InfoLink projects that PV demand in Southeast Asia will reach 4.5-7.4 GW in 2024, with long-term demand likely growing to 9.7-12.9 GW, suggesting that the Southeast Asian PV market will maintain steady growth in the coming years, becoming a key player in the global energy transition.
In other words, within the next decade, grid parity of solar PV systems in China is forecasted to be achieved. This provides policymakers with the information to better plan the best time that cancels the subsidies and allows the market to determine the competitiveness of PV.
Despite the promising outlook, the Southeast Asian PV market faces several challenges. The first major obstacle is the insufficient grid capacity to integrate more solar power. Many countries are working to improve their infrastructure to support the increased feed-in of solar-generated electricity.
The five major PV markets—Vietnam, Thailand, Malaysia, the Philippines, and Singapore—are set to boost Southeast Asia into a major PV market with strong policy push. Vietnam approved the long-discussed Direct Power Purchase Agreement (DPPA) on July 3, 2024, allowing electricity buyers to procure green energy via national or private grids.
Our photovoltaic container solutions including 20ft/40ft containers, custom mobile containers, commercial and industrial energy storage systems are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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