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The tension in power supply in Southeast Asian countries has eased in recent days
2023/7/24
After experiencing a rare heat wave brought about by extreme weather, the power supply tension in Vietnam and other Southeast Asian countries has eased in recent days, but the impact of the "power shortage" on the local booming manufacturing industry is still lingering, and the demand for developing clean energy power generation is prominent. As the more "green" Chinese power gradually goes abroad, these countries are also ushering in more power supply options. The reporter recently visited many countries in Southeast Asia to experience the changes China's "green electricity" has brought to local production and life.
China's wind power and photovoltaics are making great strides in Southeast Asia
According to a report by "Vietnam News" on the 20th, on July 19, the 16th Vietnam International Green Energy and Power Industry Exhibition opened in Ho Chi Minh City. Hundreds of international companies exhibit power generation equipment and systems, smart electrical equipment and technologies, renewable and green energy, and electrical services and solutions. More than 300 Chinese-funded energy and power companies including China National Nuclear Corporation, China Guangdong Nuclear Power Group, Dongfang Electric, China Southern Power Grid and Zhejiang Energy participated in the exhibition. Chinese exhibitors told "Vietnam News" that this is the largest centralized exhibition that China's electrical industry has participated in in Vietnam since the outbreak of the new crown pneumonia epidemic.
In recent years, Vietnam has made great efforts to develop green energy. The reporter learned that Chinese-funded enterprises have strong competitiveness in Vietnam's power construction and investment market. The energy cooperation between the two countries has been continuously upgraded in recent years, especially in the field of clean energy.
In December 2020, the hoisting of the first unit supplied to the Zhengsheng 50,000-kilowatt wind power project in Ninh Thuan, Vietnam was completed, becoming the first Chinese wind turbine built in Vietnam. This project is also the first wind power project invested by a Chinese company in Vietnam. According to incomplete statistics, as of May 2022, more than 70 wind power projects in Vietnam have been invested or undertaken by Chinese companies. Vietnam has replaced Australia as the country with the largest new additions and cumulative exports of Chinese wind turbines.
China's photovoltaic industry is also developing rapidly in Vietnam. Since 2014, 12 companies including Trina Solar, JA Solar, and Vietnam Photovoltaics have successively invested nearly US$2 billion in the photovoltaic industry in Bac Giang, Vietnam. The total production capacity of modules has exceeded 30GW, and the production capacity of batteries has exceeded 25GW. They have gathered into the largest photovoltaic industry group in Vietnam and one of the largest overseas photovoltaic product production bases in China.
Not only in Vietnam, clean energy power generation is being demanded by more and more Southeast Asian countries. The regional goal set by ASEAN is to reach 23% of renewable energy in the primary energy mix by 2025.
During interviews in Thailand and Malaysia, the reporter learned that Southeast Asian countries generally have better lighting conditions, which provides a good foundation for the development of photovoltaics. Due to the overseas investment of Chinese clean energy companies, Thailand has become an important photovoltaic industry manufacturing base in the world, and has the ability to supply related products to Southeast Asia.
China Power's foreign cooperation is becoming more and more abundant
According to data from the China Electricity Council (CEC), in 2022 new energy has become the field with the largest number of foreign investment projects in electric power, accounting for about 58%. Among them, there are 8 projects of solar power generation, with an investment amount of 1.331 billion US dollars; 6 projects of wind power generation, with an investment amount of 519 million US dollars. Investment opportunities in energy storage, hydrogen energy, comprehensive energy, and multi-energy complementarity are also increasing significantly.
In addition to wind power and photovoltaic power generation, Chinese companies also invest in the construction of thermal power plants in line with local actual needs. The reporter recently visited Shenhua Guohua (Indonesia) Java Power Generation Co., Ltd. (Guodian Power Indonesia Java Company) located in the west of Java Island, Indonesia. This project is a thermal power unit with the largest single-unit capacity invested and constructed overseas by a Chinese company and has independent intellectual property rights.
It is reported that the sulfur dioxide, nitrogen oxides, dust and other emission indicators of the project are all better than the Indonesian standards. Some local people told reporters that Java Island has been plagued by power shortages before, and every household has to be prepared to deal with power outages at any time. With the commissioning of power plants such as Guodian Power Indonesia Java Company, the power supply has been relatively abundant. According to data released by the Indonesian Ministry of Mines and Energy, the project can save Indonesia a lot of electricity costs every year.
While conducting overseas power investment, China's power industry also supports neighboring countries through power exports. According to information from the China Electricity Council, China has achieved cross-border transmission line interconnection and power trading with Vietnam, Myanmar, Laos and other countries. In 2022, the total electricity exchange between China and neighboring countries will increase by 20.7% compared with the previous year, of which the electricity sent will increase by 26.1% year-on-year.
Xue Yunan, director of new energy industry research at Co-Found, a domestic consulting organization, told reporters that the Chinese government has taken a series of measures to encourage enterprises to export electricity to neighboring countries while developing their own energy supply. For example, by improving domestic energy efficiency, expanding the scale of clean energy, and strengthening energy interconnection, etc., gradually realize the optimal allocation of energy and share benefits. The government also encourages enterprises to actively participate in international cooperation, and realize the internationalization and leapfrog development of energy supply through joint construction of energy infrastructure and other means.
Overseas markets need to be further cultivated
The reporter learned that in recent years, China has made breakthroughs in new energy consumption, offshore wind power grid integration, pumped hydro storage, and new energy storage. The consumption rates of wind power and photovoltaics have reached 96.9% and 98.0% respectively. The large-scale grid-connected standard system for offshore wind power has continued to improve. The planning, construction, operation and maintenance, and commercial operation of pumped storage have become increasingly mature. New energy storage has basically become an internationally advanced full industrial chain system, forming a multi-level, multi-variety, and multi-time-scale power market system. Xue Yunan believes that China has invested heavily in the field of photovoltaic and wind power, accumulated rich technology and experience, and achieved many results. The Chinese government strongly supports the development of the new energy industry, providing enterprises with a favorable policy and market environment. These have laid a solid foundation for the high-quality development of China's new energy industry.
"China's new energy power is currently facing some challenges and difficulties." Liu Chongyang, a researcher at the Energy Development Research Institute of China Southern Power Grid, told reporters that new energy technologies such as offshore wind power are relatively new and require large-scale investment and technical support. China still needs to further improve its technical level and solve technical problems in this regard. In addition, overseas markets have different access conditions and policy support for China's new energy power. China needs to establish more cooperation mechanisms and agreements with other countries to obtain better market access and policy support.
When visiting Southeast Asia, the reporter learned from the person in charge of a Chinese photovoltaic company that built a factory in Thailand that the production of Chinese companies in Southeast Asia mainly supplies the European and American markets, and the local market demand still needs to be cultivated. In addition, the Malaysian government has provided subsidies for fuel and electricity for a long time, so the oil price in the country has been at a low level for a long time, and enterprises and people lack the motivation to switch to new energy sources. The reporter observed in Kuala Lumpur that the price of local No. 95 gasoline is about 2 Malaysian ringgits per liter, or about 3 yuan.
China's wind power and photovoltaics are making great strides in Southeast Asia
According to a report by "Vietnam News" on the 20th, on July 19, the 16th Vietnam International Green Energy and Power Industry Exhibition opened in Ho Chi Minh City. Hundreds of international companies exhibit power generation equipment and systems, smart electrical equipment and technologies, renewable and green energy, and electrical services and solutions. More than 300 Chinese-funded energy and power companies including China National Nuclear Corporation, China Guangdong Nuclear Power Group, Dongfang Electric, China Southern Power Grid and Zhejiang Energy participated in the exhibition. Chinese exhibitors told "Vietnam News" that this is the largest centralized exhibition that China's electrical industry has participated in in Vietnam since the outbreak of the new crown pneumonia epidemic.
In recent years, Vietnam has made great efforts to develop green energy. The reporter learned that Chinese-funded enterprises have strong competitiveness in Vietnam's power construction and investment market. The energy cooperation between the two countries has been continuously upgraded in recent years, especially in the field of clean energy.
In December 2020, the hoisting of the first unit supplied to the Zhengsheng 50,000-kilowatt wind power project in Ninh Thuan, Vietnam was completed, becoming the first Chinese wind turbine built in Vietnam. This project is also the first wind power project invested by a Chinese company in Vietnam. According to incomplete statistics, as of May 2022, more than 70 wind power projects in Vietnam have been invested or undertaken by Chinese companies. Vietnam has replaced Australia as the country with the largest new additions and cumulative exports of Chinese wind turbines.
China's photovoltaic industry is also developing rapidly in Vietnam. Since 2014, 12 companies including Trina Solar, JA Solar, and Vietnam Photovoltaics have successively invested nearly US$2 billion in the photovoltaic industry in Bac Giang, Vietnam. The total production capacity of modules has exceeded 30GW, and the production capacity of batteries has exceeded 25GW. They have gathered into the largest photovoltaic industry group in Vietnam and one of the largest overseas photovoltaic product production bases in China.
Not only in Vietnam, clean energy power generation is being demanded by more and more Southeast Asian countries. The regional goal set by ASEAN is to reach 23% of renewable energy in the primary energy mix by 2025.
During interviews in Thailand and Malaysia, the reporter learned that Southeast Asian countries generally have better lighting conditions, which provides a good foundation for the development of photovoltaics. Due to the overseas investment of Chinese clean energy companies, Thailand has become an important photovoltaic industry manufacturing base in the world, and has the ability to supply related products to Southeast Asia.
China Power's foreign cooperation is becoming more and more abundant
According to data from the China Electricity Council (CEC), in 2022 new energy has become the field with the largest number of foreign investment projects in electric power, accounting for about 58%. Among them, there are 8 projects of solar power generation, with an investment amount of 1.331 billion US dollars; 6 projects of wind power generation, with an investment amount of 519 million US dollars. Investment opportunities in energy storage, hydrogen energy, comprehensive energy, and multi-energy complementarity are also increasing significantly.
In addition to wind power and photovoltaic power generation, Chinese companies also invest in the construction of thermal power plants in line with local actual needs. The reporter recently visited Shenhua Guohua (Indonesia) Java Power Generation Co., Ltd. (Guodian Power Indonesia Java Company) located in the west of Java Island, Indonesia. This project is a thermal power unit with the largest single-unit capacity invested and constructed overseas by a Chinese company and has independent intellectual property rights.
It is reported that the sulfur dioxide, nitrogen oxides, dust and other emission indicators of the project are all better than the Indonesian standards. Some local people told reporters that Java Island has been plagued by power shortages before, and every household has to be prepared to deal with power outages at any time. With the commissioning of power plants such as Guodian Power Indonesia Java Company, the power supply has been relatively abundant. According to data released by the Indonesian Ministry of Mines and Energy, the project can save Indonesia a lot of electricity costs every year.
While conducting overseas power investment, China's power industry also supports neighboring countries through power exports. According to information from the China Electricity Council, China has achieved cross-border transmission line interconnection and power trading with Vietnam, Myanmar, Laos and other countries. In 2022, the total electricity exchange between China and neighboring countries will increase by 20.7% compared with the previous year, of which the electricity sent will increase by 26.1% year-on-year.
Xue Yunan, director of new energy industry research at Co-Found, a domestic consulting organization, told reporters that the Chinese government has taken a series of measures to encourage enterprises to export electricity to neighboring countries while developing their own energy supply. For example, by improving domestic energy efficiency, expanding the scale of clean energy, and strengthening energy interconnection, etc., gradually realize the optimal allocation of energy and share benefits. The government also encourages enterprises to actively participate in international cooperation, and realize the internationalization and leapfrog development of energy supply through joint construction of energy infrastructure and other means.
Overseas markets need to be further cultivated
The reporter learned that in recent years, China has made breakthroughs in new energy consumption, offshore wind power grid integration, pumped hydro storage, and new energy storage. The consumption rates of wind power and photovoltaics have reached 96.9% and 98.0% respectively. The large-scale grid-connected standard system for offshore wind power has continued to improve. The planning, construction, operation and maintenance, and commercial operation of pumped storage have become increasingly mature. New energy storage has basically become an internationally advanced full industrial chain system, forming a multi-level, multi-variety, and multi-time-scale power market system. Xue Yunan believes that China has invested heavily in the field of photovoltaic and wind power, accumulated rich technology and experience, and achieved many results. The Chinese government strongly supports the development of the new energy industry, providing enterprises with a favorable policy and market environment. These have laid a solid foundation for the high-quality development of China's new energy industry.
"China's new energy power is currently facing some challenges and difficulties." Liu Chongyang, a researcher at the Energy Development Research Institute of China Southern Power Grid, told reporters that new energy technologies such as offshore wind power are relatively new and require large-scale investment and technical support. China still needs to further improve its technical level and solve technical problems in this regard. In addition, overseas markets have different access conditions and policy support for China's new energy power. China needs to establish more cooperation mechanisms and agreements with other countries to obtain better market access and policy support.
When visiting Southeast Asia, the reporter learned from the person in charge of a Chinese photovoltaic company that built a factory in Thailand that the production of Chinese companies in Southeast Asia mainly supplies the European and American markets, and the local market demand still needs to be cultivated. In addition, the Malaysian government has provided subsidies for fuel and electricity for a long time, so the oil price in the country has been at a low level for a long time, and enterprises and people lack the motivation to switch to new energy sources. The reporter observed in Kuala Lumpur that the price of local No. 95 gasoline is about 2 Malaysian ringgits per liter, or about 3 yuan.
Xue Yunan believes that the challenges faced by new energy power going overseas mainly include technical difficulties, market competition and policy risks. At present, some international markets do not have a high degree of recognition of new energy power, thinking that the cost is expensive, and they need to improve competitiveness through technological innovation and cost reduction. At the same time, some countries have policy obstacles, such as restrictions on foreign investment, which have also brought certain obstacles to China's new energy power going overseas. However, with the continuous improvement of technology and the gradual opening of the market, it is believed that China's new energy power going overseas will be more and more trusted, recognized and welcomed by the international market.
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