News

Phuket Island, a popular tourist destination in Thailand, has pledged to become a green island and, on February 17th, signed a memorandum of understanding with the listed energy group Energy Absolute (EA) to comprehensively develop green tourism.

Thailand's EV Board approved two new stimulus measures on Feb. 21to boost local production of vehicle batteries and energy storage systems, as well as promote the development of electric buses and trucks.

The Bank for Agriculture and Agricultural Cooperatives (BAAC) in Thailand has bought 400 tons of carbon credits at what is considered the world's highest price for such a project.

Thailand’s new power development plan is expected to be finalized by Q2 and will focus more on renewable energy. The final decision on whether to include nuclear power as part of the alternative energy mix will be made by the minister.

The Electricity Generating Authority of Thailand (EGTA) announced on Feb. 13, 2024, that its subsidiary, EGCO Group, is planning to invest 30 billion Thai Baht (about 836 million USD) this year. This investment is aimed at adding 1,000 MW of electricity g

Thai energy listed company Sermsang Power (SSP) announced an expansion in renewable energy development, with an anticipated investment exceeding 10 billion Thai Baht (about 282 million USD).

Thailand’s UMC Metals and Singapore-based New Energy Capital Asia have signed a power purchase agreement (PPA) for a 1.6 MWp solar project in Thailand featuring floating and ground-mounted solar installations.

In response to the EU's CBAM, the trend of the industrial sector in Thailand switching to electric vehicles is becoming increasingly evident. According to official statistics, the registration of electric trucks surged by over 10 times in 2023.

Jareeporn Jarukornsakul, CEO of WHA Group, said that an increasing number of businesses are growing concerned about the potential return of Donald Trump to the White House and the escalating tensions following the Taiwan presidential election.

German President Frank-Walter Steinmeier visited Thailand from January 24th to 26th and met with Prime Minister Srettha Thavisin. Both sides pledged to strengthen trade cooperation and expand investment in clean energy and EV.