The US power grid is, by some estimates, the largest machine in the world, a continent-spanning wonder of the modern age. And despite its occasional well-publicized failures, it is remarkably reliable, delivering energy to almost every American, almost every second of every day. Still, the grid is stressed out and the need for local resilience in the face of climate chaos is growing all the time.
Although all 10 members of ASEAN, the region’s intergovernmental association, have submitted national pledges on climate action and agreed on grandiose action plans, they currently lie at the bottom of the global league table for renewable energy deployment – and current trends suggest that it will take considerable efforts to reroute this course.
Licences have been given to 12 of 16 planned wind power projects. Of the 16 approved wind power projects for Vietnam’s central province Ninh Thuan, 12 have already received licences, marking a combined capacity of over 748MW and capital of $978m, a report by Vietnam Energy Online said.
Power-hungry Vietnam, one of Asia’s fastest-growing economies and a production hub for global companies such as Samsung Electronics, needs to raise up to $150 billion by 2030 to develop its energy sector, according to a World Bank official. Vietnam has been struggling to develop its energy industry due to a lack of state funds.
On January 26, the Electricity Authority of Cambodia enacted for the first time a solar generation regulation. The regulation is a new driver for the country’s solar photovoltaic system development. The solar generation regulation has elevated the regulatory framework in Cambodia with a foreseeable positive impact to its future solar PV development.
In a new report, BloombergNEF recognizes a significant uptake in renewable energy in developing countries, clearly outperforming OECD countries. The trend is due to reductions in equipment cost, and new business models that enable access to capital. Still, many emerging markets are also the biggest installers of new coal capacity.
Within a decade, Indonesia, the Philippines and Vietnam will find it cheaper to create new solar cell capacity than keep existing coal-fired power plants running to generate electricity. Power generation from renewable sources is crucial to meeting the key goal of the 2015 Paris Agreement to maintain global average temperature rise well below 2 degrees C.
Thailand must work smarter and harder to create an effective renewable energy infrastructure, says the chairman and chief executive of B.Grimm. Implementing a successful renewable energy regime is not easy, and many factors must be taken into account in regards to the effect on costs for citizens and how to efficiently use resources.