Thailand has so far been the leader in developing solar power in Southeast Asia, with one of the government officials saying its installed capacity reached about 2 GW in August, beating the target of 1.7 GW for this year.
“We have already exceeded our target for this year, especially in solar and waste power, given attractive FIT (feed in tariff) rates,” Viraphol Jirapraditkul, director of the Energy Regulatory Commission told Reuters.
“We have discussed about the possibility of raising the target for renewables and the energy ministry’s planning office will need to propose the numbers.”
Malaysia has planned to add 1 GW of solar power capacity by the year 2020 said Energy, Green Technology and Water Minister Maximus Ongkili, up from 267 MW currently.
The Philippines has met a previous target of 500 MW for solar, but no fresh target has been set as the country’s new government is still reviewing the various energy sources.
Some analysts cautioned that Indonesia and Vietnam’s solar targets were ambitious and could be difficult to achieve.
Despite the growth of solar power in the region, coal is likely to remain a major source of energy as fast-growing demand means that Southeast Asia needs to double its power generation capacity in the next decade, government and industry officials said.
Read the full Reuters article here, where it explains the growing solar industry in Indonesia and Vietnam.