Country:Thailand
Year:2009
Policy status:In Force
Jurisdiction:National
Date Effective:2009
Date Ended:2022
Policy Type:Policy Support>Strategic planning, Economic Instruments>Fiscal/financial incentives>Tax relief, Economic Instruments>Fiscal/financial incentives>Grants and subsidies
Renewable Energy Policy Targets:Wind, Bioenergy, Biofuels for transport, Bioenergy, Biomass for heat, Bioenergy, Biomass for power, Hydropower, Solar, Solar Thermal
Policy Sector:Multi-sectoral Policy
Size of Plant Targeted:Small and Large
Agency:Energy Policy and Planning Office
URL:http://www.eppo.go.th/index-E.html
Renewable Energy Description:

Enacted in 2009, the fifteen year National Renewable Energies Development Plan 2008-2022 (REDP) seeks to bring renewable energies to 20.3% of Thailands total energy mix by 2022, increase energy security, use alternative energy source, encourage high-efficiency energy technologies, and spread green alternatives among communities. The programme first focuses on high potential energy sources already commercialised such as biofuels and co-generation from biomass and biogas (Phase 2008-2011). Investment will in the second phase (2012-2016) target the development of alternative energy technology industries and new R & D fields. Lastly, investments will enhance the use of new alternative energies such as hydrogen and encourage biofuel and other RE technologies exports in the ASEAN region. Generation and investment targets decline as follows for the periods 2008-2011, 2012-2016 and 2017-2022:

Electricity sector

  • Solar: 55, 95 and 500 MW and THB 695: 4, 726 and 56, 159 million by 2022.
  • Wind: 115, 375 and 800 MW and THB 4, 900: 18, 200 and 29, 750 million by 2022
  • Hydro: 165, 281 and 324 MW by 2022
  • Biomass: 2, 800, 3, 220 and 3, 700 MW and THB 35, 050; 45, 510 and 30, 640 million by 2022
  • Biogas: 60, 90 and 120 MW and THB 4, 500; 6, 750 and 9, 000 million by 2022
  • Municipal Solid Waste: 78, 130 and 160 MW and THB 4, 000; 7, 800 and 4, 500 million by 2022

Heating sector

  • Solar thermal: 5, 18 and 38 ktoe by 2022
  • Biomass: 3, 660, 5, 000 and 6, 760 ktoe by 2022
  • Biogas: 470, 54 and 600 ktoe by 2022
  • Municipal Solid Waste: 15, 24 and 35 ktoe by 2022 

Transport sector

  • Ethanol: 805, 1, 686 and 2, 447 ktoe and THB 4, 620; 45, 400 and 13, 860 million by 2022
  • Biodiesel: 950, 1, 145 and 1, 415 ktoe and THB 6, 020; 4, 340 and 1, 440 million by 2022

Most investments are expected to come from the private sector, investments from state enterprise are expected to increase dramatically in the last phase of the plan as opposed to government spending. The National Plan will also rely on existing financial mechanisms such as the ESCO Venture Capital Fund monitored by the Department of Energy to assist public and private renewable energy projects through venture capital, equity investments, technical assistance and credit guarantee facilities. The Power Development Fund, monitored by the Energy Regulation Commission (ERC) also is a channel for subsidies to under privileged consumers and the promotion of renewable energies in rehabilitating localities or compensating people affected by power plant operations. Moreover, the Board of Investment, according to the investment promotion strategy, has implemented a set of investors incentives such as import duty exemption on machinery, an 8-year corporate income tax exemption and a further 50% reduction for the years 8 to 13th. The government also allocates investment grants for Design, Consultant and Partial Investment in biogas, municipal waste and solar water heating projects.

Last modified: Tue, 06 Sep 2016 11:03:57 CEST