- By Pooky, Thai Intel’s economics journalist
Yingluck is heading to Laos for the Europe ASEAN meet in a few days. Latest news relating to Euro Zone and ASEAN is IMS Research, that says the ASEAN solar energy market could re-vive the ailing Euro Zone solar energy firms.
- That can only mean jobs and jobs security for the Euro Zone!
It was the worse of times, because IMF collapse of the Thai economy to wipe out bade debt, in the rationale that the bottom will be a base of a new growth phase-stubbornly, did not take place.
And it was also the best of times, because Thaksin, a billionaire businessman, understood business needs. So Thaksin, did mainly two things, went hunting for investments and injected funds to the grassroots, meaning the majority of the Thai people.
- In effect, Thaksin created new demand and supply, together systematically, in a very effective manner.
Well, Euro Zone is in a mess pretty much like Thailand, when Thaksin came to power in Thailand. Off course, Thailand and ASEAN can not serve the Euro Zone as a market place to spur new investments in the zone indefinately.
But there is hope, that all the QEs, will lead to just enough investment in the real sector, like in R&D and infrastructure, and the engine of growth in regions such as ASEAN, will give the global economic leaders, time to sort out all the mess and implement some sound policies like Thaksin’s policies.
Press release, November
IMS research found that although the region accounted for less than 1% of global installations in 2011, its share is forecast to increase by more than four times by 2016, In addition, annual installations are forecast to grow by 50% a year on average for the next five years and expected to exceed 1GW by 2015.
Jackie Chang, DIGITIMES [Friday 2 November 2012]
Total cumulative solar installations in Southeast Asia are forecast to reach almost 5GW by 2016, according to IMS Research. By conducting analysis on the solar markets in Thailand, Malaysia, Indonesia, Vietnam, Singapore and the Philippines, the market research institute believes that the region will grow at 50% per year on average over the next five years, providing an attractive market for ailing suppliers in Europe. Installations have previously been dominated by Thailand, however, other regions are also forecast to quickly account for a significant share of the market.
In recent years, Thailand has accounted for the majority of installations in the region and will be the fifth-largest market in Asia in 2012 (after China, Japan, India and Australia). Rapid growth in Thailand has been driven by the attractive Adder incentive scheme which has resulted in several large ground-mount systems being completed. However, a new incentive scheme to promote smaller rooftop systems is expected in 2013. As a result, the market share of utility-scale systems in Thailand is forecast to fall by 25% by 2016.
The solar market in Southeast Asia is forecast to diversify significantly in the future. “Although the market is currently dominated by Thailand, a number of countries within the Southeast Asia region have huge potential for solar and offer significant opportunities to suppliers, and these will account for a growing share of the market in the future,” commented Jessica Jin, PV market analyst at IMS Research. “Given its substantial and quickly growing need for electricity, the small amount of the population that currently have access to electricity, and its reliance on diesel generators on its thousands of islands, solar is a highly attractive solution for providing distributed electricity sources in Indonesia.” IMS Research predicts that Indonesia will be the fastest growing market in the region installing close to 1GW of solar over the next four years, with off-grid systems set to account for a significant share of this.
IMS Research also found that although the region is home to some large manufacturing facilities for international solar cell and module manufacturers, these manufacturers do not hold a significant market share, and five of the largest solar module suppliers to the region were found to be China- or Japan-based manufacturers. In contrast, the majority of the largest system integrators were headquartered locally.
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