In a report entitled ‘Asia Pacific Renewable Energy Policy Report 2019’, the data and analytics company revealed the regulatory framework and policies employed by 15 Asia-Pacific countries to achieve strong growth in the renewable energy market in their bid to abide by international emission norms.
Osaka Gas Co will this month form a joint venture in Thailand to supply solar power, marking its debut as a renewable energy supplier in Southeast Asia. Osaka Gas said on Wednesday in Bangkok it will establish the joint venture — tentatively named OE Solar Co — with Thai solar power company Energy Pro Corp to supply corporate clients, mainly in Bangkok.
Norwegian consultancy Rystad Energy has placed the Australian and Vietnamese solar markets side by side and found the Southeast Asian country left its rival trailing in terms of commissioned utility scale PV capacity. A staggering 4.46 GW of connected PV capacity in Vietnam at the end of June came as a surprise to many.
On the move to reinforce electricity security, the Ministry of Energy has amended its Alternative Energy Development Plan (AEDP) 2018 to comply with the national electricity generating capacity development, increasing the ratio of electricity generation from renewable energy sources to 29,358 megawatts by 2037.
Vietnam is now the fastest-growing solar photovoltaic (PV) market in Southeast Asia, overtaking the Philippines but thanks partly to investments made by the Ayala group’s AC Energy and its local partners, according to SolarPlaza. The Rotterdam-based consultancy said in a report that Southeast Asia was quickly becoming one of the most promising regions in the global expansion of the solar energy industry.
Thai energy conglomerate PTT Pcl is boosting investments in electricity generation, particularly renewables, given what it says is a “highly uncertain” outlook for oil over the next year. The country’s biggest company, which is involved in everything from oil exploration and power generation to gasoline and coffee retailing, revised its 2019 capital spending plan in late June, Chief Executive Officer Chansin Treenuchagron said in an email interview.
To realize the regional goal of generating 23% of energy from renewables within six years, quality data and analyses are needed to support investment decisions made by member states of the Association of Southeast Asian Nations (ASEAN). One such piece of analysis has used a new mapping application to visualize the costs of developing solar and wind projects in the region.
Clearway Energy Group, one of the U.S.’s largest clean power developers, is launching a pilot electronic marketplace for renewable energy credits as more states push for solar and wind projects. The company has partnered with Power Ledger, which develops blockchain-enabled energy trading software, to build a system to both track and trade so-called RECs.