SE Asia solar energy space seen up for faster growth

Published onJuly 3, 2019

Vietnam is now the fastest-growing solar photovoltaic (PV) market in Southeast Asia, overtaking the Philippines but thanks partly to investments made by the Ayala group’s AC Energy and its local partners, according to SolarPlaza. The Rotterdam-based consultancy said in a report that Southeast Asia was quickly becoming one of the most promising regions in the global expansion of the solar energy industry. “The high levels of solar irradiation, growing energy demand and ever-increasing level of commitment by governments in the region towards renewable energy generation are just some of the factors that have ignited a growing interest in the region from both local and international stakeholders,” the report said.