Southeast Asia is still an emerging PV market, but its cumulative PV installed capacity is expected to reach 126GW, which will nearly triple to 35 in 20248gw。Large-scale PV projects will dominate in the next 5 years. As the economics of PV projects become more and more concerned, distributed PV will also develop. Woodmac expects small-scale solar to account for 32 percent of the new capacity additions by 2024.
Vietnam's two solar segments – ground-mounted PV and floating solar capacity – will remain at the new FIT price at 70 per MWh9 dollars and 76$9, which will help attract investors, as auctions have significantly depressed most alternative solar markets**.
According to a recent report released by energy consulting firm Wood Mackenzie, Vietnam is leading the Southeast Asian photovoltaic market, and the cumulative installed capacity of photovoltaic has ranked first in the region. Data shows that in 2019, the cumulative installed capacity of PV in Southeast Asia will increase to 126GW, of which Vietnam has a cumulative installed capacity of 55GW, accounting for 44% of the regional total. Vietnam** has also pledged that by 2030, photovoltaics will account for 20% of the country's renewable energy generation. Vietnam's PV projects also enjoy welfare policies such as corporate income tax, equipment import duties, and land use.
Malaysia expects to achieve 20% of its renewable energy generation target by 2025. One of the main factors supporting the development of this goal is the well-established domestic policy framework, which offers significant development opportunities. Malaysia, like many European countries, has an orderly auction mechanism and supports distributed solar through a net metering scheme. The development potential of household photovoltaic mounting systems is huge.
Malaysia's third 500MW solar auction was announced earlier this year. The auction generated unprecedented interest in the industry, with a total of 6,691MW of project capacity being tendered. We expect Malaysia's cumulative installed PV capacity to reach 1,139MW in 2019, compared to 736MW last year. Rishab Shrestha, research consultant at Woodmac PV, added.
Singapore is well on its way to meeting its 2020 target, and distributed solar energy is on the rise. Singapore is expected to meet its national development target of 350MW by 2020. The country installed 567MW, surpassing the full year of 2018 by 551MW of new PV installed capacity.
"The capacity installation of 98 is a non-residential project, particularly procured through private businesses," Shrestha said. Simplifying the installation process has effectively improved the installation rate of photovoltaics. With commercial and industrial electricity prices as high as US$155 MWh across Southeast Asia, the economics of distributed PV are significant. ”
Product solutions.
Fixed adjustable PV brackets account for a relatively small proportion of the system cost, and were once regarded as the least technical product in the PV system. After years of development, modules and inverters** have dropped sharply, while fixed brackets** have "risen steadily". In the current situation of approaching grid parity and fierce competition in bidding projects, the product selection of fixed brackets is more important. At the same time, the floating bracket system and the tracking bracket system have also begun to be popular in the market.