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Exxon Mobil Corporation Message Board

  • bluecheese4u bluecheese4u May 7, 2013 1:19 AM Flag

    Renewable energy is cheaper than imported gas and oil

    Edward Douglas
    Published 6 May 2013

    Southeast Asia is showing a rising number of high quality investment opportunities in renewable energy (RE) sources, according to a new report.

    Produced by clean energy investment firm Armstrong Asset Management, the report entitled, Entering a New Phase of Growth: Renewable Energy in SE Asia, analysed the region for its potential for renewable energy, citing opportunities in solar photovoltaics (PV), wind, hydro and biomass or biogas, and interest from both debt and equity providers to invest in them.

    Compared to the price for power generation from marginal fossil fuel on an unsubsidised base, renewable energy offers Southeast Asia clean and secure power at fixed long-term rates that are lower in price.

    Here is an overview of the report’s findings, together with some highlights of the investment opportunities and why renewable energy is worth investing on. Some key points first:
    •It is now cheaper to produce renewable energy in some Southeast Asia countries than bulk grid power from imported natural gas and fuel oil;
    •The cost advantage of renewable energy continues to grow in SE Asia as pricing, environmental and security risks associated with imported fossil fuels are more accurately evaluated;
    •SE Asia has excellent renewable resources but rely on a high level of fuel oil for power generation due to their sprawling geographies and inadequate grid infrastructure;
    •ASEAN-5 (Thailand, Indonesia, Philippines, Vietnam and Malaysia) will need to install between 168 and 192GW of new power generation capacity by 2025 to maintain its projected economic growth rate of 5.8%;
    •Governments in all Southeast Asian markets are significantly expanding their commitment to renewable energy as a proportion of the energy mix.

    From 2000 through 2006, however, the emerging markets of ASEAN-5 generally adopted a cautious approach to the development of renewable

    eco-businessDOTcom/opinion/renewable-energy-cheaper-imported-gas-and-oil/

 
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