Solar investors are increasingly looking toward the young and promising PV markets of Southeast Asia for new opportunities. The region’s key solar markets — Thailand, the Philippines, Malaysia, Singapore, Indonesia, Vietnam and Myanmar — had a big year in 2016, collectively installing about 1.58 GW of new PV capacity, according to statistics from the International Renewable Energy Agency (IRENA). Including Cambodia and Laos, the region’s cumulative installed PV capacity hit roughly 3.48 GW by the end of December.
To get an insight into the current status of solar energy and the mechanisms set out to drive its development, we hosted a webinar - ‘How to bridge the electrification gap in Asia through off-grid PV systems?’ - and consulted local experts.
RE100 has grown rapidly since a handful of global companies — led by co-founders IKEA and Swiss Re, under the oversight of The Climate Group and CDP — vowed to derive all their electricity from renewable sources by self-determined target years.
On May 12, 2017, Solarplaza organized the webinar “Overview of Asian solar PV market and financing opportunities”. Benjamin Attia, analyst at GTM Research, and Rohan Singh, Managing Partner for Asia at Finergreen joined the webinar as speakers and provided a bird's eye view on solar market developments in the Asian region and the financing opportunities available there. The entire video recording of the webinar and the speakers’ slides can be freely accessed here.
Thailand is Southeast Asia’s leading solar market, with 2.75GW of installations by the third quarter of 2016, according to the Energy Regulatory Commission (ERC). However, while the country is an attractive opportunity — the government is targeting 6 GW of cumulative PV installations by 2036 — muddled policies have complicated the short-term investment outlook.
The Philippines can save $200 million a year and build a more reliable energy supply for millions of residents on its small islands by replacing diesel generators with renewable sources such as wind and solar, said a report released on Monday.
PV MAGAZINE - The Sustainable Energy Development Authority (SEDA) has published guidelines for the new net metering scheme the Malaysian authorities launched in January 2016 to replace the feed-in tariff (FIT) scheme, which will close at the end of this year.
PV MAGAZINE - The Asian Development Bank will provide Singapore-based Sunseap Group with $9.2 million. The company will use the funds to construct Cambodia’s first large-scale PV plant, a 10 MW facility located in Svay Rieng Province.
PV MAGAZINE - The Taiwanese company has agreed to start a feasibility study next month on the possibility of developing the country’s first floating solar array, in cooperation with UMILE Ltd Liability Partnership.