Investment in renewables in Southeast Asian countries could reach US$119 billion by 2027 driven by wind, solar and geothermal projects, according to energy research Rystad Energy.
President Joe Biden has vetoed the proposal by the Senate and the House of Representatives to revoke his two-year waiver on Southeast Asian solar PV imports.
The US Senate has passed a vote to repeal Joe Biden’s two-year waiver on solar import tariffs, a decision which the Solar Energy Industries Association (SEIA) has previously said could result in US$1 billion in retroactive tariffs for the industry and 4GW of project cancellations.
The Global Energy Alliance for People and Planet (GEAPP) has announced a plan to establish the GEAPP Energy Access and Transition Trust Fund, offering US$35 million to accelerate the clean energy transition and access in five Asian countries.
PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.
Floating PV (FPV) developer Sungrow FPV will supply floating systems to a 192MW project in Indonesia, which it has said will be the largest floating installation in the country.
Government policies have hampered the development of the solar industry in the US, but the situation improved in the second half of 2022 thanks to a reversed decision, according to a BloombergNEF study.
Trina Solar US has announced that its 6.5GW PV wafer manufacturing facility in Vietnam specifically designated to supply the US market will be online in mid-2023.
The US Department of Commerce (DOC) has clarified its position on the anti-circumvention solar investigation, saying it would allow the import of modules manufactured in third countries using Southeast Asian-made cells.
