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Despite solar representing the cheapest form of electricity in Thailand since 2022, the roadblocks to solar having a substantial share of Thailand's energy matrix remain prevalent. This is particularly surprising because these solar projects, even when incorporated with batteries, represent a more economic alternative to thermal plants. A report from BloombergNEF found that a solar project with 4 hours of storage will be able to compete with existing thermal power plants this

Incorporating new renewable projects, especially solar, into the matrix can take advantage of Colombia's naturally high radiation, reduce reliance on hydropower in the overall energy matrix, and allow communities currently relying on diesel to switch to a more sustainable option.