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Thailand
A General overview of Thailand’s Solar Market
Thailand, a member of the Association of South Asian nations, has gone through an extended political instability period. You might be drawn to the idea that the nation’s challenges have put a dent in its overall solar market outlook. However, the notion that Thailand’s solar market is performing poorly is not true at all.
Thailand is the first ASEAN member state to introduce an equivalent of the feed-in tariff policy. This policy accelerates investment in solar technology by issuing lucrative long-term contracts to solar product producers. This policy, coupled with good financing opportunities, enabled Thailand’s solar market to grow by 3 Gigawatts of solar energy capacity since 2017. This growth rate is higher than in any of the ten ASEAN member organizations, including powerful economies such as Singapore.
What Thailand’s positive outlook means for solar installers and other industry professionals
There is no doubt that Thailand’s solar market is performing incredibly well at the moment. Still, studies show that the sector is gaining momentum and is expected to grow by leaps and bounds by 2036. Currently, the country enjoys a significant presence of local and foreign solar product suppliers and producers across various categories.
Thailand’s solar market prospects are further vivified by its broad port and logistical infrastructures. The Bangkok port alone can handle up to 1.5 million exports and imports annually. There is no limit to lucrative opportunities in this blossoming market.
What does this mean for you as a solar installer or a professional in the solar industry? Well, it means that there are immense opportunities for success beyond your wildest dreams. However, you can only succeed if you choose the right partner.
I guarantee that SolarFeeds is a one-stop solution to all your needs as you pursue success in Thailand’s solar market. You can get competitive quotes at a record-breaking time by sending a request via our inquiry page. We got you covered.
