Vietnam is addicted to coal. Its economy has grown over 6%, on average, since the turn of the century, among the fastest of its Southeast Asian peers, yet that growth is fueled by coal, the most polluting fuel source on the planet. This April, however, the decarbonization movement was given a boost of international recognition.
More work is needed for ASEAN's power grid to be connected to enhance cross-border electricity trade, officials and experts from energy sectors agreed at the ASEAN Power Grid Summit. Leaders of the Association of Southeast Asian Nations (ASEAN) leaders importance to efficient, reliable and resilient electricity infrastructure to meet growing demand, and the potential advantages of an integrated system.
Look out, wind – solar is about to catch you. That’s the headline from Frost & Sullivan’s recent analysis Global Power Industry Outlook, which posits that solar will surpass wind in global energy capacity starting in 2020, making it the fourth largest source of energy generation behind coal, gas and hydro.
With a rapidly growing economy, Vietnam is facing an increase in energy demand. According to Electricity of Vietnam, energy demand in the country is forecasted to grow 10% annually. Accounting for a significant chunk of the demand for energy is the demand for electricity. With an increase in energy demand forecasted, it is vital that Vietnam consolidates its energy sectors to generate more power.
At a press event in Berlin, Autarsys announced it will cooperate with Greenvesting and Ecoligo. By securing financing via crowd investment platforms, they intend to roll out PV storage systems in off-grid regions in developing countries. The three companies also launched Germany’s largest crowd investment campaign to fund a solar project in Asia.
Vietnamese activist Khanh Nguy Thi knew early on that depending on coal to meet the country’s growing demand for energy would be a disaster for its people and the environment. She also knew that listening to women in the villages, and involving government officials in the conversation, were key to a greener future for Vietnam.
It’s known as the last piece of the clean energy puzzle. Energy storage is a key component to the decarbonized energy grids of the future, and Singapore is leading Southeast Asia in breaking new ground in the area. The key to overcoming the challenge of intermittency and unlocking the mass deployment and adoption of clean energy is energy storage.
The Federation of Thai Industries has demanded a clear policy framework for purchasing renewable power, stressing that the feed-in tariff rate should stay above 3 baht per kWh, not 2.44 baht as the Energy Ministry requires. The higher rate is justified because green energy production has higher costs than its fossil-fuel counterparts.