Developing new solar power generation capacity could be cheaper than running existing coal-fired power plants in Vietnam as early as 2022, according to a study by…Carbon Tracker. The group posited that timescale as one of three scenarios it examined to explain why policymakers would be ill advised to follow through with a planned coal pipeline amounting to 32 GW of new capacity.
Thailand's solar power market is heating up as many listed companies plan massive investments in the sector. Distribution channels for solar panels are also expanding to serve local demand for both on-grid and off-grid power generation. For on-grid power capacity, the national PDP for 2018-37 has a revised target for its solar power portfolio over the next 20 years.
The Lao government has agreed to conduct a feasibility study on electricity trading and hydropower exchanges with neighbouring countries to boost cooperation in the energy sector. Laos has agreed to sell 5,000MW of electricity to Vietnam, and while it is currently exporting just over 300MW it is expected to supply 1,000MW by next year.
FTI is digging on its position that the current wholesale price for electricity is too low for small operators in renewable energy. The industry lobby sees room for an increase…to a level below that which starts to affect ordinary consumers. If the purchase price is not increased, the amount of electricity produced from renewable energy will not reach the official target of 19,000 MW by 2036.
Solar power’s leading role in driving the energy transition – and the decarbonization of other sectors required to stave off catastrophic climate change – has once again been highlighted. IRENA has published a study that signals the end times for coal-fired power, thanks to plunging unsubsidized clean power costs, and indicates how cheap renewables can power the electrification needed to reduce carbon emissions.
The cost of renewable energy has tumbled even further over the past year, to the point where almost every source of green energy can now compete on cost with oil, coal and gas-fired power plants, according to new data released today. These fuel types are now able to compete with the cost of developing new power plants based on fossil fuels such as oil and gas.
Power generation capacity in the Philippines based on renewable sources other than hydro is expected to see a double-digit annual growth over the next 12 years, driven by the continued growth in the economy and the population. Investments in renewables were being driven by rising electricity consumption, which is expected to reach 173,000 gigawatt-hours in 2030.
Vietnam has become a hot spot for energy investors eying a spend of up to $150 billion over the coming decade to meet surging power demand, with coal set to dominate despite signs of a government effort to go green. A change of emphasis that began in 2016 with a revised version of PDP 7 has started to embrace cheaper renewable energy, and analysts expect PDP 8 to further adjust policy.