Thailand’s energy mix could be 37% renewable by 2036.
That’s according to the International Renewable Energy Agency (IRENA) and the Ministry of Energy of Thailand, which say this could reduce the country’s annual power and heating bill by $1.2 billion (£900m) a year.
The group suggests it would also help reduce the volume of fossil fuel imports needed and improve energy security.
It adds this could save an additional $8 billion (£6bn) per year by avoiding environmental and health-related costs to the economy.
The report suggests Thailand should increase the role of solar and wind power and make more use of the hot sun by using it to heat water.
In terms of mobility, it says the country should work to develop an affordable supply of high quality biomass fuels and devise a thorough transportation development plan focusing on electric vehicles.
IRENA Director-General Adnan Z. Amin, said: “Accelerating the deployment of renewable energy in Thailand can underpin a period of sustainable economic growth that decarbonises the energy system while also lowering costs, creating jobs and improving energy access across the country.”