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  • Renewables

ToR expected soon for 45-MW Thai floating solar tender – report

5 June 2019

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  • Thailand

June 5 (Renewables Now) – The Electricity Generating Authority of Thailand (EGAT) is to release in mid-June the terms of reference (ToR) for a tender that will award a 45-MW solar project at a local hydropower plant (HPP), the Bangkok Post said today.

The Sirindhorn dam in Ubon Ratchathani Province has been selected as the location of the first of many floating solar projects in Thailand, to be built under the Hydro-Floating Solar Hybrid Project. The upcoming tender to award the engineering, procurement and construction (EPC) contract for the 45-MW photovoltaic (PV) plant will be open to international bidders. It seeks the best solar technology for the project, Energy Minister Siri Jirapongphan was cited as saying.

EGAT aims to have the pilot floating solar farm operational by December 2020. It says on its website such hybrid projects ensure a lower cost of green power through the use of the existing transmission system at Thai dams and the abundant space. Combining hydro and solar power also results in reduced intermittency of renewables generation, and at no cost for the community and the environment.

Thailand aims to build solar farms at nine hydroelectric dam reservoirs by 2037.

  • Others

Bloomberg downbeat on Asean EVs

5 June 2019

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  • Thailand
Battery EVs were available for booking at the Thailand Motor Show, but BNEF said personal EVs are not yet affordable in Southeast Asia. (Photo by Wichan Charoenkiatpakul)

Bloomberg New Energy Finance (BNEF) forecasts prices of electric vehicles (EVs) such as cars, motorcycles and commercial vehicles remain unaffordable for individual buyers in Southeast Asia, including Thailand.

Countries in this region are emerging markets, and each should start with adoption of electric two-wheelers, three-wheelers and public transport vehicles, said Justin Wu, head of Asia-Pacific for BNEF.

“EV prices in Southeast Asia are more expensive than in other developed markets like the US, Europe, Australia and China,” Mr Wu said. “China has yet to develop fully, but prices for battery EVs there are very cheap for motorists.”

He said countries in Southeast Asia have sales of roughly 12 million two-wheelers annually, led by Indonesia, Vietnam, Thailand, the Philippines and Malaysia.

For Thailand, BNEF expects two-wheelers to lead the EV market going forward, as electric motorbikes have the most registrations for EVs at the Land Transport Department. As of 2017, the accumulated registrations of all EVs at the department stood at 1,800 units, mainly electric motorbikes, according to figures compiled by BNEF.

“As a result, two trends will develop in Southeast Asia. The first is new operators of EV taxi fleets such as cars and motorcycles, and the second is electric buses for public transport,” said Mr Wu.

He said EVs are worth the price tag in Asean if a vehicle is driven 100 kilometres daily and is used for 10 years.

“But individual buyers often cannot drive EVs such a long distance, so it does not make sense for them to buy such vehicles,” said Mr Wu.

“Once each Asean country can adopt EVs for public transport and spread charging stations across the country, the cost of EVs will drop with the start of local manufacturing.”

He said the government’s EV support policy did not factor in Thailand’s EV forecast.

For the global EV outlook, BNEF projects EVs are on track to take up 57% of the global passenger car sales by 2040, while electric buses are on target to hold 81% of municipal bus sales by the same year.

BNEF said EVs should comprise 56% of light commercial vehicle sales in Europe, the US and China within the next two decades, plus 31% of the medium commercial market.

Heavy trucks will prove the hardest segment to make electric, with sales limited to 19% in 2040. They will mostly be used for shorter distance applications. However, conventional heavy trucks on long-haul routes will also face competition from alternatives using natural gas and hydrogen fuel cells, said Mr Wu.

Shared mobility services such as ride-hailing and car-sharing are set to rise to 19% by 2040, up from less than 5% now.

  • Renewables

Thai investors beam capital into solar power projects in Vietnam

5 June 2019

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  • Vietnam

Hanoi (VNA) – Thai firms are stepping up investment in renewable energy projects in Vietnam, particularly solar power, through merger and acquisition (M&A) deals.

B.Grimm Power Pcl has registered to invest 216.7 million USD in the Hoa Hoi solar power project in the central province of Phu Yen, the fourth largest foreign-invested project in Vietnam so far this year.

Vo Cao Phi, Director of the provincial Department of Planning and Investment, said this will transform the share structure of B.Grimm Power Pcl and Vietnam’s Phu Yen TTP JSC.

Last year, the Thai group spent 32.5 million USD buying up to 80 percent of stake at Phu Yen TTP JSC – the investor of the 257 MW plant in Phu Yen, which is expected to be put into operation in June 2019.

In April 2019, the Export-Import Bank of Thailand (EXIM Thailand) also extended 65 million USD in credit to Eastern Power Group Pcl and Communication & System Solution Pcl to finance the construction of two solar power plants in Phu Yen, with combined generating capacity of 100 MW.

In 2018, Thailand’s Sermsang International Co. Ltd., purchased 80 percent of the Binh Nguyen solar power project in the central province of Quang Ngai at 17.6 million USD.

The same year, Gulf Energy Development Group of tycoon Sarath Ratanavadi tied up with Green Energy Company of Vietnam to develop a 48 MW solar power project worth 66 million USD in Trang Bang district, the southwestern province of Tay Ninh.

Meanwhile, Superblock Pcl, Thailand’s biggest solar energy company, has also invested in some projects in Vietnam, in line with its goal of acquiring some renewable energy companies in Southeast Asia, towards expanding its operation in China, Japan and Australia.

Most of the above-mentioned solar power projects are expected to be completed before June 30 to benefit from the preferential price of solar power at 9.35 US cents/kWh, which will be applied for 20 years as from June 30, 2019.

Between April 23 and May 17, a total of 23 solar power plants were inaugurated in Vietnam, raising the number of solar power plants in the country to 27. The figure is hoped to stand at 88 by June 30.

According to Audistti Stroithong, apart from central and southern regions that are blessed with the high level of radiation and abundant wind energy, Thai businesses are seeking investment opportunities in north-central localities of Vietnam.

Thai enterprises are ready to step into the Vietnamese market to invest in the renewable energy sector, he said.

The Vietnamese Government has issued various incentives in terms of credit, corporate income tax and land lease price, helping to lure waves of both domestic and foreign investors in renewable energy development, including those from Thailand, he said.

Currently, Vietnam has added 121 solar power projects to national and provincial electricity planning schemes. Besides, another 221 projects with total designed capacity exceeding 14,330 MW are waiting for approval.

Experts forecast that the domestic solar power sector will lure about 12 billion USD by 2025 and 42 billion USD by 2035.-VNA

  • Electricity/Power Grid

EVN to complete divestment in 2019

5 June 2019

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  • Vietnam

HÀ NỘI — Việt Nam Electricity (EVN) expects to complete its divestment from both core and non-core businesses this year.

The company recently said it completed capital withdrawal and reduction at two out of its six firms, earning more than VNĐ296 billion (US$12.7 million), which was VNĐ63 billion higher than the book value.

In 2011-15, EVN completed divestment from its non-core businesses, earning VNĐ2.3 trillion and capital surplus of VNĐ127 billion.

It also completed the re-arrangement and restructuring of its subsidiaries toward specialising electricity production, generation and distribution works.

Last year, EVN transformed Power Generation Corporation 3 (GENCO 3) into a joint stock company which then was traded on UpCom with the code of PGV.

The group said it has been rushing to approve the restructuring plan of its nine subsidiaries, separating management and repair services, and rearranging power companies and the National Load Dispatch Centre.

In addition, all of its member and associated companies were eligible to list and trade on the stock market.

It has also gradually innovated administration model following international standards and set up international control systems from the parent company to subsidiaries to prevent risks.

EVN is also building a project to pilot a competitive retail power market, which will be submitted to the Ministry of Industry and Trade for approval in July.

The information and technology infrastructure to serve wholesale power market is expected to be ready in 2020.

EVN and its subsidiaries have provided timely and adequate business information, leading to a BB rating from Fitch Rating, equal to the country’s rating. — VNS

  • Electricity/Power Grid

Lao gov’t steps up electricity trade with neighboring countries

5 June 2019

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  • Lao PDR

VIENTIANE, June 5 (Xinhua) — Lao government has agreed to conduct a feasibility study on electricity trading and hydropower exchanges with neighboring countries to boost cooperation in the energy sector, local daily Vientiane Times reported on Wednesday.

Laos has agreed to sell 5,000 MW of electricity to Vietnam, while it is currently exporting just over 300 MW and is expected to supply 1,000 MW by 2020, Lao Minister for Energy and Mines, Khammany Inthirath, reported at the opening of the energy and mining sector’s first quarter meeting on Monday.

“Both countries are hoping to increase Lao electricity exports to Vietnam to 3,000 MW by 2025 and to more than 5,000 MW by 2030,” he said.

The Lao government is currently conducting negotiations on electricity trading with Vietnam and expects to sign an agreement soon, Khammany said.

Khammany said that Laos has agreed to sell 9,000 MW of electricity to Thailand, which currently stands at 4,260 MW, but will increase to 7,000 MW by 2020 and 9,000 MW by 2025. Laos has also agreed to sign electricity trading pacts for four projects with Thailand, of which 2,357 MW of installed capacity is expected to sell by the end of this year. Laos has improved the price for electricity trading and increased electricity exports to Thailand, Khammany said.

Laos, Thailand and Malaysia have partnered to study the increase in capacity to 300 MW for electricity provided to Malaysia.

Laos currently supplies electricity via a 115 kV transmission line and is considering increasing its capacity to sell power via 230 kV and 500 kV transmission lines.

  • Renewables

Sharp nears 200MW in Vietnam with 49MW completion

5 June 2019

 – 

  • Vietnam

Japan’s Sharp has marked a substantial boost to its Vietnamese portfolio after finalising a 49MW project, its fourth to date in the country.

The installation in Quang Ngai province, central Vietnam, will now start supplying power to the grid after wrapping up construction in recent weeks.

The project was delivered alongside Thailand’s Sermsang Power Corporation (SSP) and one its subsidiaries, Truong Than Quang Ngai Power and High Technology Joint Stock Company.

The latter will be charged with running the plant, designed to cover the electricity needs of 38,000-plus Vietnamese households as it produces 73GWh every year.

The work was overseen by Sharp Energy Solutions Corporation, a subsidiary that develops rooftop PV, battery storage and smart energy systems for customers in Japan and abroad.

The plant is the fourth developed by Sharp in Vietnam so far, pushing capacity up to the 195MW mark.

The first of the four – boasting a capacity of 48MW – marked its commercial launch last October in the Thua Thien Hue province, further up north. Two similarly-sized plants are being built in Binh Thuan and Long An provinces, in Vietnam’s south.

Vietnamese PV has witnessed in recent years the arrival of the first utility-scale projects but has a long way to go towards its goal to hit 12GW capacity by 2030.

The Southeast Asian state runs feed-in tariff schemes to support the roll-out but faces significant clustering issues, with grid congestion a particular risk in the Ninah Thuan province and other hotspots.

  • Renewables

India’s Waaree Energies finishes 49.5 MW in Vietnam

5 June 2019

 – 

  • Vietnam

India’s Waaree Energies has commissioned a 49.5 MW ground-mounted solar project in Vietnam.

The project has been developed for Song Giang Solar Power on a 60-hectare site in Cam Ranh, Khanh Hoa province. It was completed in 120 days and is expected to generate more than 78,600 MWh of electricity per year.

The power generated by the plant will be sold to state-owned utility Vietnam Electricity, under a 20-year feed-in tariff (FIT) set by the Vietnamese government. Waaree Energies will handle O&M services for the $40 million installation.

“Everything including modules and even the structures were supplied from India,” said Sunil Rathi, director of Waaree Energies. “We were able to complete the project much before time, despite challenges like communication barriers and the loss of 30 working days to rain. Further, electricity transmission laws for the project requirements were completely different. Studying and meeting those requirements and consistently commissioning the project was a challenge.”

Vietnam is one of the 20 fastest-growing economies in the world, with average annual investments of $6.8 billion in the power sector. The government is targeting 12 GW of solar installations, with Rathi noting that energy demand is expected to rise by 10% by the end of this decade. “Waaree is targeting this growing demand,” he said.

Waaree Energies expects its international projects to account for over 15% of its overall revenue in FY2019-20. Its latest project in Vietnam marks the company’s completion of more than 600 MW of solar EPC projects.

“There is a big market globally, not just for PV panel supply, but also for EPC work, especially in countries like Vietnam, Cambodia and Thailand,” Rathi said. “We are in the process of signing more projects. We are also looking at African countries, where demand is very big.”

Overall, the company has an international pipeline of 100 MW. It has a presence in more than 280 locations across India and in 68 countries throughout the world. At 1.5 GW, it claims to have India’s largest solar PV module manufacturing capacity. It plans to expand its plant in the state of Gujarat to 2 GW by the next quarter.

  • Renewables

AC Energy completes Vietnam solar project

5 June 2019

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  • Philippines

MANILA, Philippines — AC Energy Inc., the energy platform of Ayala Corp., has completed its second solar project worth $83 million in Vietnam in partnership with AMI Renewables Energy Joint Stock Co.

The Ayala firm said the completed projects are composed of two solar plants with a combined capacity of 80 megawatts (MW) located in the provinces of Khanh Hoa and Dak Lak.

The partners inaugurated the 30-MW Dak Lak facility last April 25 and the 50-MW Khanh Hoa solar plant on May 30.

“This reaffirms AC Energy’s commitment to shore up our presence in the region, particularly in Vietnam’s growing power sector. We believe that this is a critical part of the country’s progress,” AC Energy COO for international Patrice Clausse said.

With a project cost of $83 million, the solar plants were completed in time for the Vietnam government’s feed-in tariff deadline of June and are expected to qualify for the FIT.

“These projects are a testament to our long-term commitment to the economic and social development of the provinces of Khanh Hoa and Dak Lak,” AC Energy senior vice president Miguel de Jesus said.

The two solar power plants are a stepping stone to reach one gigawatt of renewable energy capacity with AC Energy, AMI AC Renewables Joint Stock Company CEO Nguyen Nam Thang said.

“The successful completion of the Khanh Hoa and Dak Lak solar projects speaks to our strong partnership with AC Energy. Together, we hope to grow our renewables to 1 GW by 2025 in Vietnam,” he said.

In 2017, AC Energy and AMI Renewables formed a platform company, named AMI/AC Renewables Joint Stock Company, to build renewable energy plants in Vietnam. AC Energy has at least 50 percent economic share in AMI/AC Renewables.

The partners are in advanced discussions for the development of the Quang Binh wind project which has a potential of 200 to 300 MW.

The commissioning of the Khanh Hoa and Dak Lak solar plants come on the heels of the inauguration of the 330-MW solar farm in Ninh Thuan, AC Energy’s first greenfield project in the country.

The Ninh Thuan solar project, consisting of three solar plants, is a joint venture between AC Energy and the BIM Group and is one of the largest solar farms in Southeast Asia.

With five new solar plants in its portfolio, AC Energy said it would continue to be an active participant in Vietnam’s renewable energy sector as it aims to reach its target of 5 GW of renewable energy capacity by 2025, with renewables contributing at least 50 percent of total energy output.

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