Solar power gets more cost-competitive in Asean

Published onApril 3, 2019

Renewable energy sources can be just as – or even more – cost-competitive than conventionally generated power in South-east Asia, a study by the Asean-German Energy Programme has found. “With a few years of development, solar PV (photo-voltaic) could potentially compete with conventional energy sources, especially if it was assumed that the prices of the conventional forms of energy will steadily increase,” the Asean Centre for Energy said in a report….“Several factors, such as subsidies, resources scarcity, and the constant ageing of existing facilities will likely push the costs of conventional energy sources higher over time,” the report added. This is even though biomass and hydropower are the more cost-competitive renewable power sources for now, which the study attributed to the relative maturity of these technologies.