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.
Utility-scale solar added a record 45GW of new capacity last year, bringing the total to over 220GW, according to figures from Wiki-Solar. “The acceleration is largely thanks to emerging markets”, said Wiki-Solar founder, Philip Wolfe. “The top three of China, US and India remain far ahead but, with China slowing, the chasing ‘peloton’ is changing,” he said. Wiki-Solar defines utility-scale as projects over 4MW and bases its figures on the AC export rating of operational plants. The US added more than 9.6GW last year, followed by China with over 7.8GW and India with 6.8GW. The UK was in fourth place, followed by Japan, Germany, Spain, Australia, Mexico and France.
The government has announced plans to transform the country into the electric vehicle and motorcycle hub of Asean within five years via state measures to boost demand, though some critics continue to doubt Thailand’s ability to create a full-fledged EV ecosystem. The government has drawn up a roadmap to promote EVs through state agencies and has set a target to produce 250,000 EVs, 3,000 electric public buses and 53,000 electric motorcycles by 2025. Deputy Prime Minister Somkid Jatusripitak said the government wants to promote Thailand as the centre of a new generation of auto manufacturing. “The Board of Investment (BoI) should revise EV privileges for car and auto parts makers to make production more attractive,” Mr. Somkid said.
Industries that produce pollution may have to pay more taxes now that the Lao government has embraced the National Green Growth Strategy. Under the strategy, which Prime Minister Thongloun Sisoulith endorsed on Jan 30, the Ministry of Finance will impose taxes to discourage industries from producing pollution and harmful waste. At present, industries pay corporate tax, which is calculated at 24 per cent of a company’s profit, as well as excise, value-added, and income tax. Tax officials cannot yet say what form this new tax would take. But what is clear to the media is that such a tax would be imposed to deter companies from producing pollution.
GWEC and RE100 join forces to accelerate corporate sourcing of renewable electricity in emerging markets
The Global Wind Energy Council (GWEC) is entering a new partnership with the Climate Group’s RE100 initiative to spur greater corporate commitment to renewable electricity sourcing in emerging markets. GWEC is the neutral representative body for the global wind industry, representing leading wind energy manufacturers, developers, utilities IPPs and service companies. RE100 brings together more than 200 global companies committed to 100% renewable power. There is strong matchmaking potential between the parties’ member companies on the demand and supply sides of wind energy.