USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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After ten straight years of expansion, demand for solar power in the Asia Pacific is set to fall for the first time in 2018 before stabilising over the next five years as China and other large markets that have been driving growth begin to diminish their solar subsidies and move towards auctions from feed-in tariffs, or FIT.
The Government's move to liberalise the energy sector and to promote renewable energy would make it more affordable for consumers to switch to renewable energy, especially solar energy. The Ditrolic Solar Sdn Bhd CEO said the implementation of the Net Energy Metering and Supply Agreement for Renewable Energy policies makes it cheaper for consumer to switch to solar energy.
India’s renewable energy deployment is expected grow by 50% year-on-year in 2019 with a total of 15,860 MW of installations, according to a report by consultancy firm Bridge to India. The ‘India RE 2019 Outlook report’ described 2018 as a “forgettable year” for the Indian renewables sector, lifted only by a surge in auctions with more than 20GW of capacity awarded.
The government Thursday reaffirmed Vietnam’s desire for a greener energy mix amid the risk of a power deficiency. Environment-friendly coal- and gas-fueled and renewable power plants would make up the mix. While Vietnam faces "obvious risks of an energy shortage in the coming years...it will not sacrifice the environment for economic growth," Deputy Prime Minister Trinh Dinh Dung said.