> View and download the Building Blocks for Renewable Energy Development: Learning and Transferring Lessons from Thailand Working Paper
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Prepared with the Energy Research Institute, this paper analyses Thailand’s approach to renewable power development, its success factors, and lessons that could be applied to Vietnam.
Thailand and Vietnam’s power sectors share many important attributes, including vertically integrated power industry structure, rapid load growth, and the need to secure new and diversified sources of electric power. Compared to Vietnam, however, Thailand has made impressive progress with renewable energy development, as is evidenced by the considerable deployment of renewable energy to date and various incentive mechanisms to increase the share of renewable energy in its fuel mix. This paper identifies four fundamental building blocks of Thailand’s renewable energy progress and argues that future success will rely on developing a strong linkage between renewable energy policy and renewable industrial development policy. The four building blocks include policy framework, financial mechanism, regulatory framework, and capacity building. The paper then uses the lessons learned in Thailand as a basis for making recommendations for future Vietnamese renewable energy policy and support measures.
Two additional reports were generated as part of the MK14 study: