Thailand’s commitment to power mix diversification attracts Chinese firms

But could there be another reason, too?

It has been observed that Chinese solar energy developers and manufacturers are seeking out opportunities in Thailand's renewables sector, which is increasingly attractive, highlighted by growing investor interest in the market.

According to a research note from BMI Research, besides the supportive policy and regulatory environment and the government's strong commitment to power mix diversification, BMI Research also believes another reason.

It said that Chinese companies are targeting the Thai solar sector in order to offset the restrictions that have resulted from the ongoing trade disputes between China and the US and EU.

Here’s more from BMI Research:

Both the European Commission and US International Trade Commission have implemented anti-dumping duties and tariffs on Chinese solar products to help support their domestic solar manufacturing industries; limiting the demand for Chinese panels in these markets.

Therefore, Chinese solar companies are increasingly focused on capitalising on emerging renewables markets in the wider Asian region, of which Thailand is an attractive choice.