Xiamen Lynsa Intelligent Technology Co., Ltd

Home
Products
About Us
Factory Tour
Quality Control
Contact Us
Request A Quote
Home News

Southeast Asian Solar Power Set to Surge as Costs Drop Below Natural-Gas Generation

Certification
Good quality Camping Solar Power Supply for sales
Good quality Camping Solar Power Supply for sales
Professional customized ability and perfect purchasing experience!

—— Tom

It has been a few years since we cooperated, the quality always remain reliable and perfect.

—— Matt

I'm Online Chat Now
Company News
Southeast Asian Solar Power Set to Surge as Costs Drop Below Natural-Gas Generation
Southeast Asian Solar Power Set to Surge as Costs Drop Below Natural-Gas Generation

Southeast Asian Solar Power Set to Surge as Costs Drop Below Natural-Gas Generation


Southeast Asian nations are stepping up plans to invest in and deploy solar power as the cost has dropped below that for gas-fired power plants, according to analysts and government officials. The region, where power demand is expected to double by 2040, is striving to expand the share of renewable sources as developing nations seek affordable electricity while battling climate change.

 

ASEAN (Association of Southeast Asian Nations) members have forged themselves into leading industrial and export-driven manufacturing hubs in recent decades. They have been lagging behind when it comes to deploying solar and other emissions-free energy resources, however; that despite having committed to achieving UN renewable energy and climate change goals.

Southeast Asian Solar Power Set to Surge as Costs Drop Below Natural-Gas Generation

 

 

In addition, Malaysia recently completed a 500-megawatt (MW) solar power auction via which a bid for 365 MW of new solar capacity came in below the average cost of building natural gas-fired power plants, Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin highlighted. The country intends to carry out at least one more-500 MW tender in next year’s second quarter, Yeo said.

More broadly, Malaysia intends to increase its renewable energy for electricity generation from 6% at present to 20% by 2025. The majority is expected to be solar power. “For the first time in the history of Malaysia we have a large-scale solar energy costs that is less than gas,” Yeo said at Singapore International Energy Week. “We now finally have an alternative energy that is cheaper than gas to replace our peak energy demand at midday.”

Another regional industrial and trading leader, Singapore set a goal of installing at least 2 GW of peak solar power capacity by 2030—more than 10% of current peak electricity. Natural-gas power generation supplies 95% of Singapore’s national generation capacity at present. Installing 2 GW of solar capacity could potentially replace that with emissions-free, solar power capacity, Wood Mackenzie Power & Renewables points out.

“This being presented by the (Singaporean) authorities is very interesting as this points towards firm political determination to go towards a low-carbon economy in a constrained world,” added Francesco La Camera, Director-General of International Renewable Energy Agency (IRENA). Furthermore, “There need to be some good measures to ensure that investors feel confident that their money could be returned in a relatively reasonable period,” said Keisuke Sadamori, the International Energy Agency (IEA) director for energy markets and security.

Varying solar power deployment and investment across Southeast Asia

Solar energy investment and deployment and potential varies widely across and within ASEAN members. Laos continues to boost its hydroelectric power capacity despite the ensuing degradation of water, fishing resources, community displacement and loss of traditional livelihoods. The Philippines continues to subsidize coal power and oil fuels for transportation despite their higher true costs and resulting damages to human and environmental health.

Leading industrialized ASEAN members, such as Thailand, have focused on supporting utility-scale solar, while deployment of smaller-scale solar-plus-storage home systems and microgrids have taken the lead in other, less industrialized countries, such as Indonesia and Myanmar. A mix of utility and small-scale solar-plus storage has and is being installed in the Philippines and Cambodia.

Pub Time : 2020-04-20 10:14:44 >> News list
Contact Details
Xiamen Lynsa Intelligent Technology Co.,Ltd.

Contact Person: Mr. Denny Wu

Fax: 86-592-6013722

Send your inquiry directly to us (0 / 3000)