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Permsak Krairiksh

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Permsak Krairiksh joined Baker McKenzie Bangkok’s Financial Services Practice Group in 2004 and became a partner in 2008. His practice focus includes project finance and development, banking and finance, and aircraft financing and leasing.

After much buzz and anticipation in the Thai energy industry, the Energy Regulatory Commission has finally published (i) the official Regulations for Purchasing Electricity from Renewable Energy Sources under a Feed-in-Tariff Scheme between 2022-2030 for Power Plants with No Fuel Costs on 27 September 2022, and (ii) the official Invitation Notifications for Purchasing Electricity from Renewable Energy Sources under a Feed-in-Tariff Scheme between 2022-2030 for Power Plants with No Fuel Costs, specifying the bidding process and timeline of each type of renewable power plant on 30 September 2022. In keeping with Thailand’s commitment to increase renewable energy’s share in the country’s overall power mix to at least 50% by 2050 and achieve carbon neutrality and net-zero greenhouse gas emissions by 2050 and 2065, respectively, the government will be accepting bids in November to purchase power generated from renewable energy sources in the years between 2024 to 2030.

A bold vision of the future is redefining corporate strategy for businesses in Asia Pacific, with new opportunities arising from disruption. In this series of reports, we explore the defining characteristics of transactions, using the Strategy, Competition, Assets, Process, and ESG framework to understand legal complexity and stress test plans in an evolving landscape.