OUR MARKETS

Southeast Asia

One of the fastest growing renewables markets worldwide

Renewables have become the lowest cost option to meet increased demand for electricity in the region. Solar PV & wind continue to undercut coal & gas on price and deliverability as governments tackle severe air pollution and rapid electricity demand growth.

Renewables currently provide the majority of new capacity installations and are projected to account for more than 50% of total electricity supply by 2050. Increased cooling (AC) and electrification of the transport system are major drivers.

Home to a young and growing population of 650 million, our target markets in the region are Thailand, Vietnam, Philippines, Malaysia, Singapore, Indonesia, Myanmar and Cambodia.

Cheap, Clean and Secure

"The costs of solar panels, wind turbines and batteries will continue to decline. By 2030, the energy generated and stored by these three technologies will take the place of electricity generated by coal & gas throughout most of the world"

Matthias Kimmel, Bloomberg NEO 2019, Lead Analyst

SE Asia will add a total of 22.6 GW of additional solar PV between 2020 and 2024 – Wood Mackenzie Market Outlook Feb 2020

Solar PV

Technology and manufacturing innovation continues to drive down system costs. Bifacial, advanced cell architectures and single-axis trackers are now being deployed at scale and will make further considerable improvements possible. IRENA predicts a 58% reduction in costs from 2018 – 2030 (Global Renewables Outlook 2020).

SE Asia will add a total of 22.6 GW of additional solar PV between 2020 and 2024 – Wood Mackenzie Market Outlook Feb 2020

SE Asia will add a total of 22.6 GW of additional solar PV in 2020-2024 – Wood Mackenzie Market Outlook Feb 2020

Solar PV

SE Asia will add a total of 22.6 GW of additional solar PV in 2020-2024 – Wood Mackenzie Market Outlook Feb 2020

For SE Asia, DNV GL projects a fifteen fold increase in installed wind power capacity from ~1 GW in 2019 to 15 GW by 2030.

Wind

Continued technology improvements are expected to allow cost reductions of 25% and 58% for onshore and offshore wind power systems respectively between 2018 and 2030 (IRENA Global Outlook, 2020) making wind an increasingly attractive source of energy, particularly where production profiles address early and late day peaks in demand.

For SE Asia, DNV GL projects a fifteen fold increase in installed wind power capacity from ~1 GW in 2019 to 15 GW by 2030.

“We predict the capital cost of a utility-scale lithium-ion storage system to decline by 86% from 2018 to 2050.” – DNV GL Energy Transition Outlook 2019

Energy Storage Systems

The cost of energy-storage systems (ESS) and battery technologies continue to decline rapidly. The utility-scale deployment of these technologies in combination with solar and wind generation will deliver reliable & secure energy at very low cost.

“We predict the capital cost of a utility-scale lithium-ion storage system to decline by 86% from 2018 to 2050.” – DNV GL Energy Transition Outlook 2019

“…distributed generation will develop a significant foothold in the overall power market.” – DNV GL Energy Transition Outlook 2019

Distributed Energy Solutions

Smart technologies and falling storage costs are changing how power is transmitted, distributed and managed. The levels of distributed and behind-the-meter energy solutions will rise rapidly as specialist developers, aggregators and prosumers (ie producing, consuming & managing their energy) become major influencers of how power is generated and consumed.

“…distributed generation will develop a significant foothold in the overall power market.” – DNV GL Energy Transition Outlook 2019

Markets

Vietnam

Philippines

Thailand

Indonesia

Cambodia

Contact Us

For all enquirers, please contact us using the email below.

36 Robinson Road

#13-01 City House Singapore 068877

Email:

info@kairos-renewables.com

Phone:

+65 9150 9062