Featured in Harvest Potential – 10-2023

The ‘next big thing’

The PV industry in Southeast Asia has come a long way since guest author Ragna Schmidt-Haupt, partner at Everoze, reported on solar financing innovation in the region more than a decade ago. In this article, she outlines five factors for success, the newest of which has the potential to become a game changer, and not only in Southeast Asia.
Floating solar arrays, such as this 60 MW project on Singapore’s Tengeh Reservoir, can be an effective way around the land constraints that are beginning to affect PV in many markets. | Photo: Sempcorp

Over the last decade, Southeast Asia experienced a rapid surge in solar installations that, in some countries inexorably lost momentum due to a lack of grid capacity and uncertainty around tariffs and offtake agreements, notably in Vietnam and Thailand. Other Southeast Asian countries, such as the Philippines, have managed more continuity and have remained reasonably …

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