The purpose of this report is to provide an overview of the most important facts and figures of the three fastest growing solar energy markets in Southeast Asia: Vietnam, Malaysia and Singapore.
Solarplaza has compiled an overview of the top 25 solar PV plants in Southeast Asia with the purpose of showing the market potential of solar power in the developing region, but therefore excluding the more advanced and developed solar markets in China, India and Japan. This list of solar PV plants comes in preparation of our 2-day conference, Unlocking Solar Capital Asia, set to be held in Singapore on the 1st and 2nd of November, 2018.
Development bank support is gradually allowing specialist solar-plus-storage companies to target a market with 1.2 billion customers.
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.
In an effort to show the strength of solar power in the region, the Top 50 largest Asian PV plants were collected.
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.
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 - A unit of utility Electricity of Vietnam (EVN) has announced plans to build two projects totalling 350 MW of solar capacity in southeastern Vietnam.
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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 - State-owned utility PT PLN (Persero) signed agreements with six developers in late March to build PV projects throughout the Southeast Asian nation.
PVMAGAZINE - Sri Lanka’s Ceylon Electricity Board has issued a tender for the construction of 60 PV power plants with a capacity of 1 MW each. Bids must be submitted by April 26.
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.
THE STANDARD - Energy Logics Philippines Inc. on Thursday launched a 232-megawatt integrated solar and wind energy project in Ilocos Norte province.
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.