Economy
Sena Development Urges Regulatory Oversight for Solar Installations
Sena Development's managing director highlights challenges in the government's 'Million Roofs' solar initiative, citing market limitations and high loan rejection rates.
According to a report by Prachachat Business, Kessara Thanyalakpark, Managing Director of Sena Development PCL, has expressed support for government-led standardization of solar panel installations. As the government prepares to implement its 'Million Roofs' solar policy, industry leaders are emphasizing the need for strict quality control to ensure safety and efficiency.
However, Kessara noted that the solar sector faces significant economic hurdles. She argued that businesses must achieve an 'economy of scale' to reach a break-even point, which remains difficult under current market conditions. A primary concern for the industry is the weakening purchasing power of consumers, as a high percentage of loan applications for solar installations are currently being rejected by financial institutions.
For residents and property owners in Thailand, this development suggests that while the government is pushing for wider adoption of renewable energy, the practical implementation may be slowed by financial barriers. Those considering solar investments should be aware that securing financing remains a significant obstacle for many households. It remains to be confirmed how the government intends to address these credit accessibility issues or if specific subsidies will be introduced to support the 'Million Roofs' initiative. Prospective buyers are advised to monitor future policy updates regarding financial support mechanisms for residential solar projects.
