The World Bank has approved a USD200 million project to support the deployment of clean energy across Thailand’s public sector through an innovative financing platform that combines private investment with carbon market mechanisms. The Low Carbon Cities and Carbon Market Development Project (LCC) is designed to enable public organisations to implement renewable energy and energy efficiency projects without requiring large upfront capital investments. Under the model, private energy service companies (ESCOs) will finance and implement the projects, while government agencies will repay the investment through long-term service agreements.
The programme will support the installation of rooftop solar systems and energy efficiency upgrades across public buildings, schools, healthcare facilities, district offices, industrial estates and streetlighting. The World Bank estimates that the project will add up to 180 MW of renewable energy capacity and deliver approximately 448 GWh of annual electricity savings.