The Energy Regulatory Commission (ERC) anticipates that energy purchase agreements (PPAs) will be signed with corporations chosen to participate within the 5.2-gigawatt renewable energy scheme during this year’s third quarter.
The Office of the Attorney General is currently reviewing the authorized elements of the scheme, which incorporates power plant construction projects proposed by a hundred seventy five selected firms. Following the completion of this scrutiny process, the state grid is predicted to sign PPAs with these corporations.
The state grid consists of the Electricity Generating Authority of Thailand and two state electrical energy distribution arms: the Metropolitan Electricity Authority and the Provincial Electricity Authority. The renewable vitality scheme’s 5.2GW capacity consists of bio-gas (335 megawatts), wind power (1,500MW), ground-based photo voltaic farms (2,368MW), and ground-based photo voltaic farms with power storage systems (1,000MW).
The scheme attracted significant curiosity from numerous companies, with proposed initiatives totalling nearly 17GW. However, after an auction, solely a hundred seventy five firms were chosen, and the total capacity was reduced to 4.85GW. Fast , Thailand’s largest power producer by market value, holds the largest share of capability within the renewable power scheme. Gulf’s 28 initiatives have a combined capability of more than 2GW.
Other chosen firms include Absolute Clean Energy Plc, with 112MW from 18 projects, Thai Solar Energy Plc, with 100MW from eight tasks, and BCPG, the ability era arm of Bangchak Group, with 12MW from 5 initiatives. In March, the National Energy Policy Council approved the second-phase renewable energy scheme, with a total capability of 3.66GW..