The installed PV plant capacity in Southeast Asian countries in 2020 has exceeded 5GW Dec 16,2020.

According to industry consulting agency Wood Mackenzie, the Southeast Asian PV market will maintain a rapid development momentum in the next 5 years, and the cumulative installed capacity of photovoltaic power generation will increase by 3 times on the basis of 2019.

"This year, PV project bidding accounted for 90% of all public bidding projects. Up to now, the scale of public bidding for PV power projects in Malaysia and Myanmar has reached the gigawatt level." Hu Dan, a senior analyst at IHSMarkit said. In his view, the rapid expansion of installed PV power capacity is mainly driven by countries policiesTake Vietnam as an example. In 2017, the Vietnamese government promulgated a feed-in tariff policy and successfully applied for approved projects exceeding 7 GW, which drove the rapid rise of the Vietnamese PV market.

Data of 2019, the cumulative installed capacity of PV power in Southeast Asia has exceeded 14 GW, of which ground PV plants are the mainstay. 

This year, many countries have successively announced the scale of public bidding for ground photovoltaic power plants, and the cumulative bidding scale has exceeded 5 GW. Among them, the Philippines has announced the bidding scale with a total capacity of 2.5 GW; the total bidding capacity in Malaysia and Myanmar has exceeded 1 GW respectively; and the bidding capacity in Vietnam is 0.5 GW.

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