KETEP 세계에너지시장정보

Contents 2

About 3

Executive summary 4

Chapter 1: Thailand’s 2037 power sector targets 8
 1.1 Renewables to see a big push till 2037, alongside fossils phase-down 10
 1.2 Improving energy security by reducing imported gas reliance 12

Chapter 2: New economic growth sectors need a clean power system 17 
 2.1 EVs likely to account for 20% of total electricity demand by 2037 18
 2.2 Data centre boom is projected to drive demand growth by 10 TWh by 2037 19

Chapter 3: Cost-optimal pathways for Thailand’s power sector development 21
 3.1 Gains from the cost-optimal pathway 22
 3.2 Storage to play a key role in the cost-optimal pathway 24
 3.3 Wind is not financially viable without a drastic reduction in capital expenditure 26 
 3.4 Importing hydro from Lao PDR can compensate for wind, but increases import dependency 28

Conclusion 30
 4.1 Recommendations to attain the cost-optimal pathway 31

Supporting materials 34

Methodology 34

Acknowledgement 38