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.
Developed by a Vietnamese-Korean research group, the complex PV device was built with a bottom bifacial crystalline silicon perovskite-filtered heterojunction sub-cell that is able to absorb all solar spectra in the short-wavelength range.
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.
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.
The developer said it installed and commissioned seven solar rooftops in just three months despite Covid-19 travel restrictions.
The latest in Cleantech Solar’s 500+ MW portfolio of solar projects rolling out on manufacturing-facility rooftops across Asia is a major Indonesian tyre producer set to green the supply chain for future vehicles.
The development process for ground-mounted utility scale solar projects in Vietnam is laborious, time-consuming, expensive and still largely difficult to navigate for foreign developers without entering a strategic partnership, in whatever form, with a local Vietnamese counterpart.
A new Wood Mackenzie report has forecasted a massive swing in the levelised cost of electricity across the Asia-Pacific over the course o the next decade. Before 2030, renewables will be cheaper than new coal and gas almost everywhere, and significantly cheaper in Australia.
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