Cheaper solar power gains ground in Southeast Asia

Published onNovember 1, 2019

Southeast Asia is accelerating plans to harness energy from the sun in coming years as the cost of generating electricity from some solar power projects has become more affordable than gas-fired plants, officials and analysts said. The region, where power demand is expected to double by 2040, is striving to expand the share of renewable sources as developing nations seek affordable electricity while battling climate change. Southeast Asia’s cumulative solar photovoltaic (PV) capacity could nearly triple to 35.8 gigawatt (GW) in 2024 from an estimated 12.6 GW this year, consultancy Wood Mackenzie says.

Source: https://www.reuters.com/article/us-singapore-energy-solar/cheaper-solar-power-gains-ground-in-southeast-asia-idUSKBN1XA1KJ