Southeast Asia is rapidly advancing in solar energy, with a total solar farm capacity surpassing 20GW and various nations making notable strides. This progress is supported by a mix of government policies, international investments, and private sector involvement, though each country faces its own set of challenges that impact their solar energy initiatives.
Vietnam leads the region with over 18.4GW of installed solar capacity as of 2023, driven by favorable government initiatives and significant international investment. Cambodia’s solar sector, growing by 14% in 2023, aims to reach 3.2GW by 2040 while targeting 70% renewable energy by 2030 despite policy hurdles. Indonesia, with its vast solar potential, targets 3.61GW of rooftop and 26.65GW of floating solar by 2030, supported by the Cirata floating solar plant and recent regulatory changes. Laos, dominated by hydropower, is developing key solar projects like the 240MW floating solar farm but faces regulatory and investment challenges. Myanmar’s solar development, affected by political instability, shows growth with ongoing projects despite recent setbacks. The Philippines, with 2.3GW of operational solar capacity, is set to expand significantly by 2030 due to progressive policies and strong private sector involvement. Thailand’s goal of 15.6GW by 2035, part of its net-zero commitment, is supported by innovative projects and relaxed policies, although issues with net metering have slowed rooftop solar growth.
Conclusion: Southeast Asia’s solar energy sector is marked by impressive achievements and ambitious goals, with each country navigating its unique challenges. The region’s dedication to expanding solar capacity, supported by diverse national strategies and significant investments, points towards a promising future for renewable energy in Southeast Asia.
