The Asia Wind Energy Association and De Oude Bibliotheek Academy (DOB-Academy) have joined forces to initiate the establishment of a regional Academy for the fast-growing offshore wind industry in Asia-Pacific. The Asia-Pacific Offshore Wind Academy will be established in Singapore and will provide educational services for the regional offshore wind industry. The Asia-Pacific regional Academy will be the first dedicated academy for the offshore wind industry in Asia-Pacific focused on higher level education.
By the end of last year Vietnam had surpassed Malaysia and Thailand to reach the largest installed capacity of solar power in Southeast Asia, with 44% of the total capacity, according to figures from Wood Mackenzie, a firm that sells consulting services in the energy industry. The figures show that Vietnam is serious about solar power, an issue that had been up for debate for years. Solar supporters were encouraged to see the government offer a high feed in tariff (FIT), a fee pioneered in Germany to let solar panel owners sell power to the grid. This helped push Vietnam to reach 5.5 gigawatts of solar capacity last year.
As renewables take over the world’s energy mix, the region will continue to grow its global PV capacity at full speed. Large-scale solar farms have become a more common sight in Asia over the last few years. Technology costs have been decreasing significantly to the point that analysts forecast that by 2050, photovoltaic (PV) systems will cost a measly $0.42 per watt or as much as 43-54% less than today’s price tag. This has sent Asian countries on a construction spree as they aim to hit ambitious renewables targets and meet the growing energy demand in the region.
The UN has published the 2020 edition of the World Economic Situation and Prospects (WESP) report. It draws attention to economic risks in 2020 posed by trade disputes, policy uncertainties, and political polarization. This political and economic climate, combined with rising global temperatures and more weather-related shocks, points to a clear need for “a dramatic shift in the global energy mix.”
Corporate renewable energy power purchase agreements (PPAs) increased 40% last year, compared with 2018, according to research by BloombergNEF (BNEF). BNEF said in its '1H 2020 Corporate Energy Market Outlook' that clean power PPAs totalling 19.5GW were signed by over 100 corporations in 23 different countries in 2019. This was up from 13.6GW in 2018, and more than triple the activity seen in 2017, it added.
Vietnam’s state-owned utility EVN has confirmed that it will maintain the 20-year feed-in tariff for rooftop PV installations not exceeding 100 kW in size at the rate of $0.0935/kWh until 2021. The decision to leave the current tariff unchanged was suggested by the country’s Ministry of Industry and Trade (MOIT), which said it is crucial to maintain high levels of solar energy deployment in the residential and commercial segments.
Almost 627 GW of new wind power capacity is expected to be installed by 2028, according to analysis by Navigant Research. The ‘Global Wind Energy Overview’ report said the new capacity represents a market worth of more than $92bn in 2019 and over $1 trillion during the period. Navigant said wind turbines installations were flat from 2017 to 2018, but “behind the flat figures are profound shifts throughout global wind power markets”.
Laos’ electricity exports to neighboring countries and ASEAN states are expected to increase to about 20,000 megawatt (MW) between 2020 and 2030. Electricity is considered a huge revenue earner for Laos, especially through exports to neighboring countries and ASEAN states such as Thailand, Vietnam, Cambodia, Malaysia, Myanmar and Singapore, local daily Vientiane Times reported on Wednesday, reports Xinhua. Electricity is exported from Laos to ASEAN countries through Thailand by a transmission line.