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.
Thailand’s next phase of growth requires a new paradigm for the power sector; one that leads to a low-carbon economy while ensuring energy security, affordability, and sustainability. This new paradigm must be based on the combination of clean energy technologies, distributed generation, energy efficiency, storage, electric vehicles, and digital technologies that is already being deployed on a large scale around the world.
Solar investors in Vietnam could be encouraged to eye even the cloudiest corners of the country because of a government plan to base what it pays for solar-generated electricity largely on where the power originates. The country’s bid to incentivize a more even distribution of solar investment across the tropical country could make land acquisition easier by pushing companies toward new areas.
After three years of revising and drawing up a new version of the PDP, the National Energy Policy Council has approved the plan for 2018-37, emphasising more participation from private companies in the country's power generation. The new version is expected to take effect from the second quarter.
ASEAN member states are on a path to transform their power landscapes as energy demand continues to rise to match the region's economic growth potential. In Southeast Asia, technology will have to meet increasing demand for clean, renewable energy and remote power management, support the arrival of 5G connectivity, and provide resilience against growing cyberthreats.
Climate change is such a large and sprawling problem — there are so many forces involved, so many decision makers at so many levels — that solving it can seem hopelessly complex. There are so many options available to policymakers, each with their own fierce constituencies. Where to begin? Which clean-energy policies actually work?
A new Singapore-based firm has set out to build and run clean energy projects across the region. CleanGrid Partners was unveiled yesterday as a collaboration by Singapore's WEnergy Global, consultancy ICMG Partners and energy firm Greenway Grid Global, which is backed by Japanese electricity giant Tokyo Electric Power Company's Tepco PowerGrid.
About 58 greenfield coal-fired power plants are due to come online in Indonesia by 2027, blurring the outlook for renewables development in the country. Despite a good run for Indonesian renewables in 2017, the country is undaunted in its voracious appetite for coal. According to Wood Mackenzie, about 58 greenfield coal-fired power plants are due to come online in the period to 2027.