Given bullish growth rates in power demand and strong policy support from government, Asian countries are seeing a wave of renewable developments. However, conventional thermal generations are still on the roadmap of most countries. How are renewable markets developing in Asian countries beyond China and India? What is the status of recent Asian renewable developments? What are recent policy changes that support renewables? How will renewables work together with coal and gas in the fuel mix? Where are the opportunities for international renewable players in Asian markets?
Photovoltaics costs have decreased dramatically over the past decade, mostly driven by a sustained decline in module costs, which have fallen nearly 90% on average between 2010 and 2020. Going forward, further decreases are expected but the sources of improvements could be more diverse. Further gains could come from a combination of incremental cost reduction to existing technological platforms, but also through the emergence of new technologies. At the same time, the focus is shifting from reducing capex to increasing the value over the lifetime of a project. How well positioned is the supply chain to deliver on future cost reductions? How can past cost reductions be sustained in the future? What new technologies are on the horizon? How likely their success? What potential for cost reduction is there beyond the module?