ANNUAL ASEAN MARKET FOR SOLAR PV

MARKET DRIVERS FOR SOLAR PV IN ASEAN

• Recent public policies & targets for solar as a result of COP21 in Paris
• High costs of regional power generation due to physical limitations of hydro-power, absence of nuclear power and high dependency on foreign gas (LNG) supply
• Increasing demand for clean and cheap power due to overall electrification rate of only 72%, 6% p.a. growth in power demand and population of more than 600 million with increasing power needs

Bloomberg New Energy Finance (BNEF):

PV solar power generation capacity increase to a total capacity of
30,000 MW by 2020