Clean energy finance and investment roadmap

Strengthening conditions to attract finance and investment in clean energy

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Background

The Clean Energy Finance and Investment (CEFI) Roadmap of Thailand, developed by the OECD Clean Energy Finance and Investment Mobilisation (CEFIM) Programme in collaboration with the Department of Alternative Energy Development and Efficiency (DEDE) of the Ministry of Energy of the Government of Thailand, helps Thailand to achieve its clean energy ambitions, by bringing together government and private sector stakeholders to agree upon a clear action plan. The Roadmap supports Thailand’s operationalisation of its forthcoming National Energy Plan (NEP), along with sub-plans especially the Alternative Energy Development Plan (AEDP) and Energy Efficiency Plan (EEP). The CEFI Roadmap of Thailand focuses on two distinct pillars of the clean energy transition: (i) supply of renewable power from small-scale systems, and (ii) improving energy efficiency of cooling applications in large-scale commercial and public buildings.

The CEFI Roadmap outlines opportunities to channel capital for clean energy development at sufficient scale and pace. This includes identifying innovative financing solutions and effective investment vehicles that can help deepen local capital markets, bring in new investors and attract international capital for clean energy.

On 19 June 2024, the OECD CEFIM Programme, in collaboration with the Department of Alternative Energy Development and Efficiency (DEDE) of the Ministry of Energy of Thailand, will host the launch of the Clean Energy Finance and Investment Roadmap of Thailand followed by two back-to-back workshops. Please find further information on this below.

The CEFI Roadmap brought stakeholders together through a series of two consultation workshops to:

assess critical barriers and opportunities to prioritise actions that improve clean energy finance and investment
identify and assess innovative solutions and effective investment vehicles that can deepen capital markets and mobilise stakeholders and investors
deliberate recommended actions and build consensus on the steps forward that implement and operationalise financing tools able to attract capital at suitable scale.

Through this process, the CEFI Roadmap will endeavour to set forth a clear action plan, built on consensus, to help unlock further finance and private capital for clean energy projects.

Launch of the Roadmap of Thailand, 19 June 2024

On 19 June 2024, the OECD CEFIM Programme, in collaboration with the Department of Alternative Energy Development and Efficiency (DEDE) of the Ministry of Energy of Thailand, will host the launch of the Clean Energy Finance and Investment Roadmap of Thailand followed by two back-to-back workshops on:

Unlocking finance and investment in small-scale renewable energy and energy efficiency in Thailand; and
A regional peer-learning workshop on Accelerating clean energy finance and investment in South and Southeast Asia through strengthened enabling conditions and sustainable finance.

The event will serve as a forum to exchange ideas on the way forward for Thailand to unlock finance and investment in small-scale renewable power and energy efficiency, especially for cooling in buildings. The event will foster regional peer learning dialogue among South and Southeast Asian countries on (i) lessons from developing Clean Energy Finance and Investment Reviews and Roadmaps and policy priorities moving forward, as well as (ii) the role of financial authorities in Southeast Asia in helping to unlock financing for clean energy.

The Roadmap launch and Thailand workshop will be held in-person in Bangkok, while the regional peer learning workshop will be held in a hybrid format, both in-person and virtually. In case of interest in attending the regional peer-learning workshop, please reach out to valentina.bellesi@oecd.org.

For more information, please download the workshop agenda.

Second stakeholder consultation workshop, 24 November 2023

On 24 November 2023, the OECD, in collaboration with the Department of Alternative Energy Development and Efficiency (DEDE) of the Ministry of Energy Thailand organised a half-day stakeholder consultation workshop in Bangkok.

The second stakeholder consultation workshop presented the draft of the Clean Energy Finance and Investment Roadmap of Thailand to stakeholders from the energy and financial sectors as well as project developers, think tanks, and other stakeholders that are involved in its development. This second half-day workshop successfully gathered feedback on the preliminary modelling results, draft case studies and emerging policy recommendations to over 60 local stakeholders.

For more information, please download the workshop agenda. A summary of the workshop discussions is also available for download.

Kick-off event and first stakeholder consultation workshop, 28 April 2023

On 28 April 2023, the OECD and the Ministry of Energy of Thailand successfully organised a full day event in Bangkok to officially kick off the work to develop the CEFI Roadmap of Thailand and hold the first stakeholder consultation workshop. The workshop officially introduced and discussed the CEFI Roadmap’s scope and process with over 90 participants from the energy and financial sectors as well as project developers, think tanks, and other stakeholders that will be involved in its development.

During the first consultation workshop, OECD and local consultants presented the scope, objective and the methodology of the Roadmap along with its preliminary findings and collected feedback and data required for analysing the needs to fulfil the gap between current policy pathways and Thailand’s long-term national energy and climate targets aiming for net-zero emissions.

The kick-off event and the workshop ensured buy-in from all relevant stakeholders to contribute their expertise, interests and views in developing the Roadmap, and particularly to understand the main gaps in financing and regulations to accelerating Thailand’s clean energy transition.