Renewable players in Thailand cry foul on low power purchasing rate

They argue that low rates push investors away.

Bangkok Post reported that major players in Thailand's renewable energy business are asking for a higher power purchasing rate, saying that the current one is too low and deters investors from launching new projects, and may even be encouraging them to invest abroad.

The power purchasing rate, the price at which state utilities buy from solar farm developers, is currently set at 4.12 baht per kilowatt hour, well below the rates of 5.66 in 2013 and 8.5 in 2006.

Strong government support for the sector since 2000 has attracted several companies to join the renewable energy business.

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