Report highlights competitiveness of geothermal energy in the ASEAN region
The ASEAN Centre for Energy has released an interesting report on levelised costs for renewable energy generation in the ASEAN member states. The report shows the competitiveness of geothermal energy in Indonesia and the Philippines.
The ASEAN-German Energy Programme (AGEP), a jointly implemented project by the ACE and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ) conducted a follow-up study to the previous Levelised Cost of Electricity of Selected Renewable Technologies in the ASEAN Member States released in November 2016.
This second study aims to determine the current levelised costs of electricity (LCOE) of solar photovoltaic, hydropower, wind, biomass, and geothermal. It includes geothermal and wind power with more project samples for each technology. With a total 134 projects evaluated, it is expected that the study will offer a better understanding of the LCOE for these five RE technologies in ASEAN, and further identify necessary policies to encourage fair competition between RE and conventional fossil fuel-based power plants in the AMS.
ASEAN member states are Indonesia, Thailand, Malaysia, Singapore, the Philippines, Vietnam, Combodia, Brunei, Myanmar and Laos.
The report highlights interesting details about geothermal energy in the ASEAN region with 6 projects analysed for the study. The medium capacity factor in the region (Indonesia & the Philippines) is 91.8%, while higher in Indonesia. The size of the projects analysed were 110, 55, 20, 10, 50, and 20 MW.
The publication can be downloaded here.
Source: ASEAN Center for Energy