Emerging markets could become world leaders in solar exports
As demand for renewable energy grows globally, several emerging markets are positioning themselves as leaders in exporting solar power. Most notably, Indonesia appears to be leading the charge. In recent months five giant solar power-export projects have been proposed in the country.
One project, announced in mid-April, saw Singaporean renewable energy provider Quantum Power Asia and Berlin-based Ib Vogt agree to a $5bn deal to export solar power to Singapore.
The proposal involves constructing a 3.5-GW solar park and a 12-GWh battery storage facility across 4000 ha of land on Indonesia’s Riau Islands. The generated power would then be exported to Singapore via an undersea cable.
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Source: Oil Price
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