EQ iSearch Report on South East Asia Solar Industry

Page 51

The Wealth Power Group of Vietnam along with two other partners going to develop Solar PV Power projects in Champasak and Sekong provinces with an estimated capacity of 500 MW. As there are lots of opportunity for the Solar PV projects, if these projects will come online, will supply 10 percent of their electricity output for the domestic market and 90 percent will be exported to neighbouring countries, particularly Vietnam and Myanmar. The country has fewer Solar projects which are currently generating electricity. Due to lack of policy, funding and foreign investment in Solar are not accelerating, the Power mix for Solar PV installed capacity was less than a percentage. Many announcements in the Solar PV segment are happening these days, such as 1,200 MW of floating Solar PV project at Nam Ngum 1 dam reservoir which will become the largest floating Solar project globally when commissioned.

CONCLUSION ON SOUTH EAST ASIA REPORT South-East Asian (SEA) countries are at the heart of the Global Solar PV Market. The government of different countries in SEA has set a target to increase the percentage of renewable energy by 2025 to support the growth of renewable energy nationally. Various policies, a framework is established within their countries for the development of renewable energy, especially Solar PV. The optimal utilization of renewable energy can improve the economy of the South-East Asian countries and support industrial and commercial growth especially Myanmar, Cambodia, Nepal, and others who are importing electricity from other countries to fulfill the growing demand of their developing economy. South-East Asian countries have become an attractive destination for renewable energy investors, which is helping the electricity cost to come down drastically comparing with the previous decade. Large-scale Solar PV project becomes an issue in a different part of the countries in South East Asian region due to hilly terrain across the country but floating Solar PV project is trending, especially to those regions which have an abundance of water bodies due to its large number of hydropower dams, thermal power ponds, and man-made reservoirs. Many countries have set the target for renewable energy by 2025, 2030, 2050 to become 100% carbon-free emission country by sourcing electricity from renewable sources especially Solar PV.

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iSearch South East Asia Solar PV Industry

51


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CONCLUSION ON SOUTH EAST ASIA REPORT

2min
pages 51-52

SOLAR PV PROJECT MYANMAR…………………………………………………………………………………………….………………………………………43

5min
pages 41-44

POWER MIX

0
page 48

SOLAR PV PROJECT LAOS………………………………………………………………………………………………………………………………………………50

2min
pages 49-50

SOLAR PV PROJECT NEPAL…………………………………………………………………………………………………….………………………………………41

2min
page 40

SRI LANKA ROOFTOP SOLAR……..................………………………………………………………………………….…………………….…………39

4min
pages 37-39

POWER MIX

0
page 33

ISSUE IN SOLAR MICRO GRID

3min
pages 35-36

BANGLADESH

1min
page 32

INDONESIA

2min
page 28

POWER MIX

2min
pages 29-30

ELECTRICITY GENERATION LICENCE

1min
page 27

SOLAR PV PROJECT

1min
page 31

QUARTERLY SOLAR PV INSTALLATIONS

0
page 26

PHILIPPINES

1min
pages 19-20

ROOFTOP SOLAR GROWTH ………………………………………………………………………………………………….…........0

2min
pages 6-8

SOLAR PV PROJECT

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page 14

MALAYSIA

3min
pages 16-17

SOLAR PV PROJECTS

2min
page 18

SOLAR PV PROJECTS

3min
page 24

POLICY

1min
page 15

VIETNAM

2min
page 5
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