On 9 April 2020, Vietnam’s Ministry of Industry and Trade (MOIT) filed a report to the Prime Minister’s office proposing an extension for the wind Feed-in Tariff (FiT) that was set to expire in November 2021. The key points of MOIT’s extension recommendation include: Extend the period of the fixed Feed-in Tariff for wind power projects in Decision 39 to 31 December 2023. Assign MOIT to propose to the Prime Minister a new Feed-in Tariff for wind power projects having commercial operation date from 1 November 2021 until the end of 31 December, 2023. After 2023, wind power projects will be awarded through an auctioning mechanism.
The Department of Energy (DoE) is finalizing its policy on the auction of green energy to promote the use of renewable energy (RE) in the Philippines. In a text message to The Manila Times, Mylene Capongcol, director of the DoE’s Renewable Energy Management Bureau, said they “have consolidated comments [for the proposed rules, which] will be finalized for endorsement to” Energy Secretary Alfonso Cusi. She did not disclose the timeline for issuing the rules governing the Green Energy Auction Program in the Philippines, but she said it was a “priority program” of the Energy Chief
Cambodia’s installed solar power capacity has increased by 60 MW after a new photovoltaic (PV) park was tied to the national grid, the Phnom Penh Post reports, citing a government official. The solar farm is located in Kampong Chhnang province in the central part of the country and is owned by a SchneiTec Renewable Co Ltd -- a joint venture of Chinese and local companies. After its connection to the power network last weekend, Cambodia’s grid-connected PV capacity has increased to 150 MW, Victor Jona, a spokesperson for the Ministry of Mines and Energy, told the newspaper.
Phase I of the ASEAN Plan of Action for Energy Cooperation (APAEC) 2016–2025 will conclude in 2020. Its key strategies involve the ASEAN power grid, clean coal technology, renewable energy and civilian nuclear energy, among others. Yet concerns have been raised about ASEAN’s ability to achieve these objectives. By 2025, ASEAN will experience an estimated 50 per cent rise in energy demand and aims to increase the share of renewable energy sources in its primary energy supply to 23 per cent. According to the International Energy Agency’s Southeast Asia Energy Outlook 2019, the current share of renewable energy in regional primary energy supply is around 15 per cent.
The Vietnamese government has set new feed-in tariff (FIT) rates for utility-scale, rooftop and floating solar installations. The new purchase price for electricity generated by ground-mounted PV plants is $0.0709/kWh over a period of 20 years, and $0.0838/kWh for rooftop PV arrays. The government will also offer a FIT rate of $0.0769/kWh for floating solar projects, according to Decision 13/2020/QD-TTg, which was issued by Vietnamese Prime Minister Nguyen Xuan Phuc on Monday. PV developers will only qualify for the new rates if they put their projects into commercial operation by Dec. 31, 2020.
MIGA, a member of the World Bank Group, has issued guarantees that will support the refinancing of existing power transmission infrastructure in Cambodia’s capital, Phnom Penh, and its surroundings. The move paves the way for commercial funding to replace financing previously offered by the Export-Import Bank of Malaysia Berhad (Malaysia EXIM). The project, implemented and operated by Cambodian Transmission Limited (CTL), consists of a 230kV transmission network that connects the Phnom Penh region with power generators in the east and northeast of the country.
Regional aspirations for a swift transition from fossil fuel to renewable energy are likely to be dashed by the economic and market crises triggered by the global COVID-19 outbreak, experts say. Southeast Asian nations already struggling to meet climate change targets will find those goals further from reach, with the unprecedented health emergency becoming the principal priority and a major economic burden. Nuclear energy exploration - being considered by several nations in recent times, including Indonesia and the Philippines - is now also expected to be shelved indefinitely.
The renewable energy sector added 176 gigawatts (GW) of generating capacity globally in 2019, marginally lower than the (revised) 179 GW added in 2018. However, new renewable power accounted for 72 per cent of all power expansion last year, according to new data released by the International Renewable Energy Agency (IRENA). IRENA’s annual Renewable Capacity Statistics 2020 shows that renewables expanded by 7.6 per cent last year with Asia dominating growth and accounting for 54 per cent of total additions.