Over the past decade, the Thailand Board of Investment (BOI) has approved more than 2,900 clean energy projects, amounting to over 560 billion baht, positioning Thailand as a leading clean energy hub in ASEAN. These initiatives encompass waste-to-energy, solar, wind, biomass, and other renewable sources. Notably, 28 electric vehicle (EV) production projects by 22 companies have been approved, with a combined investment of approximately 78 billion baht and a production capacity exceeding 880,000 units.
Despite shifts in U.S. clean energy policies under President Donald Trump, major economies like the EU, UK, and China continue to prioritize clean energy. Trade mechanisms such as the Carbon Border Adjustment Mechanism (CBAM) are being implemented, necessitating close monitoring by Thailand. Analysts suggest that changes in U.S. policy may redirect over $500 billion in clean energy investments toward Asia, with countries like China, Japan, and South Korea rapidly developing renewable energy sources.
Thailand aims for carbon neutrality by 2050 and net-zero emissions by 2065. Under the Power Development Plan (PDP 2024), the country targets increasing clean energy's share to at least 50% of total electricity generation. Currently, clean energy accounts for 26% of Thailand's power capacity. According to the 2023 SDG Index, Thailand ranks 43rd globally and 1st in ASEAN for clean energy progress.
The BOI continues to promote clean energy projects, supporting a sustainable energy ecosystem and enhancing Thailand's competitiveness in the global market.
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April 29, 2025
