3rd Annual ASEAN Solar+ Energy Storage Congress & Expo has made its name as the largest congress focusing on solar and energy storage market in ASEAN region. Officially endorsed by Philippine Department of Energy (DoE) and Philippine Energy Regulatory Commission (ERC), the event will take place on November 14-15, 2018, in Manila, Capital of the Philippines. Around 1000+ industrial stakeholders, ranging from regulators, investors, developers, EPCs, manufactures, and associated third-party providers across the globe, are estimated to join the premier platform, discussing and brainstorming the future path of green economy development in the Southeast Asia market.
Host country overview
As we see the overall trend of global solar industry is moving toward ‘solar + storage’ and ‘Micro-grid’, it is of great importance for developers and investors to establish a sustainable and viable business model in SEA as soon as possible, so as to prepare for future energy transition. The Philippine market has a natural advantage of developing distributed solar and storage plants due to its massive amount of islands. Meanwhile, the freedom of trading electricity in the market also provides ideal soil for practicing micro-grid businesses. Thanks to the previous FIT policies which attracted a wave of foreign investment into the country, local solar players are nurtured in terms of development experiences accumulation, international mindset fostering. With all the reasons combined, the Philippine market is sure the golden boy in the region.
Key markets under spotlight
Thailand: Thai Market shares similar pros and cons with the Philippine market, but with more stability in the political environment and more dynamics in economic development. As predicated by experts, Thailand will lead the solar + storage development in the following two years.
Malaysia & Vietnam: Big policy incentives in Malaysia and Vietnam currently make the two counties a main focus of all the solar developers in the world. However, despite the opportunities and potentials, both the markets are not yet mature to develop storage projects at scale.
- Regional progress report in renewable energy development in Asia
- Distributed solar paired with storage systems and its ASEAN business models
- Tapping the micro-grid potential in ASEAN
- Project Financing: the ultimate road blocker