Solar turns tide against fossil fuels in Southeast Asia
Oct, 2013 - solarbusinessfocus.com
Led by Thailand, Southeast Asia has become a key solar region. With regulation improving and the cost of financing decreasing, Edward Douglas says solar power will continue to grow and become a significant energy provider over the coming decade
The improving investment climate for solar PV in Southeast Asia is making competitive financing more readily available to project developers, helping to spur a new phase of growth.
The combination of an excellent solar resource (specific yields of 1500-1700 kWh/kWp) and steep declines in system costs has made solar PV a genuine option for an increasing proportion of power supply situations by offering power during peak periods that is clean, quiet and secure at a competitive fixed cost for the next 25 years. This is in stark contrast to coal, oil and gas based supplies, which carry increasing security, environmental and pricing risks over the long term. The result is high current and projected growth rates across the region.
However, the sector is not growing as quickly as the fundamentals may suggest and the many advocates believe it can and should. The reasons most commonly cited for this are: solar PV is still expensive; technical issues associated with grid management; and problems associated with policy and regulatory rules.- See more at: http://www.solarbusinessfocus.com/articles/solar-turns-tide-against-fossil-fuels-in-southeast-asia?utm_source=PV-Tech&utm_campaign=c1a8553598-24_September_20139_24_2013&utm_medium=email&utm_term=0_4ee2b8d807-c1a8553598-690805#sthash.bEN4pOd5.dpuf