APVIA Q4 2017 Market Report

With the support of the PV Market Alliance

Introduction

• Launched in 2017, this 4th edition of APVIA’s quarterly PV market report focus on “fiveselected Asia countries”, anticipated to witness solid growth in terms of additionallyadded solar PV power generation capacity throughout 2017, 2018 and beyond

• This report focuses on “China, Japan, Malaysia, Thailand, Vietnam” and theimportance of renewable energy in its energy mix in general as well highlights andtrends regarding solar PV in particular

• This report has been prepared with information provided by the PV Market Allianceand especially Asia Europe Clean Energy (Solar) Advisory Co. Ltd. (AECEA)

• All information collected are valid at the time of publication. The data published donot engage the responsibility of APVIA or AECEA and should be considered with all duecaution and are for informational purposes only 2

China – A Host of Up/Downstream Policies in Place since early 2000

Upstream Sector

• Early 2000 – Identification of so-called “7 Strategic Emerging Industries (SEI)” • SEI’s contribution to China’s GDP: 5% (2010) to 8% (2015) and 15% (2020) • Guiding Principle: From “Made in China” to “Designed in China” to “Global Leadership”• 12th FYP (2011-2015) : Central/Local Govt. & Private Sector Investment: USD 1.4 trillion foreseen • Since 2006 – every 5th Year-Plan just gets “greener”

3

Downstream Sector

• Since 2006 – Renewable Energy Law • Since 2008 – Power Surcharge is being levied on Commercial & Industrial Power User • Since 2008 – FIT Policy• Since 2010 – Domestic Market Expansion Program launched (Demo-Projects, Golden Sun Program,

RE-Hybrid Projects, Top-Runner Program, etc.

China – 12th Five-Year-Plan (2011-2015) –Plan vs. Reality

4

5

10

14

20

35

23,5

10,95 10,6

15,13

2,9

6,5

17,45

28,05

43,18

75

313

43

-3

0

5

10

15

20

25

30

35

40

45

50

2011 2012 2013 2014 2015

-50

0

50

100

150

200

250

300

35012th Five-Year-Plan (2011-2015) Solar PV Target (GW)

Annual Installations (GW)

Cumulative Installations (GW)

Annual Change (%)

• Unprecedented in Chinese history, a national five year plan target were increased four times over its five year plan period

• Due to the introduction of a FIT scheme the market exceeded its expectations and annual guiding target set by the govt.

Source: AECEA

Diagramm1

2011201120112011

2012201220122012

2013201320132013

2014201420142014

2015201520152015

12th Five-Year-Plan (2011-2015) Solar PV Target (GW)

Annual Installations (GW)

Cumulative Installations (GW)

Annual Change (%)

5

2

2.9

10

3.5

6.5

75

14

10.95

17.45

313

20

10.6

28.05

-3

35

15.13

43.18

43

Tabelle1

12th Five-Year-Plan (2011-2015) Solar PV Target (GW)Annual Installations (GW)Cumulative Installations (GW)Annual Change (%)

2011522.9

2012103.56.575

20131410.9517.45313

20142010.628.053

20153515.1343.1843

Tabelle1

12th Five-Year-Plan (2011-2015) Solar PV Target (GW)

Annual Installations (GW)

Cumulative Installations (GW)

Tabelle2

12th Five-Year-Plan (2011-2015) Solar PV Target (GW)Annual Installations (GW)Cumulative Installations (GW)Annual Change (%)

2011522.9

2012103.56.575

20131410.9517.45313

20142010.628.05-3

20153515.1343.1843

Tabelle2

12th Five-Year-Plan (2011-2015) Solar PV Target (GW)

Annual Installations (GW)

Cumulative Installations (GW)

Annual Change (%)

Tabelle3

China – Uneven Quarterly Demand

5

June 30 -Deadline

2017 FIT ReductionAnnounced June 30 - Deadline 2017 FIT Effective

• Due to the nature of the Chinese legislative framework, the full year demand is characterized by an uneven quarterly demand

• Quarterly installation volumes can vary significantly

• Projects have to be grid-connected before June 30, in order to be eligible for past years FITs

Source: AECEA

China – Distributed Generation is Taking Off

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6,2

19,3

9,212,2

36

0

5

10

15

20

25

30

35

40

45

50

2013 2014 2015 2016 2017e

Utility-Scale (GW)

Distributed (GW)

Total (GW)

DG Share of Total (%)

• Due to institutional, technical and economical reasons, past years installations volumes regarding commercial & industrial rooftop systems were significantly smaller compared to ground-mounted PV power plants

• In 2017, estimates suggests that possibly 18-19 GW of distributed PV could be installed

Source: AECEA

China – Residential Markt Prospects

7

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

2015 2016 2017 2018 2019 2020

MW

Number of Households(1000)

• To date, China’s residential solar PV market is in an infant stage

• Due to institutional, technical and financial reasons the total installed capacity of residential solar PV systems amounts to just a few hundred MWs

• Recently, numerous banks started to offer corresponding financial packages

Source: AECEA

China - Pilot Direct Power Sales for Distributed Generation Operational by Feb 2018

• Nov 2017: Chinese govt. proposed to establish a pilot direct power sales scheme specifically designed for distributed generation, notably wind and solar of less than 50 MW power generation capacity

• Solar farms will be eligible for DG subsidy • Solar projects are required to offer a no less than 10% subsidy discount for projects up to 20 MW • Solar projects are required to offer a no less than 20% subsidy discount for projects btw. 20-50 MW• A grid connection fee is to be paid to the grid companies • Detailed local pilot schemes Dec 2017, trading Feb 2018, July 2018 potential wider, national application • Aim: encourage local renewable power consumption and accelerate grid parity for wind and solar• Pilot scheme criteria: 1) high power demand regions with good grid infrastructure that can dispatch

renewable energy locally and to large cities, industrial parks, new cities and other economic

development zones. 2) regions with red alerts for wind and solar (or regions with over 5%

curtailment ratio) will not be applicable for such pilot schemes8Source: AECEA

China – Market Prospects till 2020

9Source: AECEA

Japan – Key-Points of Revised FIT Law

10

Distributor Transmission & Distribution Operator

Exemption rate based on energy efficiency efforts

Disclosure of connection capacity and price of GC work

More transparent rules for grid connection

Disclosure of supply and demand information

Guideline for grid connection

Framework to comply related laws and regulations

Addressing safety of PV systems O&M

New approval scheme for business plan

Addressing delayed/ unrealistic projects

Middle term price target

FIT level for multiple years

Tender program

Setting rules for FIT level

New approval scheme

Off-takers of RE power

Transparency for grid connection (GC)

Exemption of surcharge

• Effective since April 2017

Source: RTS Corporation

Japan – Revised FIT Law cause Cancellations

11

• As of March 2017:

• Possibly up to 30 GW of the 50 GW pipeline will be cancelled due to the revised FIT Law effective since April 2017

Source: RTS Corporation

Japan – Changes of Approval Scheme

12

Approval of Facility

Previous FIT Program

Approval of Project Business Plan

New FIT Program

1) The project contributes to promoting the use of electricity from renewable energy2) The project is expected to be smoothly and surely conducted3) The project is expected to realize stable and efficient power generation

Requirements for approval under the new FIT programTo be approved by the Minister of METI,the “Project Business Plan” must satisfy the following:

Guidance, Advice(Article 13)

Order for Improvement(Article 14)

Revocation of Approval(Article 15)

In case of violating the issues to be “observed”, the following measures may be taken:

Violation of issues to be “observed” in the govt & ministerial ordinancesas well as guidelines may result in revocation of approval.

Source: RTS Corporation

Japan – Summary of Tender Scheme

• Tender for the right to apply for FIT approval

• Tender for the Feed-in tariffs (FIT) and the system capacity (the unit of tender price is Yen/kWh: submission is accepted with the unit

of 0.01 Yen at minimum, the unit of system capacity is MWAC: AC capacity)

• The ceiling bidding price is limited to the FIT for 10 kW - < 2 MW capacity range (the ceiling bidding price for FY 2017 is 21 Yen/kWh =

16.8 Eurocent/kWh)

• A uniform tender throughout Japan (not by region)

• Tender document was published end of June. Revised document issued in September and bidding application started in October.

• ≥ 2 MW extra high voltage projects are subject to the tender scheme

on or after January 21, 2017, normal application for approval of extra high voltage projects are not accepted (only tenders)

• Methodology to decide FITs: Pay as Bid

• After winning the bid, application for FIT approval shall be submitted within 1 month and approval shall be acquired within 3 months13Source: RTS Corporation

Japan - Eligibility Criteria for Tenders

• The grid connection capacity is secured (signing of grid connection contract is not essentially required, but application forapproval is not accepted if contract is not concluded immediately after winning the tender)

• The criteria for approval : same as the new FIT criteria

• Explanation of the project plan, etc. to the relevant municipality is necessary (briefing to local residents is required)

• Compliance with permission and authorization, etc. under other laws and regulations

• The first guarantee deposit (500 Yen/kW) + handling charge for participating in the tender and second guarantee deposit (5,000 Yen/kW) when winning the tender are required to be paid (they will be refunded in case the development of project runs smoothly)

14

First Tender Results Nov 2017

• Nov 22, 2017: Japan’s Ministry of Economy, Trade and Industry (METI) has awarded 140 MW of solar capacity to eight companies across nine locations, with the lowest bid coming in at JPY 17.2 ($0.15)/kWh

• The lowest successful bid was roughly 28% lower than the feed-in tariff (FIT) rate of JPY 24 (around US$0.214) that the government offered throughout the last fiscal year

• The highest successful bid in the country’s first reverse auction for solar came in at JPY 21/kWh

• METI plans to hold two bidding rounds per year from fiscal 2018 onwardsSource: RTS Corporation

Japan – FY 2030 Prospects

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• Several factors will influence the forecasting of the to be installed solar PV capacity till 2030

Japan – Forecast of Installed PV Capacity

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• Business as Usual (BAU) scenario is were policy, deregulation, technology development, etc. continue according current trajectory

• Accelerated Scenario is the case were ambitious policy is introduced and deregulation significantly advanced, dev of various BOS technologies make progress

• Paradigm Shift Scenario is the case were accelerated policy is introduced and obstacles such as grid integration is solved combined with technological advancement

Source: RTS Corporation, http://www.rts-pv.com/uploads/2016/10/Forecast-FY-2020_FY2030_2017.pdf

Japan – Paradigm Shit Scenario till 2030

17Source: RTS Corporation, http://www.rts-pv.com/uploads/2016/10/Forecast-FY-2020_FY2030_2017.pdf

Japan – 150 GW by Fiscal Year 2030

18

• Several factors will influence the forecasting of to be installed solar PV capacity till 2030

Source: RTS Corporation

Malaysia – A Decade of RE Promotion

• 9th Malaysia Plan (2006 – 2010)• Target RE: 300 MW – Peninsular Malaysia plus 50 MW – Sabah (East Malaysia)• 61.2MW (17% from 9th MP target through Small Renewable Energy Programme (SREP)• Cabinet approved National RE Policy & Action Plan (October 2010)

• 10th Malaysia Plan (2011-2015)• Enactment of RE Act 2011 & SEDA Act 2011 (27 & 28 April 2011)• Establishment of SEDA, implemented Feed-in Tariff (FIT)• 2015: Energy mix 43% coal, 40% gas, 14% large hydro, 2% RE, 1% oil

• 11th Malaysia Plan (2016-2020)• Target energy mix of 53% coal, 29% gas, 15% large hydro, 3% RE.• Target RE (FIT) capacity of 2,080 MW• Introduce Net Energy Metering (NEM)

19Source: SEDA

Malaysia – PV Market Development Stages

20Source: MPIA; * SEDA Malaysia = Sustainable Energy Development Authority Malaysia

Installed Capacities

SURIA1000 program : 1.25MWp

FIT program : 345.35MWp (installed as of 19 October 2017 (2012 – 2017)

Net-Energy-Metering (NEM) : 5.44MWp (installed as of 19 October 2017 (Target 500MW by 2020)

Large-Scale-Solar (LSS) : 1250MW (Target by 2020)

Service Provider : 121 (companies registered with SEDA Malaysia* as of 3 October 2017)

2006 – 2010SURIA1000

2011 – 2016Feed-in Tariff

(FIT)

2016 - Present- Large Scale Solar (LSS)- Net Energy Metering (NEM) - Self-consumption (SELCO)

Malaysia – PV Market Development

21Source: MPIA

Malaysia – PV Market – Status Quo

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• As of August 2017:

• 344 MW operational

• 892 MW approved by Govt.

Source: SEDA

Malaysia – Large-Scale Solar Auction Scheme

23

• Available Quota: 360MWac (x 4) in Peninsular Malaysia

• 100MWac (x 2) in Sabah (commercially operational by 2019-2020);

• Exchange rate: US$1 = RM4.21

Source: SEDA

Malaysia – Current FIT Structure

24

• FIT Rate for Solar PV (2017):

• US$1 = RM 4.21

Source: SEDA

Malaysia – Current Market Challenges

25Source: MPIA

Net Energy Metering (NEM) Self-Consumption Large Scale Solar PV (LSSPV)

1: LOW DISPLACED COST = LOW EXPORT RATE LV Connection: RM 0.31/kWh (Peninsula), RM 0.30/kWh (Sabah)MV Connection: RM 0.23/kWh (Peninsula), RM 0.22/kWh (Sabah)

2: 1 MW INSTALLATION CAP

3: GST COMPLICATIONHousehold/individuals issuing GST invoiceNO Tax refund for household/individualAdditional administration cost for ALL parties involved

4: NEM METER COSTLY FOR SMALL INSTALLATION (Example: Less than 3kWp)Especially for residential – RM 950/unit + 6% GST

1: REGULATIONSRequirement for SCADA monitoring system for installation above 1MW

Requirement for Power Supply Study (PSS) for installation above 425kW

1: LIBERALISATIONNon-compliance by foreign EPCs to nationally-accepted standards

Local companies not being given chance to grow

Thailand – 10 yrs of solar PV Policies

26Source: GIZ

Thailand – Sound Market Development

27

Key DriversPolicy/Schemes + Attractive tariffsDecreasing CAPEX

Key BarriersQuota limitationsSpontaneous announcement of schemes

2017 Projection = 500 MWGround Mount: 200 MWRooftop: 300 MW

Source: GIZ

Thailand – Upcoming New Market Trends

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Ground-Mount

Agro-SolarPhase 2

SPP Hybrid

Self-Consumption

• FiT: 4.12 THB/kWh [€0.11/kWh]• Project Size: 5 MW per project• Quota: 219 MW• PPA term: 25 years with DSO• Condition: Private Public Partnership (PPP)

• Electricity must be 100% consumed on-site• No feed in of electricity to the grid

Rooftop

• FiT: Ceiling price 3.66 THB/kWh [€0.10/kWh]• Project Size: 10-90 MW (Small Power

Producer)• Quota: 300 MW• PPA term: 20 years with TSO• Possible to hybridize different RE and energy

storage under one PPA(To be announced late 2017-2018)

Net-Metering

• Export of electricity is allowed & compensated for

• Rates are under consideration, expected to be

Thailand – Self-Consumption Rooftop Market

Self-Financed• Large corporations are going solar• Tesco Lotus installed 10 MW in 2016 and 20 MW more in 2017

Third-Party Financing/Ownership• Private-Private PPAs/Leasing models are emerging• Giving 10-15% discounts off retail electricity prices [€0.10/kWh]• Largest Deal today: 15 MW at Thammas University

29

Current Market

Self-Financed:100-200 MW

Third Party:50-100 MW

70%

30%

Source: GIZ

Thailand – Long-term Prospect till 2040

30

• Thailand’s power system will transform dramatically over the next 25 years

• Of the 67GW of new power capacity in 2040, 39% will be solar PV, which will surge tenfold to 27.8GW by 2040 to account for 30% of total installed capacity

• Cost of solar PV will become cost competitive with gas and coal generation within 10-15 years

Viet Nam – A Booming Economy needs Power

• Economy guided by 5-Year Plans

• 1986 launch of political and economic reforms “Doi Moi”

• Average GDP Growth Rate 2005-2015: ≈ 6.1%

• 2005-2015 Average Electricity Demand Growth Rate: 12%

• 2010-2017 Average Power Loss: 8.1%

• 2016-2020: Socio-Economic Development Strategy (SEDS) Targets

• Average Annual GDP Growth 6.5 – 7%

• Industry (40%) and Services (45%) account for 85% of GDP

• Urbanization Rate: 40%• 2016-2020 Average Electricity Demand Growth Rate: 10.5%

• 2021-2030 Average Electricity Demand Growth Rate: 8%31Source: AECEA

Viet Nam – National Power Development Plan

National Power Development Plan VII rev (2016-2030) – USD 148 bln Investment

32

• Strong Focus on RE and Power Market Liberalization | Former RE Targets: 2020 (4.5%) | 2030 (6%)

• Total Power Generation Capacities: 2016 (39 GW) | 2020 (60 GW) | 2025 (96 GW) | 2030 (135 GW)

• RE Targets excluding large/medium-scale + pumped hydro storage

• 2016-2020 investment foreseen amounts to USD 40 bln (75% power generation + 25% grid network upgrade)

Source: AECEA

Viet Nam – High Levels of Solar Irradiation

Blessed with High Levels of Solar Irradiation

• (GHI) Irradiation range btw. 3 to 5.6 kWh/m2/day

• (GHI) Annual daily average 3.4 – 3.8 – 4.8 kWh/m2/day

• (DNI) Irradiation range btw. 2.1 to 5.1 kWh/m2/day

• (DNI) Annual daily average btw. 2.5 – 4.2 – 4.7 kWh/m2/day

• Northern Viet Nam: 1,460-1,825 kWh/m2/a

• Southern Viet Nam: up to 2,000 kWh/m2/a

• Total sunlight hours 1600 to 2700 hrs/a

• Theoretical Potential for solar PV btw. 0.9 to 1.2 GWh/a

• Due to mountainous terrain, 1/3 unsuitable for solar PV

• Total technical solar potential est. 13 GW or 18 TWh/a 33Source: AECEA

Viet Nam – Energy Sector Landscape

• Vietnamese Govt and Prime Minister: policies, regulations, strategies and plans designed for the development of the renewable energy sector

• Ministry of Industry and Trade (MoIT): manages all energy sectors, such as coal, oil, gas, electricity, nuclear energy and renewable energies. Responsible for policy design and national plans subject to Prime Minister’s approval

• Ministry of Planning and Investment (MPI): lead role in coordinating and allocating funds for energy projects submitted by line ministries and agencies, for consideration and approval by the Prime Minister

• Ministry of Finance (MoF): taxation / energy tariff policies applied to the energy sector

Viet Nam’s energy sector is subject to a complex institutional structure

34

Electricity Regulatory Authority of

Viet Nam

Provincial Dept. of

Industry and Trade (DoIT)

General Directorate of Energy

Electricity of Vietnam

Group (EVN)

Institute of Energy

New and Renewable

Dept.

Source: AECEA

Viet Nam – Long-Term Solar Targets till 2030

National Mid and Long-Term Solar Targets till 2030

35Source: AECEA

Viet Nam – Policy Toolbox

Policy Toolbox Designed to Support Renewable Energy Development

• 11/2015: The Renewable Energy Development Strategy till 2030 (with vision to 2050) approved• Establish a fund for sustainable energy development • Develop & establish a Feed-in-Tariff (FIT) scheme for on-grid renewable energy• Develop & establish a Power Purchase Agreement (PPA) based scheme• Implementation of a Net–Metering scheme• Implementation of a Renewable Portfolio Standard (RPS) system (planned):

• Share of electricity generated from renewable sources for power utilities with capacities larger than 1 GW (excluding BOT);

• by 2020 no less than 3% | by 2030 no less than 10% | by 2050 no less than 20% • Share of power purchased from renewable energy sources from power distribution network utilities; • by 2020 no less than 5% | 10% by 2030 | 20% by 2050

• Provisions to offer other incentives, e.g. tax, land, environment, etc. 36Source: AECEA

Viet Nam – Renewables are Special

Investment Law Tax Incentives – Renewables are Special Encouraged Industries

Fiscal and Additional Incentives for Renewable Energy Projects – Excerpts • Preferential corporate tax rates / Accelerated depreciation rates / 0% VAT for RE projects• Exemption from import tax on equipment and materials • Export credits for up to 70% of construction cost (credit for 12 years, benchmarked to govt bond interest rates) • CDM projects comply with Kyoto Protocol are entitled to additional support measure e.g. land rent exemptions • Housing Law/Real Estate Business Law “land-use rights” – Foreign Investors can lease land up to 50 years/up to 70 years in areas 37

CorporateIncome Tax (CIT) Rate

CIT Availability(Years)

CIT Exemption Holiday (Years)

50% Reduction of CIT (Consecutive years after tax exemption period)

Encouraged Sectors 20 10 2 3

Encouraged Areas 20 10 2 6

Encouraged sectors in Encouraged Areas 15 12 3 7

Special Encouraged Industries and Special Encouraged Areas 10 15 4 9

Source: AECEA

Viet Nam – Current PV Market Structure

38

• Current total installed solar PV capacity amounts to approx. 10-15 MW • Approx. 20% are grid-connected installations • A few pilot / demonstration medium/large size systems of more than 50 kWp• First commercial investment such as: Avery Dennison (ex-PUMA, 100kW); Intel Corp.

(220kW); X Power (40kWp); Big C Binh Duong (212kWp); DBW (165kWp) … • Prevailing Business Model: Self-Consumption

• Approx. 80% are off-grid installations • 60-70% small applications e.g. SHS + solar public lighting systems• 30-40% are bigger systems, such as local solar network stations

and off-grid hybrid systems in remote areas or on islands

Source: AECEA, Rainer Brohm

Viet Nam – Low Retail Electricity Tariffs

39

37

11 12 11 12

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0

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Brazil China India Indonesia Malaysia Philippines Thailand Viet Nam

Average power tariff (USD cents/kWh)

• Business sector pays up to USCents 18/kWh during peak hrs

• Investments in solar PV rooftop systems for self-consumption are already financially feasible

• Equity payback times of 6-10 years are possible in certain sectors

• Net metering will further enhance attractiveness of investmentsSource: AECEA

Viet Nam – FIT Scheme announced April 2017

• The FIT Scheme applies for both, ground-mounted and roof-top solar PV systems

• Technical Requirements: cell efficiency 16%; module efficiency over 15%

• FIT: VND 2.086/kWh = USCents 9.35/kWh exclusive VAT (as of April 10, 2017)

• FIT: Subject to VND-USD exchange rate fluctuations | PPA 20 year period

• Roof sys subject to bi-directional net metering, excess electricity can be sold at FIT rate

• Projects with a capacity larger than 50 MW requires Prime Minister approval

• April 2017 decision is valid from June 2017 through June 2019

• September 2017 the Vietnamese authorities, in cooperation with the World Bank, have revealed plans to launch a pilot auction program for solar projects. It plans to set a floor price of $0.0935/kWh for the trial auctions, with the aim of launching the pilot phase before the country’s current feed-in tariff (FIT) rates expire in June 2019

40Source: AECEA

Viet Nam – FIT Scheme Challenges

41

• VND-USD exchange rate – no indexation of the FIT to e.g. address inflation risks

• Vietnam Electricity (EVN) serves as the sole off-taker – creditworthiness not sufficient

• PPA: EVN is not required to purchase or off-take electricity e.g. during grid maintenance

• PPA: non-utility customer e.g. industrial parks / manufacturer can not directly buy

• PPA: existing standardized PPA template for wind/biomass – considered non-bankable

• No project distinction, e.g. different scale or btw. utility-scale / self-consumption resi

• Rooftop: rate at which surplus is being purchased by EVN is unclear

• Grid connection costs and associated risks e.g. line loss

• June 2019: could witness a potential retroactive adjustment of the FIT

Source: AECEA

Courtesy

42

• Market data have been collected and analysed by members of the PVMarket Alliance.

• Special thanks to RTS Corporation / Japan for providing content!• More information: info@pvmarketalliance.com• www.pvmarketalliance.com

mailto:info@pvmarketalliance.comhttp://www.pvmarketalliance.com/

APVIA Q4 2017 Market ReportIntroductionChina – A Host of Up/Downstream Policies in � Place since early 2000 China – 12th Five-Year-Plan (2011-2015) – � Plan vs. RealityChina – Uneven Quarterly Demand China – Distributed Generation is Taking Off China – Residential Markt Prospects China - Pilot Direct Power Sales for Distributed � Generation Operational by Feb 2018 China – Market Prospects till 2020 Japan – Key-Points of Revised FIT LawJapan – Revised FIT Law cause CancellationsJapan – Changes of Approval SchemeJapan – Summary of Tender SchemeJapan - Eligibility Criteria for TendersJapan – FY 2030 Prospects Japan – Forecast of Installed PV Capacity Japan – Paradigm Shit Scenario till 2030Japan – 150 GW by Fiscal Year 2030 Malaysia – A Decade of RE Promotion Malaysia – PV Market Development Stages Malaysia – PV Market Development Malaysia – PV Market – Status QuoMalaysia – Large-Scale Solar Auction SchemeMalaysia – Current FIT Structure Malaysia – Current Market Challenges Thailand – 10 yrs of solar PV Policies Thailand – Sound Market Development Thailand – Upcoming New Market TrendsThailand – Self-Consumption Rooftop MarketThailand – Long-term Prospect till 2040 Viet Nam – A Booming Economy needs PowerViet Nam – National Power Development Plan Viet Nam – High Levels of Solar IrradiationViet Nam – Energy Sector Landscape Viet Nam – Long-Term Solar Targets till 2030Viet Nam – Policy Toolbox Viet Nam – Renewables are Special Viet Nam – Current PV Market Structure Viet Nam – Low Retail Electricity Tariffs Viet Nam – FIT Scheme announced April 2017Viet Nam – FIT Scheme ChallengesCourtesy