Up to 150GW of wind and solar projects across the Asia Pacific could be delayed or cancelled over the next five years if a coronavirus-led recession extends beyond 2020, according to latest Wood Mackenzie analysis. Wood Mackenzie predicted a two- to three-month power demand disruption with strong recovery would lead to 380 terawatt-hour of power demand lost in the region this year...Wood Mackenzie research director Alex Whitworth said: “The extent of the coronavirus impact on Asia Pacific markets is key to the future growth of the renewables sector.
Wind power emerged from 2019 as America’s top choice for new power after building 9.1 gigawatts (GW), representing 39 percent of new utility-scale power additions. With these additions, operating wind power capacity in the U.S. now stands at over 105 GW, enough to power 32 million American homes. In addition, wind energy is now the largest provider of renewable energy in the country, supplying over 7 percent of the nation’s electricity in 2019.
The first one recommends that factories should be allowed to install rooftop solar panels to access the off-peak energy tariff, with the second suggesting the finalisation of Cambodia’s first wind farm PPA (at the same or slightly lower c/kWh price negotiated for the recently approved coal-fired projects). Cambodian Prime Minister Hun Sen promised in February to give tax breaks to garment factories hit by supply chain disruptions caused through the Coronavirus epidemic and higher tariffs after the European Union (EU) withdrew trade preferences over human rights.
The world could unlock a hundred-trillion-dollar boost to global GDP and millions of new jobs by 2050 if it makes renewables the centrepiece of the COVID-19 recovery, the IRENA has said. A boom of solar, energy storage and other technologies would “pay for itself” and help the world turn the page from the severe recession economists are forecasting as the pandemic squeezes the global economy, the agency argued in a new report.
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.