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PÖYRY POINT OF VIEW REPORT / 8 Dec 2016

How competitive is solar PV in South-East Asia?

Renewable energy in Southeast Asia has seen a significant development in recent years, with capacity growing at record levels.

Governments have encouraged the technology through subsidies such as feed-in tariff schemes, which have often been significantly above wholesale prices to compensate for higher cost of renewable investment.

However, the solar PV industry is reaching a watershed moment where costs are decreasing towards the point that the levelised cost will be equal to or below the wholesale or retail price.

Using Pöyry’s state-of-the-art electricity market model BID3, a detailed analysis has been conducted to assess when solar will reach wholesale grid parity. The geographical scope of the analysis includes Indonesia, Malaysia, Vietnam, the Philippines and Thailand.

Download the report

Contact information

Matthew Heling
Head of Energy Consulting, Asia-Pacific