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.