Vietnamese government maintains support for utility PV development

March 2019

Vietnamese government maintains support for utility PV development


South East Asia RenewableCube
On Thursday the 21st of February Rystad Energy announced the launch of its South East Asia RenewableCube. The coverage includes more than 1,000 utility scale solar and wind assets across Vietnam, Malaysia, Philippines, and Indonesia. See press release 

Rystad Energy Renewables Information Session
On Friday the 22nd of February, Rystad Energy hosted a Renewables Information event in Barangaroo, which included presentations on the Australian and Southeast Asian markets, a panel discussion reviewing 2018, and a look ahead for 2019, followed by drinks and networking. The panel discussion included representatives from Signal Energy, Westpac, Phillip Riley, Terrain Solar and Array Tech Inc (see pictures below). Rystad Energy would like to thank all those who attended the event and participated in the panel discussion.


Article: Financial close in H1 2019 is critical for 2020 performance

Article: Rystad Energy expands its coverage of the renewables market


RenewableCube: Up to date, detailed, and comprehensive database of solar, wind and storage assets in Australia, India and SE Asia

•  Renewable product updatesIn February 2019, 37 Australian assets operated by 26 companies were added to the RenewableCube, accounting for 4.4 GW of capacity. Of the 37 new projects, 19 are solar, 7 are wind and 11 are storage. Data for a further 79 projects, covering 11.3 GW, was updated. 


Renewable Newsletter Subscription: If you are not yet a subscriber to this email or if you would like to receive one of our other industry newsletters, 
please fill out the  Newsletter Subscription Form

February saw the timely release of Rystad Energy’s RenewableCube for South East Asia as well as proposed Feed-in-Tariff policy to support utility PV  beyond June 2019 in Vietnam. 

Proposed update to the utility PV Feed-in-Tariff policy released by the Vietnamese Government

The Vietnam Ministry of Trade and Industry (MoIT) has released a draft proposal for an update to the Feed-in-Tariff (FiT) scheme, due to end in mid-2019. FiT’s will vary by region (four regions in total). Regions with lower solar irradiance and less utility-scale PV development will receive a higher tariff than those in the higher irradiance zones. This is to encourage investment in the north of the country, which has significantly fewer projects under construction than the south.



Malaysia Energy Commission announces the third Large-Scale Solar (LSS) Auction

Malaysia Energy Commission officially announced the third Large-Scale Solar auction in Malaysia at the end of February. Compared to the previous two LSSs, Peninsular Malaysia will now be the only location for proposed development, with Tenaga Nasional Berhad being the sole utility offtaker. While projects still need to be 51% locally owned, the maximum quota per development is now raised from 30 MW to 100 MW.

NSW Labor Party announces its renewables policy ahead of state election in March

The NSW Labor Party announced it will install 7 GW of renewable energy in 10 years and 4 GW within its first four-year term, if elected on the 23rd of March. NSW was the state with the most PV & Wind installations in 2018, and also had the greatest amount of project additions to Rystad Energy's RenewableCube in 2018 (15.7 GW). The state already has more than enough project capacity in the pipeline to fulfill the NSW Labor government’s promise; however such a policy would attract even more developers and competition to the state.

Senvion becomes second-largest wind developer in SA

With the addition of the 630 MW Yorke Peninsula Wind Farm (also known as the Ceres Wind Project), Senvion Australia Pty Ltd has emerged as South Australia's second-largest wind developer, beating Infigen Energy/ENGIE Australia & New Zealand, Neoen and AGL Energy. According to Rystad Energy's RenewableCube, South Australia has 1.8 GW of operational wind assets and around 2.8 GW of wind assets in the development pipeline (concept stage through construction).