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Title: Exploring Renewable Energy Opportunities in Select Southeast Asian Countries: A Geospatial Analysis of the Levelized Cost of Energy of Utility-Scale Wind and Solar Photovoltaics

Abstract

The costs of renewable energy-based electricity generation have fallen precipitously in recent years to levels that are increasingly competitive with traditional generation such as fossil fuel-based generation. As these costs become increasingly competitive, private developers, policymakers, and energy system planners are searching for opportunities to harness high-quality renewable energy resources. Developing economies are setting ambitious targets and exploring how cost-effective, grid-connected renewable energy options can help power economic growth and meet growing electricity demands. This includes the member states of the Association of Southeast Asian Nations (ASEAN) that are determined to reach a target of 23% of renewable energy in the region's total primary energy supply by 2025. A critical gap to identifying opportunities and scaling up renewable energy is the lack of quality data and analyses to support decisions on the investment and deployment of renewables - including wind and solar photovoltaics (PV). This work supports decision making by providing high-quality data and spatial analysis of the cost of utility-scale wind and solar PV generation in select countries of Southeast Asia - specifically, the ASEAN member states. Generation costs are expressed as the levelized cost of energy (LCOE) - a commonly used metric that represents the net present valuemore » of the unit cost of electricity during the lifetime of a particular electricity generation technology. This is the first spatial estimate of LCOE for these technologies within the ASEAN member states - providing insights into the roles that renewable energy resource quality and other factors may play in generation costs.« less

Authors:
ORCiD logo; ; ; ; ; ORCiD logo
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
United States Agency for International Development (USAID)
OSTI Identifier:
1527336
Report Number(s):
NREL/TP-7A40-71814
MainId:20963;UUID:b55d4e78-c474-e811-9c14-ac162d87dfe5;MainAdminID:9439
DOE Contract Number:  
DE-AC36-08GO28308
Resource Type:
Technical Report
Country of Publication:
United States
Language:
English
Subject:
14 SOLAR ENERGY; 29 ENERGY PLANNING, POLICY, AND ECONOMY; LCOE; cost of energy; COE; wind; solar; utility-scale wind; utility-scale solar PV; Association of Southeast Asian Nations (ASEAN); Brunei; Cambodia; Indonesia; Lao PDR; Laos; Malaysia; Myanmar; Burma; Philippines; Singapore; Thailand; Vietnam

Citation Formats

Lee, Nathan, Cardoso de Oliveira, Ricardo, Roberts, Billy, Katz, Jessica, Brown, Thomas, and Flores-Espino, Francisco. Exploring Renewable Energy Opportunities in Select Southeast Asian Countries: A Geospatial Analysis of the Levelized Cost of Energy of Utility-Scale Wind and Solar Photovoltaics. United States: N. p., 2019. Web. doi:https://dx.doi.org/10.2172/1527336.
Lee, Nathan, Cardoso de Oliveira, Ricardo, Roberts, Billy, Katz, Jessica, Brown, Thomas, & Flores-Espino, Francisco. Exploring Renewable Energy Opportunities in Select Southeast Asian Countries: A Geospatial Analysis of the Levelized Cost of Energy of Utility-Scale Wind and Solar Photovoltaics. United States. https://dx.doi.org/10.2172/1527336
Lee, Nathan, Cardoso de Oliveira, Ricardo, Roberts, Billy, Katz, Jessica, Brown, Thomas, and Flores-Espino, Francisco. Fri . "Exploring Renewable Energy Opportunities in Select Southeast Asian Countries: A Geospatial Analysis of the Levelized Cost of Energy of Utility-Scale Wind and Solar Photovoltaics". United States. https://dx.doi.org/10.2172/1527336. https://www.osti.gov/servlets/purl/1527336.
@article{osti_1527336,
title = {Exploring Renewable Energy Opportunities in Select Southeast Asian Countries: A Geospatial Analysis of the Levelized Cost of Energy of Utility-Scale Wind and Solar Photovoltaics},
author = {Lee, Nathan and Cardoso de Oliveira, Ricardo and Roberts, Billy and Katz, Jessica and Brown, Thomas and Flores-Espino, Francisco},
abstractNote = {The costs of renewable energy-based electricity generation have fallen precipitously in recent years to levels that are increasingly competitive with traditional generation such as fossil fuel-based generation. As these costs become increasingly competitive, private developers, policymakers, and energy system planners are searching for opportunities to harness high-quality renewable energy resources. Developing economies are setting ambitious targets and exploring how cost-effective, grid-connected renewable energy options can help power economic growth and meet growing electricity demands. This includes the member states of the Association of Southeast Asian Nations (ASEAN) that are determined to reach a target of 23% of renewable energy in the region's total primary energy supply by 2025. A critical gap to identifying opportunities and scaling up renewable energy is the lack of quality data and analyses to support decisions on the investment and deployment of renewables - including wind and solar photovoltaics (PV). This work supports decision making by providing high-quality data and spatial analysis of the cost of utility-scale wind and solar PV generation in select countries of Southeast Asia - specifically, the ASEAN member states. Generation costs are expressed as the levelized cost of energy (LCOE) - a commonly used metric that represents the net present value of the unit cost of electricity during the lifetime of a particular electricity generation technology. This is the first spatial estimate of LCOE for these technologies within the ASEAN member states - providing insights into the roles that renewable energy resource quality and other factors may play in generation costs.},
doi = {https://dx.doi.org/10.2172/1527336},
url = {https://www.osti.gov/biblio/1527336}, journal = {},
number = ,
volume = ,
place = {United States},
year = {2019},
month = {6}
}