Tag: Asia

16
Jan

Southeast Asia’s solar industry thrives despite market expectations

The solar explosion may be diminishing in some countries, but definitely not in Southeast Asia.

When forecasters noticed slower solar PV installations worldwide in 2017, when developed markets neared saturation, it put investors under loads of stress to determine whether Southeast Asia would be the next fountain of solar growth. Analysts can speculate the potential of this region of approximately 600 million people, especially as governments and developers have started to understand the strict regulations, outdated technology and poor infrastructure that has been diminishing the investment in the Southeast Asian solar projects. But the sheer amount of work to be done puts the region a long way off from reaching a solar renaissance.

“As renewables markets mature, renewables investors are looking to new markets for their next source of growth. Solar PV generation has great potential and has been the most attractive renewable energy source amongst the Southeast Asian nations,” said Eric Ho, director at Renewable Energie Singapore. “Growth prospects are tremendous in Southeast Asia with a combination of fast-growing economies with resulting investment in manufacturing, transportation and energy infrastructure, rapid growth in electricity demand and good solar resource,” he further stated, noting that annual solar radiation levels in the region ranges from 1,460 to 1,900 kWh/m2 per year.

Asian Power: Southeast Asia's solar industry thrives despite market expectations

Asian Power: Southeast Asia’s solar industry thrives despite market expectations

Feed in Tariff to expand and Thailand to be the role model

Feed-in tariff (FiT) schemes have been helpful to the solar PV growth in Southeast Asia. In Thailand, which is by far the largest producer of solar energy in the region as there is strong government support, solar capacity has increased in the past three years, from 1,299MW in 2014, and 2,021MW in 2015, to over 2,800MW in 2016, which is higher than those of all other Southeast Asian countries combined. Thailand is not looking to slow down its solar PV expansion anytime soon. They have a target to have installed 6,000MW by 2036. The country is also becoming a regional role model for Southeast Asian nations that are starting to scale up their programs.

“Because of Thailand’s experience with large solar farms and its promoting policies, it forms a hub for PV testing services and a source for information. Solar energy projects are offered the highest feed-in tariff (FiT) subsidies,” said Ho. “In the past years, several FiT programs for smaller solar energy projects were created with very attractive rates. By giving the highest FiTs to the smallest producers, the government aimed to promote green energy communities and small-scale rooftop programs.”

Investors are also heading over to the Philippines, which, since the launch of the FiT program a few years ago, had no solar industry. The fast pace of Solar expansion in the Philippines, made them one of the the top 10 markets in the world. “The FiT program drove solar PV development in the Philippines into high gear,” Ho noted. “Solar PV is expected to reach 3 GW of utility solar by 2022.”

Dave Maslin, country manager for OWL Energy, believed that the FiT process generated investor interest when it was first shown but it was far from perfect. It was believed that the process had problems with transparency and guidance. “After securing a service contract and Department of Energy (DOE) approval on its commerciality, the project developers were caught in a limbo: It had no obligation to proceed but had the go-signal to begin construction.”

Solar in Southeast Asia, Thailand in particular, is thriving. In order for you to jump on the band wagon, get in contact with us and we’ll help you to get set up.

Click here to read more about ‘Southeast Asia’s solar industry thrives amidst dimming market expectations’.

08
Jan

Philippines’ Solar usage ranked 1st in the developing world

This year, the Philippines has been ranked at number No. 1 among the developing countries in Asia in terms of the use of solar PV systems for electricity generation, according to a Dutch consultancy firm.

“The Philippines is still relatively young when it comes to solar development, but was able to get seven active projects ranked in the top 50 list,” Solarplaza research analyst Marco Dorothal said in a report.

PV solar array in the Philippines

PV solar array in the Philippines

He also added that the biggest operational project in the Philippines was currently the 132.5-megawatt Cadiz solar power plant developed by Helios Solar Energy Corp., which was a joint venture between the Thailand-based Soleq Solar Co. and Gregorio Araneta Inc.

Solarplaza also noted that last year in March, the local firm Solar Philippines started erecting a 150-MW solar plant in Tarlac, making it the largest solar power project so far for the country.

Solar Philippines has also opened the country’s first PV module factory!

As of June last year, Solarplaza announced that the Philippines’ solar power installed capacity had reached 900 MW.

Even though the Philippines is going through some policy changes, the government is still supporting solar and the renewable energy sector.

“According to the International Energy Agency, solar power is turning into the cheapest source of new electricity generation capacity in many countries, especially in Asia,” the article provided.

“Solar is forging ahead in global power markets as it becomes the cheapest source of electricity generation in many places, including China and India,” IEA executive director Fatih Birol stated.

The IEA expects that over the next 25 years, the world’s growing energy needs are met first by renewables and natural gas as fast-declining costs turn solar power into the cheapest source of new electricity generation.

Eyekandi-Solar is on the same band-wagon, and assisting Thailand in advancing their solar PV production and renewable energy generation.

Visit our website for more information and a quote.

29
Dec

BCPG Renewable Energy and the Blockchain

A SET-listed renewable power arm of oil refiner and retailer Bangchak Corporation Plc (BCP), is employing the blockchain to trade and supply Thailand with electricity, says the president and chief executive of BCPG Bundit Sapianchai.

BCPG recently signed an agreement in Bangkok with Perth-based Power Ledger to bring person-to-person renewable energy trading to Thailand and Southeast Asia.

Mr Bundit and Mr Martin signed an agreement with Power Ledger to jointly develop solar power and micro grid systems.

Mr Bundit and Mr Martin signed an agreement with Power Ledger to jointly develop solar power and micro grid systems.

Mr Bundit said BCPG plans to set up the first micro-grid in Bangkok, which will be the first in Southeast Asia to be used by the leading property developer, Sansiri Plc, for its T77 project.

The T77 project will span 80 rai. The first project with a distributed power grid is expected to start operations by mid-2018.

“The Power Ledger energy-trading platform allows building managers to trade renewable energy from solar panels installed at each building with autonomous financial settlement enabled via the use of a secure banking interface,” said Mr Bundit.

If you’re interested in Blockchain technology and how the renewable energy industry is moving forward with it, clock here to read the full article on the Bangkok Post website.
Here at EyeKandi-Solar would love to hear from you and what your thoughts are on the blockchain and paying for your energy this way.

Click here to contact us

16
Oct

Are you going to the ASIA CLEAN ENERGY SUMMIT 2017?

If you’re going to, or thinking of going to the Asia Clean energy Summit toward the end of this month, have a read about what you’re going to be witnessing…

Asia Clean Energy Summit 2017

Asia Clean Energy Summit 2017

Asia Clean Energy Summit (ACES) is Asia’s leading event focusing on clean energy technology, policy and finance supported by leading government agencies, research institutes and industry in Singapore. ACES provide a common platform for regional thought leaders in both the public and private sector to collaborate on critical issues and opportunities in harnessing clean energy for the future. As the regional platform to share and co-create innovative clean energy solutions, ACES supports the vision to be a clean energy hub for Asia.

ACES exhibition creates a marketplace for companies to showcase latest technologies solutions.

The PV Asia provides a great platform for the world’s PV experts and scientists to showcase and share the latest developments in solar energy technologies.

The PV Asia Scientific Conference provides an excellent platform for scientists and engineers to showcase their latest developments in solar PV technologies. The conference programme encompasses topics which include novel PV concepts, thin-film technologies, crystalline silicon materials and solar cells, PV module technologies, PV module quality assurance, PV systems, smart grids, and PV characterisation methods.

The RE Asia Conference brings together academics, researchers, professional engineers, government policy makers, and business professionals from the domains of Renewable Energy Integration, Offshore Renewable Energy; Micro-grids, Smart Grids & Energy Storage; and Grid Interactions of Electromobility.

The second Asian Conference on Energy, Power and Transportation Electrification (ACEPT) will cooperate with the Institute of Electrical and Electronics (IEEE) to bring together the world leading experts to present emerging topics on energy, power, and transportation electrification.For more information, please visit http://acept.asia.

All this and more is found on the Asia Clean Energy Summit 2017 website, so click here to read more and register.

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