While near neighbors, 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; and populous Singapore, Vietnam, and the Philippines depend on fossil fuel imports. They could all benefit from increased solar electricity but higher grid capacities and interconnection are key for an opportunity to unlock the power of the sun.
The Energy Market Authority has already attracted proposals for 1.2 GW of renewable electricity, to be generated in four southeast Asian nations, and wants to raise that figure to 4 GW by 2035.
With pressure mounting on the world’s governments to turn their back on the fossil fuel, China and peers in South East Asia, Europe and South Asia could help deliver a coal-free future at the COP26 climate summit planned in Glasgow in November.
The renewables business is set to acquire the SN Power hydropower operator belonging to Norwegian state-owned private equity business Norfund, with the $1.17 billion deal expected to go through in the first half of the new year. Scatec said the transaction could offer floating solar opportunities.
The Lancang-Mekong River is being decimated by hundreds of tributary and mainstream hydroelectric projects from the Tibetan Plateau in China to Lower Sesan in Cambodia. On the Mekong, the Laos Government has constructed the majority of these projects and it is planning even more. But why does it only focus on hydroelectric power plants (HPP’s)? What about other renewable energy sources? Can Nam Ngum solar replace Mekong hydro?
The Business & Human Rights Resource Centre has published a report looking at the human rights due diligence performance of the renewables industry and examined individual generation methods. The report finds that, while the solar sector is not top of the sad list, its vest also isn’t completely unstained.
Using an application based on resource data and country-specific techno-economic inputs, a report has analyzed the costs of developing utility scale renewables in Southeast Asia and found abundant, cost-competitive potential.
The bank continues its involvement in Thailands largest IPP B.Grimm, which is set to grow its renewable energy portfolio. According to ADB, the green bond proceeds will go to nine operational solar PV plants with a cumulative rating of 67.7 MW, and 30.8 MW that are currently still under construction.
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