Political changes over the last four years and the recent death of King Bhumibol has brought some inertia to the Thailand market, but industry members expect the market will return to strong growth in the second half of 2017.
Choosing good quality solar equipment will be essential to keep the solar industry sustainable in Southeast Asia, according to Wandee Khunchornyakong Juljarern, chairwoman and chief executive, SPCG, the largest solar installer in Thailand.
The Thai Energy Policy and Planning Office (EPPO) has announced new solar development plans for 2017, which open up several opportunities for foreign investors to participate.
BCPG, the renewable energy power producer of Thai oil refiner Bangchak Petroleum, could potentially raise up to 5.9 billion baht (US$170 million) from an initial public offering (IPO) this month, according to the company.
Leading ‘Silicon Module Super League’ (SMSL) member Trina Solar exceeded PV module shipment guidance in the second quarter of 2016, partially driven by increased shipments to China. China became the largest contributor with external shipments growing 150.1% sequentially and 118.7% year-over-year. Quarterly module shipments were the second highest on record.
Thai fossil fuels company, Banpu, said it has purchased 75.8MW of solar PV plants in China as it pursues a goal of making renewable energy 20% of its power generation business by 2025.
Chinese tech giant and inverter manufacturer Huawei is looking to reinforce its market share in Asia beyond China with a high-level conference held in Bangkok recently.
Major PV inverter manufacturer Sungrow recently held a themed PV summit “Embracing the Thailand PV Industry; Enjoying the Future”. The event brought together government agencies, grid operators, industry companies, financing institutions, technical experts and all interested industry players.
