Are there support mechanisms for solar PV development in ASEAN countries?

ASEAN countries are expected to have substantial growth in solar PV deployment. The PV market in the ASEAN region has not evolved into a solid, self-sustaining PV market. Hence there is a necessity for policies and support mechanisms in ASEAN countries. Fig. 1. Different types of support mechanisms for solar PV development. 3.1.

How much solar power does ASEAN have?

Based on the IRENA report, the cumulative installed solar capacity is 22.85 GW . However, this growth is uneven among ASEAN member countries. Between 2011 and 2014, the majority of solar capacity is accounted from Thailand, Malaysia, and Indonesia.

Where is solar power available in ASEAN?

The current key markets for solar power are Vietnam, Malaysia, Thailand, the Philippines, and Indonesia, which also account for more than 87% of ASEAN’s population. The solar M&A scene is most active in Thailand and Vietnam – the countries with the highest installed capacities in the ASEAN region.

What is the lowest cost of electricity in ASEAN?

Across ASEAN, solar and wind energy now offer some of the lowest Levelised Costs of Electricity (LCOE). For solar PV, LCOEs range from US$64 to US$246/MWh, with Vietnam achieving some of the lowest costs in the region. Wind power likewise presents significant potential.

Can ASEAN achieve 23% of energy from renewables in 6 years?

To realize the regional goal of generating 23% of energy from renewables within six years, quality data and analyses are needed to support investment decisions made by member states of the Association of Southeast Asian Nations (ASEAN).

How effective is solar auction in ASEAN?

Auction of large-scale solar plants has proven to be effective in the ASEAN context. Till 2016, there were no commercial-scale solar PV installations in Cambodia.