From Malay Mail · · 1m 20s
Thailand's $1.5b Solar Subsidy for 1 Million Households
Thailand offers up to $1.5 billion in solar subsidies to help one million households install panels, aiming for 51% renewable energy by 2037.
In brief
Thailand offers up to $1.5 billion in solar subsidies to help one million households install panels, aiming for 51% renewable energy by 2037. Thailand plans a $1.5 billion solar subsidy for one million households to boost renewable energy and reduce fossil fuel imports. Originally reported by Malay Mail.
Thailand's Solar Subsidy Plan
Thailand plans to offer subsidies worth up to US$1.5 billion to help one million households install solar panels.
Subsidy Details
The government will cover up to US$1,500 per household for installation costs, plus low-interest loans and tax benefits.
Finance Minister's Statement
Finance Minister Ekniti Nitithanprapas said Thailand imports a lot of energy and this is not a sustainable solution.
Cabinet Approval Timeline
The subsidy plan is expected to be approved at a cabinet meeting on Tuesday with applications opening soon after.
Funding Source
The program will be funded from a 400-billion-baht emergency borrowing package to cushion economic impacts of the Middle East war.
Current Energy Mix
Thailand currently gets 60% of electricity from natural gas and 11% from renewables, with most gas coming from Myanmar.
2037 Renewable Target
Thailand aims to have 51% of domestic electricity generated from renewable sources by 2037.
The main idea
Thailand plans a $1.5 billion solar subsidy for one million households to boost renewable energy and reduce fossil fuel imports.
