The Race to Zero Carbon: Sungrow Contributes to Thailand’s Solar-plus-storage Market, Business News

BANGKOK, May 17, 2023 /PRNewswire/ — With Thailand devoting itself to reducing the carbon emission to “Zero”, renewable energy is becoming increasingly vital in the country’s energy structure. Undoubtedly, energy storage continues to play an essential part in solving intermittency and volatility.

Energy storage is increasingly included in energy policies. “Thailand introduced a new feed-in-tariff (FIT) scheme, offering a 25-year PPA agreement at THB 2.8331/kWh for solar-plus-storage projects, which will drive 600 MW storage colocated with solar between 2024 and 2030,” said Anqi Shi, Senior Analyst of S&P Global at Sungrow Thailand Future Energy Summit organized on May 15th in Bangkok.

“Currently, Thailand is leading the trend of solar-plus-storage applications in Southeast…