Thailand is the latest country in Southeast Asia to recognise the untapped potential of floating solar technology after EGAT announced five pilot projects last month. The country’s masterplan includes the installation of floating solar panels in eight hydropower plants nationwide with a total capacity of 1,000 megawatts (MW) over the next two decades.
With its feed-in tariff set to expire at the end of June, Vietnam is considering different levels of payment, classified across three irradiation regions and involving four solar technologies. Future payments would range from $0.0659-0.0985/kWh, with the cloudy north in line for the highest tariffs and with the government likely to revise tariffs for new projects every two years.
With Vietnam’s energy demand projected to increase by more than 10 per cent annually in the next five years and required power capacity to double, the country is moving to diversify its energy mix, including plans to generate more power from renewable sources. The rooftop solar market will be essential for Vietnam to meet its massive energy needs.
The capacity of non-hydro renewables may expand to 21% of Thailand’s total power capacity mix by 2028, according to a report, forecasting capacity growth in the renewables sector to be robust over the coming decade driven by the biomass and solar sectors as the Thai government ushers the country away from a reliance on natural gas-fired power.
The Green New Deal has become an incredibly hot item on the political agenda, but to date, it has remained somewhat ill defined. It’s a broad enough concept that everyone can read their aspirations into it, which has been part of its strength, but it has also left discussion in something of a fog, since no one’s quite sure what they’re arguing about.
The 75-megawatt Sidrap Wind Farm in South Sulawesi is the first grid-connected wind farm of any meaningful scale in Indonesia. But does this mean Indonesia is on the cusp of a clean energy revolution? If history is any indication, there is reason to be sceptical.
Backing from institutional investors for renewable energy generation capacity is likely to rise $210 billion over the next five years, with utility-scale PV capturing a 43% slice, according to a new report from Octopus Investments. According to the report, market volatility across all sectors is working to renewables’ benefit, as institutional investors seek to diversify portfolios.
Power-hungry Vietnam, one of Asia’s fastest-growing economies and a production hub for global companies, needs to raise up to $150 billion by 2030 to develop its energy sector. This opens up golden opportunities for the private sector to tap into the growing demand, but several bottlenecks must first be solved.