USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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A 450MW solar power plant, the largest of its kind in Southeast Asia, will be built in Phuoc Minh commune in the south central province of Ninh Thuan. Trungnam Group, the investor, said construction of the solar farm would start in the second quarter of this year and be completed in the fourth quarter. The 14 trillion VND (592 million USD) plant will begin generating power by the end of this year. The company will also build a 500kV substation and install 500kV and 220kV transmission lines to connect the farm with the national grid.
Thailand has been a focus market for the Task Force since its inception in June 2019. At that moment, we were in a dark side on what result would be for the Power Development Plan (PDP) revision in Thailand, which has been our focal point for the Task Force’s activities in the country. This work was culminated in the first high-level roundtable session between the wind power industry and Thai government. Last week, our efforts paid off as we received great news that the Thailand PDP revision includes an indicative target of 90MW/year between 2023-2025, with a possibility of an upward adjustment if all goes well.
Global wind energy capacity increased by over 60GW in 2019, making it the second highest year for new installations, according to a new report from the Global Wind Energy Council (GWEC). GWEC's 15th edition of the 'Global Wind Report' said year-on-year growth in 2019 was 19%, with 60.4GW installed. The main driver of growth was market-based mechanisms, with auctioned wind capacity in 2019 more than doubling on 2018 to over 40GW worldwide, the council said.
The International Renewable Energy Agency (IRENA) has attempted to define the value of energy storage in a bid to nudge policymakers into introducing financial rewards which drive deployment of the technology and hence accelerate the energy transition. The multilateral body’s Electricity Storage Valuation Framework (ESVF) attempts to address the issue of “missing money”, which occurs when the value of energy storage is not recognized sufficiently for investors to get projects off the ground.