This solution emphasizes the region’s industrial sector as a potential buyer of clean electricity to support the deployment of renewable energy projects and to leverage these projects for green industrializa- tion to maximize the developmental impact of the region’s clean electricity transition. [...] An expert from the power sector noted that “expanding the capability of the grid to absorb more renewables is the most important infrastructure to address if we are to realize the ambitious targets in Southeast Asia. [...] Higher electricity bills may create opportunities for the uptake of rooftop solar PV in the household sector, though its actual impact could be moderated by the scope and size of the price rise, the cost of solar installations, financial incentives, and the metering schemes available to household consumers. [...] Central to this opportunity are the collaborative efforts and partnership between Chinese and Southeast Asian stakeholders, which aim to do the following: • Strategically use the region’s industrial sector as a potential buyer of clean electricity to support the deployment of renewable energy projects and systems. [...] In addition to a range of tax and fiscal incentives, the Thai parliament passed the Eastern Economic Corridor Act in 2018 that ensures the continuation of policy support to industry investors, such as tax grants, and the right to land ownership.
- Pages
- 42
- Published in
- United States of America
