Indicators for Renewable Energy Projects: A Comparative Study Between Thailand and International Standards

Abstract

This study investigated the evaluation indicators for renewable energy projects by comparing Thailand's standards with those at the international level. The research utilized secondary data derived from document analysis and related studies through a comprehensive literature review. This review encompassed concepts of renewable energy, as well as project evaluation criteria in both Thailand and international contexts. The findings revealed that the evaluation indicators for renewable energy projects, based on the comparative analysis between Thailand and international standards, can be categorized into seven main dimensions: (1) project initiative; (2) environmental considerations; (3) social considerations; (4) technical, economic, and marketing considerations; (5) project operation and maintenance; (6) replicability or widespread applicability; and (7) presentation format and project details. Furthermore, additional recommendations for extended criteria included the formulation of long-term operational strategies for renewable energy projects, ensuring project sustainability, maintaining a balance among the agriculture, industry, and energy sectors, and promoting overall resource conservation. Other critical factors involved alignment with government policies and current situations, the establishment of contingency plans to mitigate future impacts from changing circumstances, and the concurrent development of projects alongside cultural conservation. Ultimately, the aforementioned criteria contribute to a robust set of indicators that can be utilized for continuous planning, improvement, and development, thereby driving the future success of renewable energy projects.