The Intertubes are ablaze with news that the Earth holds 530,000 potential sites for pumped hydro energy storage in its hot little hands. If that sounds too good to be true, well, maybe. The devil is in the details. On the other hand, the number-crunching does indicate that a massive amount of energy storage capacity is already close at hand, even without fancy new breakthroughs in battery technology.
How do you increase your solar energy output when you need all your land for agriculture and for housing? Answer: take to the water. That’s just what they are doing in Japan. The world’s first floating solar plant was built in Japan and the country’s inland lakes and reservoirs are now home to 73 of the world's 100 largest floating solar plants.
In Vietnam, the development of solar power including solar power systems on the roof of houses is considered to have a lot of potential. If solar energy is promoted, it would be a clean energy resource with rather high output, while helping to minimise the budget invested in electricity generation and transmission facilities.
Technological innovations and favourable government policies are among the four trends expected to drive Southeast Asia’s transition to renewable energy in the coming years. A report noted that while there are still 70 million ASEAN citizens without access to reliable electricity, the potential for renewable energy is huge and governments are increasingly turning to solar and wind energy to address the issue.
Thailand-based clean energy developer and investor Constant Energy has signed a Memorandum of Understanding with Siam Cement Group to deploy 50MW of solar PV plants including rooftop, ground-mount and floating technology. Power off-take from the projects will be handled under corporate PPAs for numerous SCG Cement factories as well as several other companies.
Thailand has risen to 51st rank out of 115 countries in the World Economic Forum “Global Energy Transitions Index 2019”. The Energy Minister said Thailand was preparing to push legal amendments and get rid of obstacles to attain a higher WEF rank. The improvement in ranking is a result of the WEF view that Thailand has energy stability without emitting too much greenhouse gas.
Renewable energy sources can be just as or even more cost-competitive than conventionally generated power in Southeast Asia, a study by the Asean-German Energy Programme has found. “With a few years of development, solar PV could potentially compete with conventional energy sources, especially if it was assumed that the prices of the conventional forms of energy will steadily increase,” ACE said.
The World Economic Forum launched the fifth edition of their Energy Transition Index, ranking 115 economies on how well they are able to balance energy security and access with environmental sustainability and affordability. The report considered both, the current state of the countries’ energy systems as well as their readiness to adapt to future energy needs.