Vietnam

While near neighbours, the electricity generation of the countries of Southeast Asia couldn’t be further apart. Indonesia burns locally mined coal, Malaysia has reserves of oil and gas, while populous Singapore, Vietnam, and the Philippines, depend on fossil fuel imports. They could all benefit from increased solar imports, but higher grid capacities and interconnection are key for an opportunity to unlock the power of the sun.

The Vietnamese government has been working on a scheme to allow bilateral power purchase agreements (PPAs) since 2020. The start of the pilot scheme has been delayed and is now expected for the first quarter of 2023. The official program would launch in 2025.

Indonesia will have to get to work installing more than 24 GW of solar this year – and every year – if the region is to achieve the 2.1 TW to 2.4 TW of photovoltaics the International Renewable Energy Agency has estimated it will require to achieve a net zero carbon energy system by 2050.

The Vietnamese government is reportedly concerned about legal action from solar investors if its new power development plan does not prove ambitious enough.

After a decade of under-delivering on its potential, there are changes afoot in Southeast Asia’s renewable energy development, says Assaad W. Razzouk, the CEO of Singapore-based developer Gurin Energy. Razzouk points to success stories in the region and notes that political will and clear regulations for developers are needed.

The 600 kW array was built by Sungrow with 540 W solar panels and its own floating structures.

The inverter and battery manufacturer said it has been sitting on a record order backlog for the current three month window and the opening quarter of the new year, which may in part be down to a long Covid shutdown at its Vietnamese production base.

The French energy group has invested an undisclosed sum in Vietnam’s SkyX Energy. The goal is to install 200 MWp of C&I PV rooftop capacity in the country.

Vietnamese manufacturer Irex has announced a new glass-glass solar panel with a power output of 265 W and a power conversion efficiency of 18.1%.

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.