The government must provide more incentives and loans to encourage households to adopt solar energy generation, according to experts. Decharut Sukkumnoed, lecturer on economics at Kasetsart University's Faculty of Agricultural and Resource Economics, said the growth in solar-powered households would be much greater if the state offered better financial incentives - including higher prices for households that sell electricity back to the power grid, and loans for installation of panels at home.
If solar arrays can withstand conditions in a country that is hit by an average of 20 typhoons per year, the technology can survive less treacherous conditions in other countries, said Dr Thomas Reindl, deputy chief executive of the Solar Energy Research Institute of Singapore...“The Philippines’ competitive advantage would be to come up with a solution that would work with strong winds and is, at the same time, cost-effective,” he said.
The Ministry of Industry and Trade (MoIT) said in its latest report on the implementation of power projects in the revised Power Development Plan VII (PDP7), that 47 of the 62 approved plants are behind schedule to various degrees, going from a few months to as long as five years. Delays in many electricity projects threaten the south of Vietnam with power shortages from as soon as next year.
Southeast Asian nations are stepping up plans to invest in and deploy solar power as the cost has dropped below that for gas-fired power plants, according to analysts and government officials. The region, where power demand is expected to double by 2040, is striving to expand the share of renewable sources as developing nations seek affordable electricity while battling climate change.
With the International Monetary Fund (IMF) expecting Vietnam’s economy to grow by 6.5 percent in 2019 and 2020, it is only natural that one of the region’s fastest growing countries is turning towards renewable energy to secure its energy needs…Vietnam added 4.45 GW of new solar PV capacity from June 2018 to June 2019, and Norwegian consultancy Rystad Energy calculated that the average time for construction and commissioning a solar PV project in Vietnam was “an astonishing 275 days.”
Asia Pacific’s decarbonisation bill could reach $3.5tn (€3.2tn) by 2040, according to new research by Wood Mackenzie, which totals investments in solar, wind, hydro and nuclear power, as well as green hydrogen production. Under Wood Mackenzie’s accelerated transition scenario, most of the region’s zero carbon expenditure will be in the power and transport sectors, as both accounted for over 50% of the region’s carbon emissions in 2018. This significant shift requires investment and support from all stakeholders especially China and India, stated the analyst outfit.
On 31 October 2019, energy industry leaders gathered in Singapore for the Wind Energy Conference at the Asia Clean Energy Summit (ACES). The conference, co-organised by the Global Wind Energy Council (GWEC) and the Sustainable Energy Association of Singapore (SEAS), featured dialogues on regulatory challenges, project financing and the latest technological advancements in the wind sector.
The new IEA Southeast Asia Energy Outlook 2019 (SEAO) provides a comprehensive overview of energy prospects in an increasingly influential region for global energy trends. Alongside the scenario projections and analysis, the report contains three “deep dives” – on the future of cooling, on regional electricity trade and renewables integration, and on investment – that reflect priorities for cooperation agreed between Southeast Asia energy ministers and the IEA.