Thailand plans to invest billions of baht in new energy technologies over the next 5-7 years to increase the share of renewable energy in the national power mix to 51% by 2037, up from 22% in 2024.
Investment will come from state power utilities and private sector firms.
The Power Development Plan 2024-2037 aims to reduce fossil fuel contribution from 80% to 48%.
Predictive tools are needed to manage the variability of solar and wind power.
Battery storage systems are essential for backup power.
Demand response programs are being adopted to balance power generation and consumption.
An IEEE Power & Energy Society conference on energy transition will be held in Bangkok from November 26-29.