POWER-GEN Asia 2018

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Key Factors Driving Decisions to Develop Renewable Energy Projects in Asia (Room Garuda 7A, 1st Floor)

Asia represents the fastest-growing market for renewable energy in the world, with Solar Photovoltaic (PV) projects having great potential as a source of power generation. In this report, we will present the main drivers and risks associated with developing renewable energy power plants in Asian markets, focusing on solar. The analysis will address the potential for renewable energy in individual countries by describing government policy support, impact of declining costs, and assessing grid capability to handle rising share from renewable resources. Specifically, we will present a detailed analysis of two utility-scale power plants using Solar PV technology, one in China and the other in India. Key topics and concerns to be discussed include land availability, Feed-In-Tariffs, grid capability, project bankability, PV module selection, EPC contractor and insurers' role, and expected ROI. The two case studies will describe the key factors that developers have considered at the early stages of development for both solar projects, as well as to highlight the specific operational risks, such as low plant utilization rates, power sales limitations, plant and equipment degression, delayed payment of subsidies, that individually or together may cause plant performance to fall short versus the initial design and project expectations. Additionally, we will compare the potential for Solar PV projects in Southeast Asia versus those in the larger markets of China and India. As part of that comparison we will identify best practices that can be transferred from China and India to Southeast Asian countries when developing solar power projects.