Much hated Thaksin Village Fund to solar electrify Thailand

Thaksin’s Village Fund is much hated by the elite establishment in Thailand. Even TDRI says Thaksin village fund was used by the poor to buy Thaksin’s mobile phone. But study after study says the village fund has benefits. Now Thailand will build 3,000 megawatts of solar power capacity by 2021, 50 percent more than previously announced, after approving new subsidized rates for rooftop and village-based projects. The government will work with the Village Fund, a state-run microcredit provider, to develop 800 megawatts of community-owned photovoltaic plants by the end of 2014, the Ministry of Energy said in a July 16 statement. In addition, 200 megawatts of rooftop installations built by the end of the year will be eligible for the special rates, it said. Half must be built on residential homes. Thailand follows Europe and Japan in offering feed-in tariffs, or fixed rates above the wholesale price of power, to attract investment into renewable energy. The country, which relies on fossil fuels for 80 percent of its energy consumption, seeks to build 13,927 megawatts of clean-energy capacity by 2021. The ministry announced tariffs as high as 6,960 baht ($225) per megawatt-hour for the smallest rooftop projects. That’s about 57 percent above the global average for crystalline photovoltaic projects, according to data compiled by Bloomberg. The projects will sell their power to the government under 25-year contracts. Village-owned projects will get paid as much as 9,750 baht per megawatt hour at the beginning before the tariff levels off to 4,500 baht per megawatt hour by the end of the agreement. (Source)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s