More than 200 local communities and 200 energy firms in Thailand will have a chance to take part in community-owned power projects from renewable resources, known as the Energy for All scheme, under a revision of the national power development plan (PDP). The 20-year plan's first draft was completed on Monday and cleared a public hearing in Bangkok yesterday. The scheme is expected to attract investment of 115.98 billion baht with combined power generation of 1,933 megawatts during 2020-24.
One of Asia’s key solar markets could push capacity to the double-digit-gigawatt region within 10 years if it presses on with a shift from feed-in tariffs (FiT) to auctions, according to the World Bank. Vietnam could take installed PV capacity to the “tens of gigawatts” and create some 45,000 jobs every year by 2030 if it uses competitive bidding rather than the direct subsidies it has opted for so far, the global body said in a report it published earlier this week.
Solar farms across five provinces are being launched this year, according to the Ministry of Mine and Energy. In its annual report, the ministry stated five solar parks are having their construction works accelerated so they can be connected to the national grid as soon as possible. Together, the solar projects will boost the nation’s power supply by a total of 160 megawatts (mW) a year. With each province accounting for; Svay Reign (20mW), Pursat (30mW), Kampong Speu (20mW), Battambang (60mW) and Banteay Meanchey (30 mW).
The Philippines government plans to introduce a Green Energy Tariff Program auction regime this year which it hopes will allocate 2 GW of renewable energy generation capacity. The proposed program has been put out to consultation with the authorities estimating it could generate $2 billion in clean energy investment. Public tenders will feature a maximum price for the renewable electricity generated by tendered projects and the program will be administered by the Philippines Department of Energy, according to a report published by the Institute for Energy Economics and Financial Analysis (IEEFA).
Vietnam is preparing to launch a pilot programme that will facilitate the signing of synthetic power purchase agreements (PPAs) between private power buyers and renewable energy producers, targeting contracts for up to 1 GW in 2020-2022. The size of the direct PPA programme, to be available nationwide, is envisaged in the range of 400 MW to 1,000 MW, under a proposal submitted by the Ministry of Industry and Trade of Vietnam (MOIT). The plan is subject to public comments and approval by the Prime Minister.
United Overseas Bank Thai (UOB) today launched U-Solar, Asia’s first solar industry ecosystem, in Thailand to lead the take-up of renewable energy nationwide. Through the U-Solar programme, the bank connects businesses and consumers across the solar industry value chain and helps their transition to a low-carbon economy. The programme is also available in Indonesia, Malaysia and Singapore.
The green debt markets in ASEAN countries including the Philippines are poised to grow, according to the Securities and Exchange Commission (SEC). In a keynote speech at the ASEAN+3 Bond Market Forum Meeting held recently at the Asian Development Bank (ADB) Headquarters in Manila, SEC commissioner Ephyro Luis Amatong said bond issuances under the ASEAN Green and Sustainability Bond Standards have reached more than $3.8 billion last year.
The Energy Policy and Planning Office (EPPO) is continuing with the phased smart-grid plan from 2017-21, aiming to make Thailand the electricity hub of ASEAN and creating new business for energy producers. EPPO spokesman Anirut Thanakornmontri said that the Office is working with three electrical authorities: Electricity Generating Authority of Thailand [EGAT], Provincial Electricity Authority [PEA] and Metropolitan Electricity Authority [MEA] in pioneering the Energy Ministry’s smart-grid project.