Potential solar boom in South-east Asia an opportunity to invest in storage systems
Recent blackouts in Spain and Portugal highlight the need for infrastructure to keep pace with green energy output
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[SINGAPORE] In the face of punishing solar tariffs from the US, South-east Asia has a silver lining: a glut in the supply of photovoltaic panels could make solar projects cheaper and increase adoption. But to seize this opportunity, the region will have to ramp up investments in energy storage systems.
The US recently imposed tariffs of as high as 3,500 per cent on solar exports from four South-east Asian markets: Cambodia, Malaysia, Thailand and Vietnam. These countries accounted for nearly 80 per cent of US solar imports.
As Prime Minister Lawrence Wong noted in his May Day speech, the US is effectively imposing an import ban on South-east Asian solar panels.
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