Rystad Energy, an independent research and business-intelligence company serving energy investors, has launched the Southeast Asian hub of its RenewableCube data-analysis product. At an exclusive gathering in a Barangaroo tower suite last Friday, Minh Koi Le, Research Analyst for APAC Renewables outlined the solar prospects for the region with Vietnam at its irradiant centre.
Vietnam, says Minh Koi Le, leader of Southeast Asia analysis for Rystad Energy, is an example of what a country with stable leadership — albeit in a one-party state — can achieve with vision and long-term policy. A country that had zero renewable projects in 2016, now has a pipeline of 40 solar projects alone, with a combined capacity of 2.5 GW at various stages of development in 2019.
“A lot of Asian countries are like that, in the sense that you don’t see the Prime Minister changing, and that’s an advantage because they have a vision and it’s not going to change,” says Le.
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