Recently, Wood Mackenzie released the latest quarterly market outlook report. Although the Covid-19 epidemic has brought long-term challenges to the global photovoltaic market, the global photovoltaic installed capacity is expected to reach 115GW (DC) in 2020, compared with the previous year. Increase by 5%. In addition to the strong recovery of the Chinese market in the Asia-Pacific region, Southeast Asia, which has a large power gap, also performed well. This year, Malaysia, Vietnam, Myanmar, and Thailand have successively issued tenders for different types of photovoltaic projects on the ground, on water, floating, and industrial and commercial distributed.

Judging from the bidding scale, the overall bidding scale for the Southeast Asian market in 2019 is around 1GW, but this year the bidding scale for the entire market is above 5GW. With the decline in photovoltaic costs, most Southeast Asian countries have begun to adopt a bidding model to improve the competitiveness of photovoltaics.

Experts said from the perspective of household/industrial and commercial photovoltaic demand in nine Southeast Asian countries from 2010 to 2024, Vietnam’s household photovoltaic power will reach 1GW in 2020, by Thailand with a scale of about 500MW. By 2021, the total household PV in Southeast Asia is expected to reach 2GW. Therefore, regardless of the bidding price, the scale of market demand, or the difficulty of foreign investment, the Southeast Asian market is a market worthy of attention and more understanding. And related data show that Vietnam, as the “dark horse” of the Southeast Asian photovoltaic market in 2019, contributed 5.4GW of new installed capacity. In 2020, Vietnam will continue to lead the Southeast Asian market in new photovoltaic installations.

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