USAID Clean Power Asia
Harnessing the power of renewable energy for a sustainable ASEAN
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The United States has funded a Thai energy developer for its feasibility study of a solar power project in Thailand as part of its Indo-Pacific commitment. Thomas Hardy, director of the US Trade and Development Agency (USTDA), said yesterday's grant signing ceremony marked an important milestone in the USTDA's role in Thailand. "It is a manifestation of the Indo-Pacific vision laid out by US Secretary of State Mike Pompeo last year. It is our commitment to investing in visionary companies looking to transform the energy sector," he said at the event at the GPF building.
In a report that examines the ways in which renewable energy demand is expected to increase, Bloomberg New Energy Finance (BNEF) finds that “aggressive decarbonization” will be required beyond 2030 to meet the temperature goals of the Paris Agreement on climate change. Focusing on electricity, BNEF’s 2019 New Energy Outlook (NEO) predicts a 62% increase in global power demand, leading to global generating capacity tripling between now and 2050, when wind and solar are expected to make up almost 50% of world electricity due to decreasing costs.
The global floating solar panels market was valued at US$ 240.65 Mn in 2018 and is anticipated to expand at a CAGR of 43.02% from 2019 to 2027. In terms of type, stationary floating solar panels constituted more than 90% share of the global floating solar panels market in 2018. As far as limit, over 5 MW comprised over half portion of the worldwide floating solar panels market in 2018. In view of area and nation, Asia Pacific overwhelmed the worldwide floating solar panels market in 2018.
Deputy Prime Minister Trinh Dinh Dung has stated that the Vietnamese government always encourages the development and effective use of renewable energies, towards sustainable socio-economic development. During a reception in Hanoi on August 15 for General Director of Norway’s Scatec Solar company Raymond Carlsen, Deputy PM Dung said with an annual economic growth of nearly 7% and a population of more than 90 million, Vietnam sees growing demand for electricity.