Sungrow Contributes to Thailand''s Solar-plus-storage Market
The Company supplied inverter solutions to Sirindhorn Dam, one of Thailand''s largest floating solar projects of 45 MW in the Ubon Ratchathani province, and signed a 90
In Thailand, these are comprised of rooftop PV systems, ground-mounted PV systems and floating PV systems. The implementation can be done in both self-consumption with the ability to sell the excess electricity back to the grid, and with the private power purchase agreement (private-PPA) aspects.
In an unexpected move, the government of Thailand has introduced a feed-in-tariff (FIT) of THB 2,1679 ($0.057)/kWh over 25 years for solar and a 25-year FIT of THB 2,8331/kWh for solar plus storage.
Moreover, Thailand also established 2 725 MW solar PV floating target hybrid with large hydropower dams by 2037. Thailand cumulative PV installed capacity was at 3 939,8 MWp, consisting of 3 933,7 MW of grid-connected PV systems and 6,1 MWp of off-grid PV systems. Most of the total installed capacity was ground-mounted PV systems.
Rooftop solar PV systems offer a transformative opportunity for Thailand to achieve its renewable energy targets, reduce dependence on fossil fuels, and empower consumers to participate in the energy transition.
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