Thailand Solar Energy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market for solar energy in Thailand is expected to grow at a CAGR of 9.14% during the forecast period of 2019 – 2024. Factors such as strong government support for solar power development in the form of feed-in tariffs, and Alternative Energy Development Plan (AEDP) and declining costs of solar PV systems are expected to drive the solar energy market in Thailand during the forecast period. However, uncertainties regarding the access to the power grid are expected to restrain the operators from investing in renewable power projects during the forecast period.
Key HighlightsThe Thailand solar energy market is moderately concentrated. Some of the major companies include Energy Absolute Public Companies, SPCG PCL, Symbior Energy Limited, Thai Solar Energy PLC, Trina Solar Co., Ltd (Trina Solar), and Solaris Green Energy Co., Ltd.
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