Shares of solar farm companies have climbed as the junta prioritised increasing renewable energy consumption, but now the run-up is overblown, warn securities analysts.
An engineer for WHA-Gunkul Green Solar Roof Co inspects the installation of solar panels. Solar farm stocks are booming. PORNPROM SATRABHAYA
The National Council for Peace and Order's policy to raise renewable usage to 25% of the country's energy consumption by 2021 has led some renewable energy companies to expect average growth in power-generating capacity of 13.4% a year for solar power plants and 32% for wind power plants over eight years, said Kriengkrai Tumnutud, head of strategies at AEC Securities.
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