Moreover, it is forecasted that the Southeast Asia region is going to install another 27 GW of PV capacity between 2021 and 2025 . The development and government support toward PV system installation has been summarized the Table 1 below. Fig. 2. ASEAN market cumulative PV system installation in 2022 . Table 1.
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.
Development and government support toward PV system installation in ASEAN . Vietnam began solar PV installation in 2018 with a capacity of approximately 100 MW. Over the next two years, Vietnam experienced rapid growth in solar PV installation, with the total solar PV energy output reaching around 16.5 GW in 2021.
Fig. 8 summarizes the relative strength in solar power generation from floating PV modules by the end of year 2022. It is evident that, Vietnam is leading the group in terms of solar power generation from the FPVs (16.6 GW), followed by Thailand (∼1.7 GW), Philippines (∼1.3 GW), Singapore (433 MW) and Indonesia (211 MW).
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