A lack of competition, on a number of fronts, is preventing Southeast Asia’s solar market from reaching its full potential.
Speaking to PV Tech on the condition of anonymity, a successful developer in the region said governments were missing out on a huge opportunity by failing to establish cost-competitive tenders and competing with one another for foreign investment.
“Power is the bloodline of any economy. Governments need to provide cheap affordable power to their constituents. In Southeast Asia, consumers are used to getting lower tariffs due to consumer subsidies and fossil fuel subsidies. There are very few consumers who will willingly pay a higher tariff just because the power comes from renewable sources,” they said.
