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Bangchak Launched Latest Solar Energy In Thailand

Bangchak Petroleum Plc (BCP) has launched its latest push for solar energy in Thailand, especially among individual consumers.

Each architecture faculty received 80,000 baht to finance the designs, which are expected to make their public appearance next February.

Bangchak kick-started the project even though the Energy Ministry has delayed a launch of incentives to the household sector for roof-top solar cells.

Bangchak has spearheaded renewable energy with projects such as a 38-megawatt solar farm in Ayutthaya’s Bang Pa-in district, with two more sites being developed with a combined capacity of 80 MW.

Under this project, the designs could be for single houses, shophouses, hotels and condominiums with 2-3 kilowatts of solar cells.

In Thailand, solar power is priced at 6 baht per kWh compared with 3.70 baht of electricity from natural gas and coal.

The cost of solar power is expected to fall by half in the coming years.

Prof Ratchot Chompunich, the dean of Kasetsart University’s architecture faculty, said the move is another major step forward for solar energy in Thailand’s household sector following the big moves seen in the US, Japan and Europe.

Solar-cell technology is now more efficient than ever, and the cost has almost halved over the last decade, when the price was four or five times higher than fossil fuels, he said.