Connect with us

Environment

Thailand, Asia-Pacific nations to lead new solar markets

Asia-Pacific and Central Asian nations will install more than 3,000 megawatts of photovoltaic power by 2017, up from 723 megawatts last year, according to a projection by NPD SolarBuzz, a New York-based market research firm.

Avatar

Published

on

Asia-Pacific nations used to be the places where solar panels made by American companies such as First Solar and SunPower were assembled, but not sold. Now, however, those countries are also becoming serious markets for the panels in their own right.

Asia-Pacific and Central Asian nations will install more than 3,000 megawatts of photovoltaic power by 2017, up from 723 megawatts last year, according to a projection by NPD SolarBuzz, a New York-based market research firm. That’s an annual growth rate of 28%, and the region will comprise 5% of global demand in 2017, up from 2% today.

solarlopburi

Solar Panels in Lopburi. Picture : http://www.flickr.com/photos/asiandevelopmentbank

 

via Thailand, Indonesia, and Malaysia are the hot new emerging solar markets – Quartz.

Developing countries will need about $531 billion of additional investments in clean energy technologies every year in order to limit global temperature rise to 2° C above pre-industrial levels, thus preventing climate change’s worst impacts. To attract investments on the scale required, developing country governments, with support from developed countries, must undertake “readiness” activities that will encourage public and private sector investors to put their money into climate-friendly projects.

WRI’s six-part blog series, Mobilizing Clean Energy Finance, highlights individual developing countries’ experiences in scaling up investments in clean energy and explores the role climate finance plays in addressing investment barriers. The cases draw on WRI’s recent report, Mobilizing Climate Investment.

The development of Thailand’s energy efficiency sector is an interesting case study. It demonstrates how strong government leadership combined with strategic support from international climate finance can drive the transition toward an energy-efficient economy.

Comments

Environment

Thailand to put world’s largest floating solar farm into use this June

The facility, which generates power on a water surface of 72 hectares, was originally scheduled for operation in December last year, but the launch was postponed due to the COVID-19 pandemic.

Avatar

Published

on

Bangkok (VNA) – State-run Electricity Generating Authority of Thailand (Egat) expects to operate a 45-megawatt floating solar farm it claims to be the largest in the world this June.

(more…)
Continue Reading

Environment

Real estate Sustainable development spurred by COVID-19 pandemic

There is an increasing awareness of the environmental impact of real estate: the World Green Building Council suggests that buildings are responsible for upwards of 40% of the world’s greenhouse gas emissions.

Daniel Lorenzzo

Published

on

Since the onset of the COVID-19 pandemic, the real estate sector worldwide is stepping up its response to climate change and sustainable development.

(more…)
Continue Reading

Environment

Thailand accepts World Bank’s climate change grant

Thailand has approved an acceptance draft for a 5 million dollar grant from the World Bank, to fund projects reducing the emission of environmentally harmful HFC gas.

National News Bureau of Thailand

Published

on

BANGKOK (NNT) – In addition to several projects and agreements approved in the Cabinet meeting yesterday, the government has agreed to accept a 5 million dollar U.S. grant from the World Bank to reduce emissions of hydrofluorocarbon gas (HFC), which is one of the greenhouse gases affecting the globe’s ozone layer.

(more…)
Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,634 other subscribers

Trending