2016 half Southeast Asian renewable energy market Outlook

Polaris solar PV net news: first half of 2016, power plant renewable energy project development in Southeast Asia is no longer a strong momentum. So far, the region has no plan to introduce a new round of tariff (FiT) subsidies, and market mechanisms are gradually forming. Although in the short run, the project development in the region will slow, but with the increasing economics of new projects, market mechanisms play a role started, medium term, where the electricity market will still show positive trends.

˙ Thailand has carried out the first phase of the “community solar (Conmmunity Solar)” tender and whorls of a substance reverse auctions, and was planning the second phase of the bid. Meanwhile, Thailand’s solar policy also encourages “self-sufficient” popularity of rooftop solar systems. The past, Thailand had discussed the launch of a new round of small-scale wind energy reverse auction (<10MW), but the possibilities seem slim.

¨2016 in May, national renewable energy Council of the Philippines (National Renewable Energy Board) proposes the introduction of third round of price subsidies, and DOE (Department of Energy) is also published on the implementation of renewable portfolio standards (Renewable Portfolio Standard, referred to as RPS) of the draft. However, because of concerns about government subsidies further additional costs will be passed on to consumers, the Philippines third round of electricity price subsidies may not be implemented unless the price can be achieved at a very low level, it will not bring additional burden to consumers.

¨2016 in May, Malaysia conducted the country’s first power plant photovoltaic projects. March 2016, Viet Nam had amended the country’s 7th power development plan, for the first time set a clear target for solar energy development. Indonesia’s new energy resources are still focused on geothermal projects, is expected to scale up to 1625MW among the 2016-2018 bidding.

¨2016 first half of the year, power plant renewable power generation projects in Southeast Asia to raise only US $ 300 million, which herald the growth of renewable energy power generation projects will be slowed in the near term. However, the medium-term, Southeast Asia still has a certain potential for renewable energy projects. With the increasing economics of new projects, market mechanisms play a role started and here renewable energy capacity is expected to be starting in 2019 acceleration. We expect, in 2016-2020, Southeast Asia’s new renewable energy installed capacity will reach 15.4GW, which 66% for photovoltaic and wind power capacity.

Here is our sets of data:

¨2016 first half of the year, Southeast Asia will be about 1.2GW power plant entered service in renewable generation capacity, 1GW of them from Thailand and the Philippines’s PV project.

˙ Malaysia for a 300MW power plant photovoltaic capacity tender, while Thailand has been “community solar facility” reverse bidding of tenders and biomass energy, a total volume of 327MW.

¨2016-year in March, the Viet Nam first PV capacity development goals, respectively in 2020, the country’s PV capacity increased to 0.85GW by 2030 to 12GW.

Original title: first half of 2016 Southeast Asian renewable energy market Outlook

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