Southeast Asia’s solar market continues to attract international and regional interest

Confirming the trend of the past few months, Southeast Asia’s solar sector continues to attract international as well as regional interest. Despite positive initial steps however, the pace of growth remains relatively slow due to issues like policy and legal uncertainty, infrastructure, grid reliability and funding.

Speaking on the subject of policy in Indonesia in the run-up to the Solar Southeast Asia conference (20-21 Nov, Bangkok), Thijs Sablerolle – Founder and Managing Director of Solinvest explained his concerns: “The number one barrier is the lack of a feasible feed-in tariff. The state utility is obliged to purchase power from <10 MW renewable energy plants, but the minimum prices are still too low which makes it a matter of negotiation”.

Commenting on another key topic – financing projects – Thijs added: “Besides complying with local legal requirements (permits & licenses), projects need government-backed PPA’s, high quality panels and inverters with good warranties and certification and a strong EPC contractor. Projects may be bankable with somewhat lower specs for local banks that are more comfortable with local risks”.

To read the rest of the interview and see what the rest of the Solar Southeast Asia speakers had to say about the industry, click here

But it’s not all doom and gloom and the market is undoubtedly growing and projects are getting off the ground. For example in Thailand, Suntech Power Holdings recently announced the connection of Southeast Asia’s largest silicon photovoltaic power plant – the 44 MW Sunny Bangchak project located in Bang Pa-In, Ayutthaya, 40 km outside Bangkok.

And in Java, a 200 MW solar plant was announced by Indonesian firm Basel Investindo and Chinese state company Shanghai Aerospace Automobile Electromechanical (SAAE).

On the funding side, investors like Armstrong Asset Management are leading the way in infrastructure development finance in the region, joined by key multilaterals like the ADB, whose Asian Solar Energy Initiative intends to commission or support installation of 3-GW of solar power capacity in Asia by 2013.

At this year’s Solar Southeast Asia, our senior-level panel of speakers will be on-hand to tackle these and many other pressing issues. You’ll hear first-hand from the region’s key policy makers including Thailand’s Energy Regulatory Commission and the Ministry of Energy as well as Malaysia’s Sustainable Energy Development Authority.

Plus, you’ll have the opportunity to meet key investors looking for projects to fund from companies like Solinvest, Asian Development Bank, Standard Chartered, the IFC, and Armstrong Asset Management, and many more.

To find out who else you’ll meet in Bangkok, click here

 

It’s an exciting period for Southeast Asia’s emergent solar industry; to find out more about what’s really going on and discover how you can take advantage, visit the website: Green Power Conferences

Media Contact
Bryony Abbott
bryony.abbott@greenpowerconference.com
0203 384 6210

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