Thailand could with a more ambitious deployment plan reach a renewables share exceeding 37% by 2036, beating its current target and saving the country over $9bn annually, according to the International Renewable Energy Agency (Irena) and the Ministry of Energy in Thailand.

An Irena report entitled Renewable Energy Outlook: Thailand, finds that decreasing imports of fossil fuels and increasing the share of renewables in the mix would improve energy security and reduce the cost of Thailand’s energy system by $1.2bn