG)
Thailand’s new Power Development Plan (PDP) is expected to be released next year, with the Energy Policy and Planning Office (EPPO) revealing that addressing the rapid growth of solar power generation will be a central focus.
The upcoming plan will emphasize grid stability and backup power management, while also assessing how the country’s economic outlook will influence the power sector. The new PDP is anticipated to provide clearer guidance for corporate decarbonization and investment strategies.
Solar boom spurs policy recalibration
Soaring electricity prices and falling solar panel costs have driven a growing number of Thai businesses to install self-consumption solar systems, significantly boosting national solar generation capacity. As of 2024, Thailand’s solar output surpassed 2 GW, a sharp rise from just a few megawatts between 2015 and 2018.
