New Energy research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Wed Sep 09 2015] Thailand's plan to reduce its reliance on gas-fired power generation will create opportunities for alternatives such as coal and renewables, which poses upside risks to our o utlook for the country's energy related infrastructure. We highlight that lower than expected power consumption over the near term means such opportunities will begin to have an impact on infrastructure construction only beyond 2017-2018 as projects are delayed until demand picks up. We retain a modest growth forecast for 2015 and 2016, with power generation set to grow by 3.5% and 3.4%, respectively.
The largest source of growth in 2015 will be thermal generation, while non-hydropower renewables will be the fastest growing sub-sector at 11.8%. Meanwhile, the Thai power sector's long-term growth outlook is muted, as the country continues to experience challenges in procuring gas supplies and is clearly moving towards increasing reliance on electricity imports. We see electricity generation growing an average of 3.5% per annum between 2015-2024. Growth will be primarily driven by non-hydropower renewable energy generation and coal-fired generation. We see limited scope for expansion in gas-fired generation.
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Key Trends And Developments
The Thai government updated its green energy agenda with the ambitious 'Alternative Energy Development Plan' (2012-2021). The plan states 25% of total energy consumption must be derived from alternative energy sources by 2021. It targets 2 gigawatts (GW) of solar capacity, 1.2GW of wind capacity and 3.63GW of biomass capacity within that timeframe.
The Thailand Power Report features BMI Research's market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.
The Thailand Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.
* Use BMI's independent industry forecasts for Thailand to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks Thailand's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Thailand.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.
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