Over the past few years, although there has been a climb in investment in renewable energy, not only authorised agencies, but investors have expressed their concern about the capacity of absorbing electricity of the national power grid. The southern central region is home to the nation’s renewable energy, but power grid conditions there are not prepared for upcoming demands.
The Thailand Energy Regulatory Commission plans to open up the long-awaited solar rooftop scheme in March, with a total capacity of 100 megawatts. This is the second round of the solar rooftop programme for local investors after the first round opened in September 2013 with a total capacity of 200MW, all of which has commenced commercial operation.
Due to their decreasing costs, lithium-ion batteries dominate a range of applications including electric vehicles, computers and consumer electronics. You might think about energy storage only when your laptop or cellphone are running out of juice, but utilities can plug bigger versions into the electric grid. And thanks to rapidly declining lithium-ion battery prices, using energy storage to stretch electricity generation capacity.
Although located at different latitudes and on different continents, Cambodia and Lithuania now share the distinction of joining the list of nations that have embraced reservoir-based floating PV. Cleantech Solar has announced the completion of a 9.8 MW solar installation that includes 2.8 MW of floating PV and will power Cambodian cement manufacturer Chip Mong Insee Cement Corporation.
Thailand plans to build the world’s largest floating solar farms to power Southeast Asia’s second-largest economy and to boost the country’s share of clean energy. State-run EGAT will float 16 solar farms with a combined capacity of more than 2.7 gigawatts in nine of its hydroelectric dam reservoirs by 2037.
Cheaper finance from development players would shorten the renewable transition of many countries and kickstart the local small-scale PV and storage market, according to BloombergNEF. The firm published a study this week showing concessional funding would bring cost parity forward by several years for PV and wind producers across emerging markets.
Southeast Asia is a growing region with countries here averaging growth rates of 5.1 percent. This situation has rightly prompted a rise in energy demand within the region. Between 2000 and 2016, economic growth in the region spurred a 70 percent increase in primary energy demand. To that end, governments in Southeast Asia have implemented a host of policies to ensure energy demand is met.
A 9.8MW PV project featuring rooftop and floating elements is approaching the finish line in Cambodia, breathing new life into a national PV scene still stuck in the low-double-digit MW region. Cleantech Solar is building, financing and running a dual PV installation to power a production plant in Kampot province.