Singapore could sit at the “core” of new regional electricity grids in Southeast Asia, with proposed interconnections to neighbouring countries set to bring 25GW of new renewable power and energy storage projects online. This is according to Rystad Energy, which published a report into Singapore’s role in the Southeast Asian energy mix this week.
Thailand ranks among Southeast Asia’s solar capacity leaders, second only to Vietnam. Following US anti-dumping tariffs on Chinese solar panels, Thailand emerged as a manufacturing hub, particularly in the Eastern Economic Corridor, although most production is exported.
For instance, the report notes that Malaysian and Indonesian solar-plus-storage projects have an LCOE ranging from US$74-116/MWh and US$91-144/MWh, for projects that can deliver 100% load factor. This compares to an LCOE of US$135-170/MWh for combined-cycle gas turbine projects, with a 100% load factor, in operation in Singapore.
Nevertheless, ground-mounted solar projects in Myanmar are still being planned. Late last year, China signed a power-purchase agreement with Myanmar’s junta for three solar projects, developed by PowerChina Resources, totalling 90MW. Under the junta, Myanmar’s energy sector remains under strict military control.
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