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Thailand Renewables Report Q2 2015

Thailand Renewables Report Q2 2015

Despite the political turmoil leading to a military coup in May 2014 there are signs that our previousforecast still holds in place as the ruling regime sees solar energy projects as key to attracting foreigninvestments scared off by recent events. In 2015 non-hydropower renewable generation will grow byaround 16.0%, with growth primarily in solar and wind generation. Growth in solar will be driven bycommercial- and residential-scale projects, with companies such as Thailand's SPCG maintaining a largepipeline of commercial solar projects. Even though SPCG has already completed 36 solar power projectswith a combined capacity of around 260MW over the past four years, the pipeline for solar power projectsremains large. We note that the new Thai government is in the midst of revamping the privileges andregulations for the renewables sector and believe that more attractive regulations could be introduced in2015. Therefore our sanguine long-term outlook can be attributed to the unsustainable nature of thecountry's current energy mix and the increasingly attractive regulatory conditions for renewables.

We are maintaining mostly unchanged our 2015 forecasts for non-hydropower renewables generation andcapacity in Thailand this quarter as our assumptions remain relevant. Growth in 2015 will be driven largelyby the solar sector, with the wind and biomass sectors playing second fiddle. We forecast non-hydropowerrenewables generation to grow by an average of 11.3% per annum between 2015 and 2024. Our sanguinelong-term outlook can be attributed to the unsustainable nature of the country's current energy mix and theincreasingly attractive regulatory conditions for renewables. Developments within Thailand's Renewablesindustry include:


BMI Industry View
SWOT
Industry Forecast
Thailand Renewables Forecast Scenario
Table: Thailand's Total Electricity Generation, Data And Forecasts, 2013-2018
Table: Thailand's Total Electricity Generation, Long-Term Forecasts, 2019-2024
Table: Thailand's Electricity Generating Capacity, Data And Forecasts, 2013-2018
Table: Thailand's Electricity Generating Capacity, Long-Term Forecasts, 2019-2024
Table: Feed-In Tariffs And Adder Programme For Solar Energy
Table: Renewable Energy Targets - 2013
Thailand Renewables Projects Database
Table: Thailand Major Projects - Renewables
Industry Risk Reward Index
Industry Risk/Reward Index
Rewards
Risks
Market Overview
Sustainable Energy Policy And Infrastructure
Targets (Renewables And Emissions)
Subsidies
Table: Renewable Feed-In Tariffs In Thailand, 2010
Table: Residential Solar Feed-In Tariffs In Thailand, 2013
Infrastructure
Competitive Landscape
Electricity Generating Authority Of Thailand (EGAT)
EGCO
Glow Energy
Ratchaburi Electricity Generating Holding Public Company Ltd (RATCH)
Wind Energy Holdings (WEH)
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Renewables Risk/Reward Index Indicators
Table: Weighting Indicators

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