Renewables Outlook Stable, 2014 Solar Flare
BMI View : We are maintaining both our short- and long-term forecasts for non-hydropower renewable s generation and capacity in Thailand this quarter as our assumptions remain relevant. Growth in 2014 will be driven largely by the solar sector as conditions for both commercial and residential solar energy remain attractive. Meanwhile, our sanguine long-term outlook can be attributed to the unsustainable nature of the country's current energy mix and the increasingly attractive regulatory conditions for renewables.
We are maintaining our 2014 forecasts for non-hydropower renewables generation and capacity in Thailand this quarter as our assumptions remain relevant. Growth in 2014 will be driven largely by the solar sector, with the wind and biomass sectors playing second fiddle.
We are forecasting 440MW of new solar capacity installations in 2014, with commercial and residential solar accounting for approximately equal shares of new capacity additions. This would be the highest amount of solar capacity additions in a single year, and would more than double the cumulative solar capacity in Thailand.
|Solar: Big Jump|
|Thailand - Non-Hydropower Renewables Capacity, MW|