Major capacity additions in Asia’s non-hydropower renewables sector will facilitate the region's ability to supply electricity amid rising power consumption needs, which look set to outpace all other regions as economies continue to expand after the easing of COVID-19 restrictions, according to a Fitch Solutions’ report.
acity must reach 5.2TW by the end of the decade in order to meet the 1.5°C Paris climate goal, according the International Renewable Energy Agency (IRENA) latest World Energy Transition Outlook.
Renewable integration, sufficient energy storage and market uncertainty are three of the top five challenges facing Asia’s power sector today, according to Black & Veatch’s Asia Electric report that also overwhelmingly named hydrogen as a key decarbonisation method beyond the next decade
Construction risks may have escalated post-COVID and challenges around power purchase agreements (PPAs) remain, however banks in Asia remain committed to lending to solar projects.
Asia boasts a growing number of markets with solar development pipelines in excess of 1GW, a new report by Fitch has found, with the region dominating the consultancy’s project database analysis this year.
Rooftop solar installations skyrocketed in Vietnam last year prior to a hard installation deadline for feed-in tariffs, with more than 9GWp of rooftop solar installed in the country.
Despite its generation characteristics, floating solar has yet to truly fulfil its undoubted potential. Jules Scully explores why the technology continues to face hurdles, and what the industry is doing to surpass them.
