Tag: bright

08
Dec

Solar Prospects are Bright in Thailand

Solar prospects are becoming brighter, despite the dim policy. Declining costs and other incentives are proving to be beneficial to the renewable energy sector.

Workers install solar panels on a house, which can help residents cut down on their electricity bills. WEERABOON WISARTSAKUL

Workers install solar panels on a house, which can help residents cut down on their electricity bills. WEERABOON WISARTSAKUL

With the cost of installing solar rooftops dropping substantially and energy firms offering several types of business models to encourage consumers, home and building owners are taking advantage of the clean power source, even as energy policymakers have not yet finalised regulations to let private solar rooftop owners sell power to state utilities.

Owners of factories, buildings and residences have installed solar rooftops to produce their own power and cut back on expenses.

With falling development costs, the break-even period for those who have invested in solar power has shortened from 15 years in 2012 to eight years in 2016 to five years now, said Prof Dusit Kruangam, chairman of the Thai Photovoltaic Industries Association.

The current trend should make renewable energy a viable competitor with fossil fuels within a decade.

This price decrease has a huge impact in the solar industry. Eyekandi-Solar is right behind you to offer the best service and solar installation in Thailand.

Click here to contact us for a quote, and read this article further to find out more.

20
Sep

Solar Future is still BRIGHT

Although the government has not yet sent a clear signal for when it will start buying solar power generated from private buildings and households, the boom in solar rooftops in that segment has started, say industry officials.

Solar panels are seen on the rooftops of Thammasat University, among the organisations that have installed the solar system to generate their own power.

Solar panels are seen on the rooftops of Thammasat University, among the organisations that have installed the solar system to generate their own power.

With the cost of installing solar on rooftops having dropped by 50%, there has been a steady increase in the amount of businesses, households and institutions wanting to generate their own power. This is despite the fact the the government still does not allow you to sell your self-generated power back to the grid.

Two SET-listed energy firms are offering new purchasing models to help residents afford their own solar rooftops, allowing several payment types including hire-purchase, similar to auto leasing companies.

Solar power generation in Thailand has reached 2,990 megawatts, of which 2,860MW is from solar farms and 130MW from solar rooftop installations at households and businesses.

Energy policymakers are expected to finalise the process to deregulate solar rooftops and allow residents to sell power back to state utilities by the end of this year.

PTT Plc, the national oil and gas conglomerate, is also looking to get in on the action, as it has installed solar rooftops at 10 petrol stations via a joint effort with its power and utilities subsidiary Global Power Synergy Plc.

It is awesome to hear that oil and gas companies are also doing their part for the benefit of the environment.