News

October 2, 2020
IRENA report finds solar is biggest job creator in global renewable energy

The International Renewable Energy Agency—a global intergovernmental organization with 180 country members that supports renewable energy transition—has just released its Renewable Energy and Jobs report for 2020, with some surprising revelations about the role of solar energy in new job creation. “Renewable energy, now predominant in new electric power capacity, has proven especially flexible, cost-effective, and resilient in the face of the 2020 health and economic crisis,” IRENA Director-General Francesco La Camera writes in the foreword to this year’s report. “Even better, renewables create numerous and diverse jobs. Last year, jobs in the sector worldwide reached an estimated 11.5 million, continuing a long-term growth trend.”

October 2, 2020
NSTDA in collaboration with KKU KMUTT KMUTNB and EVAT to fund Thailand Energy Storage Technology Alliance

The Ministry of Higher Education, Science, Research and Innovation by National Science and Technology Development Agency, Khon Kaen University, King Mongkut's University of Technology Thonburi, King Mongkut's University of Technology North Bangkok in collaboration with Electric Vehicle Association of Thailand, signed a memorandum of understanding for Partnership Agreement among the founding institutes of Thailand Energy Storage Technology Alliance (TESTA). The purpose is to establish alliances in developing storage technologies along its value chain.

October 2, 2020
ASEAN’s future energy landscape post COVID-19

For the past two decades, ASEAN member states have achieved remarkable progress in the energy sector in terms of the acceleration of rural electrification access, rapid provision of large-scale national grid systems, successful mobilisation of indigenous resources, gradual adoption of new technologies and share of renewables into their respective energy mix. Further, ASEAN is also beginning to see cross-country electricity entry trade bilaterally and power exchanges that will promote the future market of multi-lateral trade. However, the future energy landscape of ASEAN will rely on today’s actions, policies, and investment to change the current dominant fossil fuel-based energy system into a cleaner energy system.

September 25, 2020
Southeast Asia’s wind power in need of investment

Southeast Asia’s wind power sector requires at least US$14 billion of investments by 2030, says Wood Mackenzie. This is to support the 8.9 GW of new wind power capacity that Wood Mackenzie expects to be added between 2020 and 2029. With a population exceeding 650 million and average annual power demand growing at 8% until 2030, Southeast Asia is one of the world’s fastest growing power markets. To support this growth, the region’s governments are setting renewable energy targets to diversify their energy mix to be more energy self-sufficient. Wood Mackenzie Principal Analyst Robert Liew said: “Currently there are about 20.7 GW of planned wind power capacity in the pipeline, but we think less than half or 8.9 GW will be realised by 2030.

September 25, 2020
The future of the country’s power sources: How renewable and clean energy can sustain the next generations

The future of energy is headed in the direction of a cleaner, more efficient, and sustainable sources. The world’s largest economies, led by Germany, Japan, and the United Kingdom, are rolling out plans to transition from coal to more sustainable energy sources, such as solar, hydro, geothermal, and wind energy… But while infinite and free, these resources are not always available to make wind farms and solar panels generate electricity at maximum potential. Issues like this take primary consideration, particularly in developing countries like the Philippines, which suffer from an unreliable supply of electricity and whose people are the first to suffer frequent and severe weather changes caused by climate change.

September 25, 2020
Vietnam steps up clean energy development: report

The year 2020 marks a major turning point in the energy industry of Vietnam, with clean energy strengthening its solid position and establishing itself as a profitable sector with significant potential for development, while coal-fired thermal power no longer holding the position as a favoured energy source in the country. The information was shared in the Vietnam Energy Update Report 2020 recently released by the Centre of Media and Development Initiatives (MDI) under the Vietnam Union of Science and Technology Associations. The report examines key features of the development of Vietnam’s energy sector from August 2019 to August 2020, with a focus on major power generation sources.

September 25, 2020
The untapped potential in Asian offshore wind power

From 2020 to 2025, global renewable energy capacity is projected to grow by 50%, likely led by solar photovoltaic and onshore wind. It would be a mistake, however, for developers and insurers to overlook the prospects for offshore wind. Offshore wind power has seen strong growth in recent years and presents significant untapped potential. Around the world, the sector has seen average annual growth of 30% from 2000 to 2018. Total capacity is projected to increase threefold by 2025. Notably, momentum in offshore wind has shifted from Europe to Asia. Of the 17 GW of offshore turbines ordered globally last year, China alone accounted for 76% of those orders; as a region, Asia accounted for 88%. In recent years, Asian countries have considered ramping up investment in offshore wind power due to its high economic efficiency and support for the low-carbon transition.

September 18, 2020
Asean’s road to a green economic recovery

In Southeast Asia, Covid-19 has worsened the already grim economic growth in 2019 that resulted from US-China trade tensions and Brexit uncertainties. The latest figure from Asian Development Bank (ADB) has forecasted that the economic growth of Asean Member States (AMS) will contract by 2.7 per cent in 2020, a notable cut from 1 per cent growth projection in April 2020. Realising the fuller extent of Covid-19, International Monetary Fund (IMF) and World Bank have also adjusted their outlooks to more relaxed recovery scenarios in June 2020. The sharp decline in international trade and tourism that flow through Asean has considerably slowed down economic activity, dragging Asean to the face of a deep recession.