The Spanish renewable energy company Acciona Energia and its Singapore-based investee The Blue Circle have been awarded a power purchase agreement (PPA) for 436 MW of wind capacity, which will come from five wind parks to be built across Thailand. The projects have been allocated through a tender process by Thailand’s Energy Regulatory Commission (ERC).
The projects will be developed and commissioned gradually. The first wind park is expected to commence construction in 2024, while the completion date of all the projects ranges between 2026 and 2030. Four of the projects will be located in the Northeast provinces of Ubon Ratchatani and Amnat Charoen, while the fifth one will be built in the region of Chaiyaphum (central Thailand). Once operational, the combined wind parks are expected to produce over 1.1 TWh/year, and allow the reduction of emissions by 645 ktCO2/year.
The energy generated by the projects will be purchased by the state-owned Electricity Generation Authority of Thailand (EGAT) through a 25-year PPA, as part of the Thai Government’s plan to guarantee a supply of renewable energy of up to 30% by 2037.
In September 2022, Acciona Energia and The Blue Circle entered an agreement to develop, build and operate its pipeline of projects in Southeast Asia. The entity has an installed operational capacity of 84 MW in Vietnam and has a pipeline of 3.8 GW in Vietnam, Thailand, the Philippines, Cambodia, Indonesia, Malaysia and Sri Lanka.
As of end-2021, wind represented about 3% of Thailand’s installed capacity with 1.5 GW and 2% of its power generation with 3.2 TWh.
Interested in Power Plants?
Enerdata has developed a market research service to screen, monitor and analyse the development of power generation assets.
Power Plant Tracker offers an interactive database and a powerful search engine covering power plants worldwide – including both installed and planned capacities for renewables and fossil fuels.