USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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Solar is booming globally and as costs come down and the technology approaches grid-parity, historically based government incentive models and subsidies are changing –particularly for the distributed generation (DG) rooftop market. But new technologies and capabilities of other distributed energy resources (DERs), such as battery energy storage systems, electric vehicles (EVs), and other smart energy technologies, are stepping into position for a net-zero energy future – providing opportunity to advance beyond the power structures of the past…The industry agrees that with lowered costs and dwindling state incentives for solar PV, energy digitization is paving the way forward.
The Covid-19 crisis has caused a global economic slowdown, wiped value off stock markets and led to job layoffs. With mobility restrictions urgently imposed to limit the transmission of the coronavirus, events cancelled, consumers’ spending power affected and the public having to adopt new routines and behaviour amid the pandemic, the automotive and transportation industry is facing tough times. According to the International Energy Agency (IEA), global passenger vehicle sales were down by 15 per cent in the first quarter of 2020. On the supply side, industrial closure and supply chain disruption affected production lines. Post-pandemic, vehicle manufacturers are looking at a long recovery period.
Energy Secretary Alfonso Cusi has ordered faster implementation of the National Renewable Energy Program 2020-2040 to achieve its target of 20,000 megawatts of renewable energy in 20 years. “There is a need to fast track the NREP to help the country achieve the goals set forth in the Renewable Energy Act of 2008,” Cusi said in a statement on Tuesday. The program contains the policy framework under the Republic Act 9513, or the Renewable Energy Act of 2008. The official also said that it is already late to update the NREP 2011-2030 given developments in the past years. The department said based on its accomplishment report for 2020, NREP 2020-2040 presents a “paradigm shift” by renewable energy systems.
The coming decade could see Vietnam shelve nearly half of its currently planned coal power plant capacity as alternative sources of energy take up growing shares in its power mix, the government-affiliated research body tasked with drawing up the nation’s next power sector roadmap has said. Speaking at an internal consultation earlier this month, the Vietnam Energy Institute revealed the eighth Power Development Plan (PDP8), set to take effect early next year, would stipulate a rapid expansion of renewables and natural gas in the country, suggesting the government could cancel seven planned coal projects and postpone six others until after 2030 or 2035.