Forecast: Total Renewable Energy in Thailand

The total renewable energy in Thailand has shown fluctuations over the past decade, with values ranging from 18.63 in 2013 to 20.61 in 2023. The year-on-year variation was marked by significant changes, including a notable increase of 9.19% in 2016 and a decrease of 5.26% in 2017. Over the last five years, the compound annual growth rate (CAGR) has been modest at 0.69%, indicating a stable but slow growth trend. Forecasts suggest a slight increase in renewable energy supply, with the CAGR for the next five years projected at 0.18% and an overall forecasted growth rate of 0.89% by 2028. Future trends to watch for include technological advancements, government policies aimed at increasing renewable energy adoption, and investment in infrastructure to better integrate renewable sources into the grid.