Forecast: Renewable Energy Supply (Excluding Solid Biofuels) in Thailand

Based on the data, Thailand's renewable energy supply (excluding solid biofuels) has shown steady growth from 1.9 units in 2013 to 4.27 units in 2023, reflecting a Compound Annual Growth Rate (CAGR) of 4.72% over the past five years. Between 2022 and 2023, the year-on-year growth was 4.91%, signaling a consistent upward trend. The forecast through 2028 predicts a more moderate 3.27% five-year CAGR, culminating in a 5.25 units supply.

Future trends to watch for include:

• Technological advancements in renewable energy sources.
• Regulatory policies promoting green energy initiatives.
• Increased investments and public-private partnerships in renewable sector.
• Potential volatility in energy demand influencing renewable energy supply dynamics.