Don´t miss the PV boom in the Far East & Australia

09.08.2018 Category: News

PV development is booming in the Far East and Australia. Suntrace is supporting several projects in Vietnam, Mongolia, Indonesia, Australia and Bangladesh. There are project opportunities in each of these countries providing outstanding margins.

Vietnam since 2017

In 2015, the installed renewable energy capacity of Vietnam was approximately 2 GW. The Government has set targets to improve the contribution of renewable energy including a 12,000 MW solar production target to be met in 2030. Current large-scale projects under construction include 2 solar PV plants with a total capacity of 350 MW in Tây Ninh province and a 168 MW PV plant in Ninh Thuan province. To aid in the further development of solar power in Vietnam, Suntrace has installed and is operating HelioScale stations at 5 sites throughout Vietnam as part of a World Bank ESMAP funded Solar Measurement Campaign. The aim of the project is to provide 2 years of bankable solar data which will be used for future solar project development in the country. Moreover, Suntrace was appointed by developers and investors as Owner's Engineer to perform reviews of local feasibility studies, technical due-diligence, techno-economic optimisation, support in tendering process, EPC and O&M selection and construction supervision. We have conducted several site visits in co-operation with our local partners throughout Vietnam. Suntrace also provides techno-economic optimisation and tendering support to reduce the EPC cost of solar projects by up to five percent based on our case study.

Read more in giz presentation.

Mongolia since 2013

Mongolia has an estimated solar power potential of 1.5 TW. Currently, off-grid applications of solar power are most dominant such as solar home systems and isolated mini-grids for villages. In 2013 Suntrace has provided a HelioScale phi station through giz in Mongolia. The services included the supply of the station, the installation and the commissioning and operation. The task of Suntrace was also to conduct a pre-feasibility study for a solar plant including training and maintenance visit after one year. Today, the current total estimated solar PV capacity is 6 MW. This includes 7 off-grid mini-grids for villages with an aggregated capacity of 1 MW and 2 grid-connected installations with an aggregated capacity of 500 kW. Solar Home Systems subsidized partially by the World Bank make up approximately 5 MW of solar power produced in the country. Experts estimate that a further 450-500 MW of solar PV energy could be added to Mongolia’s energy mix if investment uncertainties can be eliminated. Suntrace can provide investors with reliable solar data through its solar measurement campaigns which can help to reduce this uncertainty to improve the bankability.

Read more in IRENA Report.

Indonesia since 2013

Indonesia had approximately 42 MW of installed solar capacity at the end of 2012 with 10 MW of grid-connected solar power. In 2016, the government plans to develop over 700 MW of solar energy were made to help reach the 2025 target of 6.4 GW of solar PV installations. With an average annual solar resource of 1800 kWh/m2, solar PV has the highest resource potential within the renewable energy sectors in Indonesia. To help identify solar resource potential in Indonesia, Suntrace, on behalf of TSK Flagsol, installed a solar measurement station to provide accurate and reliable solar resource data.

Read more in IRENA Report.

Australia since 2017

Australia has a rapidly growing solar market with over 7800 MW of installed capacity from approximately 1.84 million PV installations. The market is expected to grow to 5 million installations by 2030 with more than 16 GW of expected additional solar energy. The rapid growth is mainly due to an increase in demand for residential and commercial installations. 

In Australia, Suntrace is active in the area of meteorological services. Suntrace has provided the client with reliable solar data to successfully plan and implement the solar project.

Read more at Australian PV Institute website.

Bangladesh since 2017

The total renewable energy produced in Bangladesh in 2015 was 411 MW with solar power contributing to 172 MW of the total. Most of the installed solar capacity in Bangladesh is a result of solar home systems (SHS) with over 3 million SHS installations in the country. Plans for grid connected utility-scale PV plants with a capacity greater than 1 MW are being considered to further develop the solar capacity. Furthermore, the Government of Bangladesh has set a target of 1740 MW additional solar power by 2021. To assist the Government of Bangladesh in meeting its renewable energy installation targets, Suntrace is lending its expertise in renewable energy assessment and mapping. As part of the project, regular HelioScale omega solar and wind-LiDAR measurement data will be provided to support the subsequent installation of 170 MW of renewable energy.

Read more in the report of British Photovoltaic Association.