Singapore

Only one month left before WNE 2018.

This is after its acquisition by Global Infrastructure Partners.

Widely known to have vast solar potential, Southeast Asian countries have used a variety of methods to drive solar deployment in the last several years. However, the timing and efficacy of each country’s initiatives have varied considerably, leading to vastly different levels of historical solar growth. Thailand, for example, implemented pioneering programs years ago, generating a considerable number of solar projects, but currently provides very little support for new solar. Vietnam and Malaysia, on the other hand, have just recently ramped up their solar efforts, but are doing so with what appears to be considerable success.

It will stop investing in nuclear projects in conflict with international standards.

Last year, while presenting Singapore’s budget for 2017, the Singapore Finance Minister announced that Singapore will impose a tax on greenhouse gas emissions starting from 2019. At the time, the government announced that the tax would lie in the range of S$ 10 – 20 per tonne of carbon dioxide equivalent emissions.

40 of 56 reactors under construction globally are in the region.

Will utilising it prove to be boon or bane?

It wants to achieve double-digit ROE in five years and renewables business growth amongst others.

The launch comes prior to Singapore's full retail electricity market liberalisation.

Renewables capacity expansion in China and India will serve as strong tailwinds.

Utility-scale solar PV continues to grow at a breakneck pace, driven by continually falling prices, including 19.7 USD/MWh in the recent Mexico auction and 17.9 USD/MWh in the recent Saudi Arabia auction – price levels that were nearly inconceivable even just a few years ago.

It now holds a capacity of 11,135MW in the Asia Pacific region.

Storage is useful but not essential, expert said.

This is despite challenges arising from wider renewables use.

The privatisation trend, in particular, holds promise in the near to mid-term horizon, says KPMG partner.

I decided to stop my recipes on PV projects this month. We all seem to enjoy seeing more and more of programmes about cooking on TV, but we should also have some change to it. I would like to go back to a topic that I have addressed in one of my earlier articles: PV rooftops. Utilities are particularly worried with the rooftops and specially when no subsidies are involved as it is the case right now in most countries. Utilities fear the canibalization of their revenues and in particular for most of the Asian countries (and not only in Asia) that the slice of the paying consumers better-off will be the ones interested in installing PV rooftops due to expensive electricity bills. This happens mostly due to cross subsidies and without actually removing them, the problem is not on PV rooftops, but on the structure of subsidies.