Cost plan for wind and solar complementary base stations in ASEAN

Is there potential for land-based solar PV development in ASEAN member states?

The results of this analysis show there is abundant potential for utility-scale, land-based wind and solar PV development in the ASEAN member states at a range of generation costs.

How much does solar energy cost in ASEAN?

The estimated LCOE for solar PV generation ranged from S99 to $200 USD/MWh, and the LCOE for wind generation was approximately $150 USD/MWh in 2018 in ASEAN member states (ACE 2019). Barriers based on the wind and solar PV resource data and techno-economic assumptions used in this analysis.

What is the purpose of the ASEAN solar energy analysis?

The analysis is intended to help policymakers, planners, private developers, and other actors in the ASEAN member states assess the cost of renewable-energy-based, utility-scale, land-based wind and solar PV opportunities and to:

How much LCOE is available for solar PV & wind?

Figure 2. Cumulative solar PV and wind opportunities (capacity in GW) potentially available at an LCOE of less than $150 USD/MWh in the ASEAN member states. Box 1. Renewable Energy Data Explorer

What will ASEAN's Energy Future look like in 2022?

To meet this rising demand, ASEAN’s installed power capacity, which was 315 GW in 2022, is projected to grow significantly, reaching 1,115 GW by 2050 . This expansion will be fuelled by investments in renewable energy (RE), particularly solar and wind, as ASEAN strives to balance energy security with sustainability goals.

Is solar the cheapest energy source in ASEAN?

Wind, solar and batteries offer a promising way forward, as seen in other countries. Moreover, a levelized cost of electricity (LCOE) and auction prices confirm that solar is amongst the cheapest energy sources for electricity generation. Between 2022 and 2023, ASEAN electricity demand grew by 45 TWh that was entirely met by fossil fuels.