Thai Times

Covering the Thai Renaissance
Saturday, May 24, 2025

BOI Thailand Attracts Over THB560 Billion in Clean Energy Investment

Country emerges as ASEAN clean energy hub with significant investment in renewable energy sources and green technology
The shift in global clean energy policies has impacted investment trends, but major economies such as the EU, UK, and China continue to prioritize clean energy.

In Asia, countries like China, Japan, and South Korea are rapidly developing renewable energy sources.

Thailand is committed to reducing greenhouse gas emissions, targeting carbon neutrality by 2050 and net zero emissions by 2065. The country aims to increase the share of clean energy to no less than 50% of total electricity generation under its Power Development Plan.

Currently, clean energy accounts for 26% of Thailand’s power capacity.

From 2015 to March 2025, over 2,900 clean energy projects have been submitted for investment promotion in Thailand, totaling more than 560 billion baht.

This includes 80+ waste-to-energy and cogeneration from waste projects worth 110 billion baht, 2,800+ renewable energy projects worth 320 billion baht, and 30+ other energy source projects worth 120 billion baht.

The Board of Investment has promoted over 2,400 projects worth more than 220 billion baht to improve production efficiency and shift toward renewable energy, supporting a green supply chain from upstream to downstream.

There are currently 28 electric vehicle production projects by 22 companies in Thailand, with a total investment of approximately 78 billion baht and a combined production capacity of over 880,000 units.

Offshore wind capacity in Asia-Pacific is expected to increase sixfold by 2030, and Asia is set to become the largest solar energy market, led by India, China, and Indonesia.

Green technology competition is intensifying, with China leading in EV battery production and rare earth mineral control.
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