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.
The Philippines, Thailand, and Vietnam were found to have the largest wind power capacity amongst the 10 ASEAN member states at the end of 2017, the installed capacities in these three countries were 430MW, 427MW, and 159MW, respectively, according to a report published by the ASEAN Centre for Energy (ACE) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
The solar power installed capacity in the 10 ASEAN member states increased significantly between 2007 and 2017, from around 47MW to 4,211MW with Thailand, the Philippines, and Malaysia as the leading countries, according to a report published by the ASEAN Centre for Energy (ACE) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.
It would be cheaper to build local wind and solar projects than continuing to operate 74 percent of U.S. coal plants, according to a new report. The LCOE from new renewables plants built within 35 miles of an existing coal-fired station is lower than that of 74 percent, or 211 gigawatts, of the 2017 U.S. coal fleet.
According to new research, the U.S. has entered a “coal cost crossover,” meaning the majority of existing coal plants are increasingly more expensive than new sources of cleaner energy. A new report claims new wind and solar power could replace roughly 74% of the U.S.’ current coal fleet at an “immediate savings” to customers.