Thailand aims to become ASEAN's clean energy hub

BoI Secretary-General Narit Therdsteerasukdi revealed that there are currently 28 electric vehicle production projects by 22 companies in Thailand, with a total investment of approximately 78 billion THB and a combined production capacity of over 880,000 units.

Monday, April 21, 2025 07:05

Illustrative image (Source: nationthailand.com)

Bangkok (VNA) – The Thailand Board of Investment (BoI) is driving clean energy investment across over 2,900 projects in the past decade, with a total value exceeding 560 billion THB (16.79 billion USD), pushing the country toward becoming a clean energy hub in the region.

BoI Secretary-General Narit Therdsteerasukdi revealed that there are currently 28 electric vehicle production projects by 22 companies in Thailand, with a total investment of approximately 78 billion THB and a combined production capacity of over 880,000 units.

Thailand is committed to reducing greenhouse gas emissions, targeting carbon neutrality by 2050 and net zero emissions by 2065. Under its Power Development Plan (PDP 2024), the country aims to increase the share of clean energy to no less than 50% of total electricity generation to support its green industry transition.

Currently, clean energy accounts for 26% of Thailand’s power capacity. According to the 2023 SDG Index, the nation ranks 43rd globally and 1st in ASEAN, with the highest progress in clean energy.

Narit revealed that from 2015 to March 2025, over 2,900 clean energy projects have been submitted for investment promotion. Additionally, the BoI has promoted over 2,400 projects worth more than 220 billion THB to improve production efficiency and shift toward renewable energy, supporting a green supply chain from upstream to downstream. This effort enhances opportunities, reduces risks, and strengthens Thailand’s competitiveness in sustainable business./.

VNA

#Thailand clean energy progress #Thailand Board of Investment Thailand

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