Floating PV making a splash in Southeast Asia
 

October 2019

Floating PV making a splash in Southeast Asia

ALL-ENERGY AUSTRALIA,
23-24 OCTOBER 2019

Gero Farruggio, Head of Renewables, Rystad Energy will give a speech on "Navigating the large-scale solar transition" on Thursday, 24 October during the All-Energy Australia conference.

Learn more and register

RYSTAD ENERGY PRESS RELEASES 

Article: Floating PV is flooding South East Asia’s power mix 


RYSTAD ENERGY PRODUCT HIGHLIGHTS 

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

Renewable product updatesIn September 2019, 14 Australian assets developed by 6 companies were added to the RenewableCube, accounting for 4079 MW of capacity. Of the 14 new projects, 6 are solar, 5 are storage and 3 wind. Data for a further 173 projects, representing 44,307 MW, was updated.   


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Vietnam poised to become regional leader of floating PV

Floating photovoltaic (PV) making a splash in South East Asia, where gigawatts (GWac) worth of utility-scale solar power are expected to be installed in the near future. Development pipelines in Thailand and Vietnam include 2.75 GWac and 5.4 GWac of large-scale floating PV, respectively. Smaller utility-scale floating PV developments have also been proposed in Indonesia, Singapore and Myanmar. Rystad Energy expects large-scale floating PV developments to blossom in Southeast Asia over the next five to 15 years as countries in the region look to substantially increase the share of renewable energy in the power mix. Floating PV also offers an attractive alternative for large and mega-scale utility solar development, allowing beneficiaries to take advantage of underutilized dams and reservoirs.

Neoen becomes third-largest Renewables developer in Australia with Goyder South announcement

Earlier in September Neoen announced the newest project in their pipeline, the mammoth Goyder South facility. The facility will consist of up to 1200 MW of wind, 600 MW of PV and 900 MW of lithium-ion battery storage. [LD1] Neoen is now Australia’s largest developer of lithium-ion batteries and the largest solar developer in terms of committed capacity in Australia. It also has the third largest development pipeline of renewable energy projects in Australia, positioning the company for a dominant role in the Australian renewable space in the coming years.

Cambodian auction achieves lowest FiT in South East Asia

Cambodia’s first solar auction made headlines recently, when Prime Road Power bid the lowest solar tariff in South East Asia – just 38.77 USD/MWh. The 60 megawatt (MW) project, which will be financially backed by the Asian Development Bank, will be developed as a part of the 100 MW National Solar Park, Cambodia’s second and largest solar PV project.

Proposed projects continue to be announced in 2019 despite headwinds

Rystad Energy tracks utility-scale renewable projects at an asset level, including when they are added to our database. In 2018, 27.6 GWac of utility-scale capacity was added to the RenewableCube, a record year for Australia. However in 2019, 32.8 GWac has been added to the RenewableCube as of the end of September. In 2018, the capacity was mainly located in New South Wales (53%) and solar PV made up the majority of capacity (55%). Projects have been more evenly distributed across the eastern states in 2019. However, solar PV still dominates additions, most notably due to the 10 GW Sun Cable project in the Northern Territory.