A recent report by the International Renewable Energy Agency (IRENA) and the Thai ministry of energy found that renewable energy could account for 37% of the country’s electricity by 2036.
Currently, around 18% of Thailand’s power is generated from renewable sources. The bulk is generated from fossil fuel products, with natural gas, condensate and crude oil, and coal accounting for 67% of total energy production.
2017 has been a positive year for renewable energy throughout the Asia Pacific, with the price and cost of power declining throughout the region. This is due to the decline in tariffs and the price of generating equipment.
By the year 2040, there will be US$10.2 trillion invested in new power generation capacity worldwide, of which US$4.8 trillion will be in Asia. In Asia, one-third of this investment will be in wind power, one-third in solar, with 18% going to nuclear and 10% to coal and gas.
This is incredible feedback. Eyekandi-Solar has now jumped on board in order to supply the best solar installation service to the Thai region.