Since the introduction of its small power program in 2006, Thailand has signed contracts to develop 4,300 MW of renewable generation. Nearly half of the contracts–1,800 MW–are for solar energy alone. Currently 850 MW of generation is online as a result of the program, says Chris Greacen, a former consultant to the Thai government. The large majority of that, 700 MW, is from biomass. Only 16 MW of solar is in operation, but the number of projects is growing rapidly, according to Greacen.
To increase project diversity, Thailand is providing government-backed loans at 4% interest up to 50 million baht ($1.6 million) per project. Similar to Germany’s KfW (the German Bank for Reconstruction and Finance), the government has loaned 4 billion baht to 13 banks at 0.5% interest for use in the program.
Source:
Solar Thermal Magazine
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