Corporate power purchase agreements are the second most adopted purchasing method in the world, and they’re growing fast. With the U.S. and Europe picking up the pace in the last year, the Asia Pacific is not going to be left behind, with Wood Mackenzie estimating corporate PPAs in the region doubled in the last year.
PH Renewables, Inc. (PHRI), a subsidiary of Global Business Power Corporation (GBP), which is itself part of the Philippines power utility Manila Electric Company (Meralco), has begun construction on a 115 MW solar park in Rizal, Luzon.
PV markets in Southeast Asia have picked up over the past two years, driven by the astounding growth of Vietnam. Regional policies, combined with growing demand for renewable power in the manufacturing industry, will result in 27 GW of new PV installations across the region over the next five years, writes IHS Markit analyst Dharmendra Kumar. PV installations in these countries are driven by attractive feed-in tariffs, net energy metering, tariff-based auction mechanisms, and other incentives.
A 63 MWp solar project has been completed in the Philippines by Modern Energy Management (MEM) for AC Energy. The Gigasol project is part of the latter’s plan to roll out 5 GW of renewable energy capacity by 2025.
Minh K Le, senior renewables analyst at Rystad Energy, examines five key trends to watch in Southeast Asia utility-scale solar, as mega-scale projects ramp up, Indonesia emerges, and Vietnam steps back.
Australian technology company Star Scientific has signed a Memorandum of Understanding with the Philippines’ Department of Energy in order to trace out the use of its game-changing HERO technology. The partnership could see Star Scientific transform every coal-fired power plant in the nation to green hydrogen while also utilising the technology to, among other things, provide clean, quick, desalinated water.
Spanish tracker giant STI Norland has expanded to Australia with a new subsidiary office in Melbourne. The company is arriving on our shores with a keenness to compete with tracker suppliers who already have their foot in the door. With no solar farm too big or too small, STI Norland Australia CEO Alan Atchison sat down with pv magazine Australia to talk about how the company plans to make tracks Down Under.
Southeast Asia, when taken as a whole, is a global laggard in the uptake of renewable energy, but some countries are leading the way, such as Vietnam, the Philippines, and Myanmar. And as ‘Angry Clean Energy Guy’ Assaad W. Razzouk argues, policymakers in the region cannot hold back the tide of solar and wind for much longer.
The country’s National Irrigation Administration will bet on floating PV and solar-powered irrigation to improve water and energy supply. The Pantabangan and Casecnan dams, in the province of Nueva Ecija in the Central Luzon region, have been identified as ideal locations for floating solar.
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