Yingluck’s energy minister plans incentive scheme for home based solar energy

Yingluck’s Ministry of Energy is planning an incentive scheme for residential solar power systems to be launched this quarter. The National Energy Policy Council (NEPC) will approve the new FIT scheme for residential PV systems and other unspecified incentives for investors on July 17. FITs will be granted for 25 years and will range from 6.96 THB ($0.22) per kWh to 6.16 THB ($0.19) per kWh depending on the average energy consumption of households and small and medium-sized enterprises that will have access to the program. FIT licenses will be granted by the Energy Regulatory Commission (ERC). The Ministry of Energy expects to install around 200 MW of rooftop PV systems under the program. As for large-scale PV plants, the Thai government recently announced that it approved licenses for solar projects totaling 3,000 MW since 2008. However, only 400 MW of this total is currently online. The local energy ministry estimated that only 1,000 of the 3,000 MW will ever be operational, and consequently, it planned to ultimately revoke licenses for 2,000 MW of solar projects. The ministry has already revoked 500 MW of licenses and expects to revoke licenses for a further 700 MW in the near future. Once the ministry has finished revoking licenses, it will open a new licensing window under the FIT program. (Source)

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