USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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Although all 10 members of ASEAN, the region’s intergovernmental association, have submitted national pledges on climate action and agreed on grandiose action plans, they currently lie at the bottom of the global league table for renewable energy deployment – and current trends suggest that it will take considerable efforts to reroute this course.
The investment rush in solar energy could end up testing Vietnam’s weak power infrastructure, experts say. They say that both transmission capacity and the ability of grids to absorb the energy produced by new projects are suspect, as of now. The 9.35 U.S. cents per kWh FIT for solar power in Vietnam has sparked an investment rush.
While coal will continue to dominate the fuel mix across most of the Asia Pacific region, a steady shift toward renewables, particularly in developed economies, is set to create competitive pressures for some coal-based power projects. The share of renewables is rising, and will be boosted further by falling technology costs and greater availability of cheaper finance for renewables issuers.
The US power grid is, by some estimates, the largest machine in the world, a continent-spanning wonder of the modern age. And despite its occasional well-publicized failures, it is remarkably reliable, delivering energy to almost every American, almost every second of every day. Still, the grid is stressed out and the need for local resilience in the face of climate chaos is growing all the time.