The solar panel subsidy is expected to receive cabinet approval on Tuesday, with applications opening shortly afterwards. (EPA Images pic)BANGKOK: Thailand offered subsidies worth up to US$1.5 billion Monday to help households install solar panels, as it seeks to boost renewable energy and reduce dependence on costly imports.
"Today, we import a lot of our energy, we're among the top buyers globally," Finance Minister Ekniti Nitithanprapas told reporters.
The solar panel subsidy is expected to be approved at a cabinet meeting on Tuesday, with applications to open soon after, Ekniti said.
It will be funded out of a 400-billion-baht emergency borrowing package announced earlier this year to cushion the economic impacts of the Middle East war
