Is coal still king in South East Asia?(PPT)

摘要

1. Coal will continue to dominate the developing economies in South East Asia for the next decade or so. 2. Based on the LCOE forecasts, coal will continue to be the cheapest source of generation for the next 15 years or more and hence the investment decisions made in regulated and developing markets to meet the increasing demand will lean towards coal (in absence of carbon price). 3. Incentives will continue to drive solar growth in the SE Asian markets as extent of renewables growth need to factor in affordability of end-users. 4. However, by 2025, solar starts to compete with combined cycle gas plants at baseload and battery starts to compete with open cycle gas plants for peak load. Hence the pace of renewables growth will likely accelerate. 5. By 2035, solar starts to become the cheapest source of generation for baseload operation.