A patchwork of opportunity
ASEAN policy overview: The majority of PV investment in Asia has gone to countries outside of Southeast Asia, largely due to limitations regarding climate and renewable policy. Southeast Asia has a huge gap between potential (in terms of geographical position and climate) and short-sighted policy outlook. However, the potential for the market is vast, and changes are leading many ASEAN economies in the right direction.
With a number of archipelago nations, plentiful sunlight, and growing economies, the markets of Southeast Asia appear a good fit for solar. Established in 1967 by Indonesia, Malaysia, Philippines, Singapore and Thailand, the Association of Southeast Asian Nations (ASEAN) shares the common target of its member states to achieve 30% of installed renewable energy capacity …
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